Allspring Global Investments Holdings LLC Purchases 138,835 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Allspring Global Investments Holdings LLC lifted its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,772,564 shares of the real estate investment trust's stock after purchasing an additional 138,835 shares during the period. Allspring Global Investments Holdings LLC owned 4.17% of New York Mortgage Trust worth $24,484,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in NYMT. Jane Street Group LLC grew its holdings in shares of New York Mortgage Trust by 191.6% in the 4th quarter. Jane Street Group LLC now owns 479,428 shares of the real estate investment trust's stock valued at $2,905,000 after buying an additional 315,040 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in New York Mortgage Trust in the 4th quarter valued at approximately $116,000. Price T Rowe Associates Inc. MD boosted its holdings in New York Mortgage Trust by 20.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 93,049 shares of the real estate investment trust's stock worth $564,000 after purchasing an additional 15,840 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in New York Mortgage Trust in the 4th quarter valued at $126,000. Finally, Two Sigma Advisers LP bought a new stake in New York Mortgage Trust during the fourth quarter worth about $454,000. 54.89% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust Price Performance

NASDAQ:NYMT traded up $0.06 on Wednesday, hitting $6.82. The company had a trading volume of 424,044 shares, compared to its average volume of 694,746. New York Mortgage Trust, Inc. has a 52 week low of $5.02 and a 52 week high of $7.27. The stock has a market capitalization of $615.85 million, a price-to-earnings ratio of -113.67 and a beta of 1.27. The company has a current ratio of 11.43, a quick ratio of 11.43 and a debt-to-equity ratio of 9.15. The firm has a 50 day moving average of $6.57 and a two-hundred day moving average of $6.30.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last posted 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 return on equity of 2.51% and a net margin of 8.50%. The firm had revenue of $33.10 million during the quarter, compared to the consensus estimate of $27.84 million. On average, research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 23rd will be given a dividend of $0.20 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.80 annualized dividend and a yield of 11.73%. New York Mortgage Trust's dividend payout ratio is presently -1,333.33%.

Wall Street Analyst Weigh In

NYMT has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. B. Riley raised their price target on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a research report on Friday, May 2nd. Finally, 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.

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.