Bank of New York Mellon Corp Has $5.38 Million Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Bank of New York Mellon Corp grew its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 829,188 shares of the real estate investment trust's stock after purchasing an additional 36,744 shares during the period. Bank of New York Mellon Corp owned about 0.92% of New York Mortgage Trust worth $5,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its position in shares of New York Mortgage Trust by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 451,094 shares of the real estate investment trust's stock valued at $2,928,000 after acquiring an additional 11,831 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in New York Mortgage Trust in the first quarter valued at about $86,000. New York State Teachers Retirement System boosted its position in New York Mortgage Trust by 1.6% in the first quarter. New York State Teachers Retirement System now owns 129,512 shares of the real estate investment trust's stock valued at $841,000 after buying an additional 2,100 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in New York Mortgage Trust by 3.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 3,772,564 shares of the real estate investment trust's stock valued at $24,484,000 after buying an additional 138,835 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in New York Mortgage Trust by 1,240.0% in the first quarter. GAMMA Investing LLC now owns 19,055 shares of the real estate investment trust's stock valued at $124,000 after buying an additional 17,633 shares in the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NYMT has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. B. Riley boosted their target price on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Jones Trading reaffirmed a "buy" rating and issued a $7.50 target price on shares of New York Mortgage Trust in a research note on Friday, May 2nd. Finally, UBS Group boosted their target price on shares of New York Mortgage Trust from $6.50 to $6.75 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.56.

New York Mortgage Trust Trading Down 3.0%

NASDAQ:NYMT traded down $0.21 during trading hours on Monday, hitting $6.80. The stock had a trading volume of 581,601 shares, compared to its average volume of 511,483. New York Mortgage Trust, Inc. has a one year low of $5.01 and a one year high of $7.27. The company has a debt-to-equity ratio of 9.15, a quick ratio of 11.43 and a current ratio of 11.43. The company has a market cap of $614.04 million, a price-to-earnings ratio of -113.33 and a beta of 1.27. The business's 50 day moving average is $6.71 and its 200-day moving average is $6.41.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, beating the consensus estimate of $0.10 by $0.10. New York Mortgage Trust had a net margin of 8.50% and a return on equity of 2.51%. The firm had revenue of $33.10 million during the quarter, compared to the consensus estimate of $27.84 million. Sell-side analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 11.76%. The ex-dividend date of this dividend is Monday, June 23rd. New York Mortgage Trust's dividend payout ratio (DPR) is presently -1,333.33%.

New York Mortgage Trust Company Profile

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.