Jacobs Levy Equity Management Inc. Takes Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Jacobs Levy Equity Management Inc. purchased a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 69,016 shares of the real estate investment trust's stock, valued at approximately $418,000. Jacobs Levy Equity Management Inc. owned about 0.08% of New York Mortgage Trust as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of New York Mortgage Trust in the 4th quarter worth $49,000. Caxton Associates LP bought a new position in shares of New York Mortgage Trust in the 4th quarter worth $69,000. Tower Research Capital LLC TRC boosted its position in shares of 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 worth $78,000 after purchasing an additional 2,014 shares during the last quarter. Guggenheim Capital LLC bought a new position in shares of New York Mortgage Trust in the 4th quarter worth $80,000. Finally, Stifel Financial Corp bought a new position in shares of New York Mortgage Trust in the 4th quarter worth $86,000. 54.89% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. B. Riley lifted 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. Jones Trading reiterated a "buy" rating and set a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. Finally, Wall Street Zen upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 1st.

New York Mortgage Trust Trading Down 0.6%

NYMT stock traded down $0.04 during midday trading on Friday, hitting $6.42. 520,995 shares of the company's stock were exchanged, compared to its average volume of 702,034. The stock's fifty day moving average price is $6.20 and its 200-day moving average price is $6.20. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. The company has a market cap of $579.71 million, a PE ratio of -5.63 and a beta of 1.24. 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 issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.10 by $0.10. The company had revenue of $33.10 million for 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%. Research analysts predict that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.46%. New York Mortgage Trust's dividend payout ratio (DPR) is -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.