MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 450,501 Shares of New York Mortgage Trust, Inc. $NYMT

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in New York Mortgage Trust by 32.0% during the first quarter, owning approximately 2.06% of the company worth $12,074,000 after acquiring an additional 450,501 shares.
• New York Mortgage Trust reported quarterly earnings with an EPS of $0.22, exceeding analyst expectations of $0.20, but with revenue falling short at $17.81 million compared to forecasts of $38.67 million.
• UBS Group raised its price target for New York Mortgage Trust from $6.75 to $7.25 while maintaining a "neutral" rating, amidst a general consensus rating of "Moderate Buy" with an average target price of $7.92.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 32.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,860,410 shares of the real estate investment trust's stock after buying an additional 450,501 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned about 2.06% of New York Mortgage Trust worth $12,074,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC lifted its stake in New York Mortgage Trust by 110.7% during the 1st quarter. AQR Capital Management LLC now owns 28,365 shares of the real estate investment trust's stock valued at $184,000 after acquiring an additional 14,901 shares in the last quarter. Graham Capital Management L.P. raised its holdings in shares of New York Mortgage Trust by 23.6% in the first quarter. Graham Capital Management L.P. now owns 113,402 shares of the real estate investment trust's stock valued at $736,000 after purchasing an additional 21,633 shares during the last quarter. State of Wyoming lifted its position in shares of New York Mortgage Trust by 145.3% during the first quarter. State of Wyoming now owns 45,465 shares of the real estate investment trust's stock valued at $295,000 after purchasing an additional 26,930 shares in the last quarter. OMERS ADMINISTRATION Corp bought a new position in shares of New York Mortgage Trust during the first quarter valued at about $188,000. Finally, Ieq Capital LLC purchased a new position in New York Mortgage Trust during the first quarter worth about $82,000. Institutional investors own 54.89% of the company's stock.

New York Mortgage Trust Price Performance

The company has a market cap of $640.75 million, a PE ratio of 37.34 and a beta of 1.32. The company has a quick ratio of 11.70, a current ratio of 11.70 and a debt-to-equity ratio of 10.13. New York Mortgage Trust, Inc. has a 52 week low of $5.01 and a 52 week high of $7.27. The business's 50 day simple moving average is $6.87 and its two-hundred day simple moving average is $6.60.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. New York Mortgage Trust had a return on equity of 7.59% and a net margin of 12.50%.The company had revenue of $17.81 million during the quarter, compared to the consensus estimate of $38.67 million. Research analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, UBS Group increased their price objective on shares of New York Mortgage Trust from $6.75 to $7.25 and gave the company a "neutral" rating in a research note on Wednesday, September 3rd. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, New York Mortgage Trust presently has a consensus rating of "Moderate Buy" and an average target price of $7.92.

New York Mortgage Trust 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.