Charles Schwab Investment Management Inc. Has $7.65 Million Stock Holdings in New York Mortgage Trust, Inc. $NYMT

Key Points

• Charles Schwab Investment Management Inc. increased its stake in New York Mortgage Trust, Inc. by 9.8%, owning approximately $7.65 million worth of shares following the acquisition of additional shares.
• Wall Street analysts have a consensus rating of "Moderate Buy" for New York Mortgage Trust, with target prices ranging from $6.75 to $9.00.
• New York Mortgage Trust reported $0.22 earnings per share for the last quarter, exceeding estimates, and announced a quarterly dividend of $0.20 per share, yielding 11.2%.

Charles Schwab Investment Management Inc. raised its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 9.8% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,179,141 shares of the real estate investment trust's stock after acquiring an additional 105,288 shares during the period. Charles Schwab Investment Management Inc. owned about 1.31% of New York Mortgage Trust worth $7,653,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NYMT. PNC Financial Services Group Inc. raised its holdings in New York Mortgage Trust by 23.1% in the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the real estate investment trust's stock valued at $54,000 after acquiring an additional 1,566 shares in the last quarter. Caxton Associates LP acquired a new position in New York Mortgage Trust in the 4th quarter valued at approximately $69,000. Tower Research Capital LLC TRC raised its holdings in New York Mortgage Trust by 18.4% in 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 acquiring an additional 2,014 shares in the last quarter. Guggenheim Capital LLC acquired a new position in New York Mortgage Trust in the 4th quarter valued at approximately $80,000. Finally, Stifel Financial Corp acquired a new position in New York Mortgage Trust in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds own 54.89% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NYMT. B. Riley increased their target price on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, May 2nd. Wall Street Zen raised New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. Jones Trading reissued a "buy" rating and issued a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. Finally, UBS Group increased their target price on New York Mortgage Trust from $6.50 to $6.75 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.75.

New York Mortgage Trust Stock Up 0.8%

NASDAQ NYMT opened at $7.16 on Wednesday. The firm has a market cap of $646.62 million, a PE ratio of 37.68 and a beta of 1.28. New York Mortgage Trust, Inc. has a one year low of $5.01 and a one year high of $7.27. The stock's 50 day simple moving average is $6.76 and its 200 day simple moving average is $6.52. The company has a debt-to-equity ratio of 10.13, a current ratio of 11.70 and a quick ratio of 11.70.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.22 EPS for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. The firm had revenue of $17.81 million for the quarter, compared to analyst estimates of $38.67 million. New York Mortgage Trust had a return on equity of 7.59% and a net margin of 12.50%. As a group, sell-side analysts forecast that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 30th. Investors of record on Monday, June 23rd were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 11.2%. The ex-dividend date of this dividend was Monday, June 23rd. New York Mortgage Trust's dividend payout ratio (DPR) is presently 421.05%.

About New York Mortgage Trust

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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