Bank of America Corp DE cut its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 9.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 399,541 shares of the real estate investment trust's stock after selling 41,729 shares during the period. Bank of America Corp DE owned approximately 0.44% of New York Mortgage Trust worth $2,421,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in New York Mortgage Trust in the fourth quarter worth approximately $49,000. Tower Research Capital LLC TRC boosted its stake in New York Mortgage Trust by 18.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 2,014 shares in the last quarter. Guggenheim Capital LLC bought a new position in New York Mortgage Trust during the 4th quarter valued at $80,000. Stifel Financial Corp bought a new position in New York Mortgage Trust during the 4th quarter valued at $86,000. Finally, KLP Kapitalforvaltning AS bought a new position in New York Mortgage Trust during the 4th quarter valued at $98,000. 54.89% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
NYMT has been the subject of a number of research reports. B. Riley increased their price target on New York Mortgage Trust from $8.00 to $9.00 and gave the company a "buy" rating in a research note on Friday, May 2nd. Wall Street Zen raised New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Finally, Jones Trading reaffirmed a "buy" rating and set a $7.50 price target on shares of New York Mortgage Trust in a research note on Friday, May 2nd.
View Our Latest Analysis on NYMT
New York Mortgage Trust Price Performance
Shares of NYMT traded up $0.07 during trading hours on Thursday, hitting $6.66. 723,689 shares of the company were exchanged, compared to its average volume of 696,565. The company has a market capitalization of $601.38 million, a PE ratio of -5.84 and a beta of 1.24. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. The firm has a fifty day simple moving average of $6.17 and a 200-day simple moving average of $6.24. New York Mortgage Trust, Inc. has a one year low of $5.02 and a one year high of $7.27.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. The business had revenue of $33.10 million during the quarter, compared to analyst estimates of $27.84 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. As a group, sell-side analysts predict that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.
New York Mortgage Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were given a $0.20 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 12.01%. New York Mortgage Trust's dividend payout ratio (DPR) is presently -1,333.33%.
New York Mortgage Trust Profile
(
Free Report)
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.
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