Jacobs Levy Equity Management Inc. acquired a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 69,016 shares of the real estate investment trust's stock, valued at approximately $418,000. Jacobs Levy Equity Management Inc. owned approximately 0.08% of New York Mortgage Trust as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth approximately $49,000. Caxton Associates LP acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth approximately $69,000. Tower Research Capital LLC TRC grew its position in shares of New York Mortgage Trust by 18.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock worth $78,000 after buying an additional 2,014 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth approximately $80,000. Finally, Stifel Financial Corp acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth approximately $86,000. Institutional investors and hedge funds own 54.89% of the company's stock.
New York Mortgage Trust Price Performance
Shares of NASDAQ NYMT opened at $7.12 on Friday. New York Mortgage Trust, Inc. has a fifty-two week low of $5.02 and a fifty-two week high of $7.27. The firm's 50-day simple moving average is $6.21 and its 200 day simple moving average is $6.17. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. The stock has a market cap of $642.92 million, a P/E ratio of -6.25 and a beta of 1.24.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.10 by $0.10. The firm 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%. Equities analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.
New York Mortgage Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 11.24%. New York Mortgage Trust's dividend payout ratio (DPR) is presently -1,333.33%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the stock. StockNews.com raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Jones Trading reaffirmed a "buy" rating and issued a $7.50 price objective on shares of New York Mortgage Trust in a report on Friday, May 2nd. Finally, B. Riley lifted their price objective on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a report on Friday, May 2nd.
View Our Latest Research Report on NYMT
About New York Mortgage Trust
(
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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