New York Mortgage Trust, Inc. $NYMT Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its holdings in New York Mortgage Trust by 14.7%, now owning approximately 3.03% of the company valued at $17.77 million.
• New York Mortgage Trust recently reported earnings of $0.22 per share, surpassing analysts' estimates of $0.20, with quarterly revenue of $17.81 million compared to an estimated $38.67 million.
• A quarterly dividend of $0.20 per share was declared, resulting in a significant payout ratio of 421.05% and an annualized dividend yield of 11.6%.

Invesco Ltd. trimmed its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 14.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,737,249 shares of the real estate investment trust's stock after selling 470,190 shares during the period. Invesco Ltd. owned 3.03% of New York Mortgage Trust worth $17,765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its holdings in New York Mortgage Trust by 23.1% during the 1st quarter. PNC Financial Services Group Inc. now owns 8,334 shares of the real estate investment trust's stock worth $54,000 after buying an additional 1,566 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings in New York Mortgage Trust by 18.4% during 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 buying an additional 2,014 shares during the last quarter. New York State Teachers Retirement System lifted its holdings in New York Mortgage Trust by 1.6% during the 1st quarter. New York State Teachers Retirement System now owns 129,512 shares of the real estate investment trust's stock worth $841,000 after buying an additional 2,100 shares during the last quarter. Barclays PLC lifted its holdings in shares of New York Mortgage Trust by 5.7% in the 4th quarter. Barclays PLC now owns 159,482 shares of the real estate investment trust's stock valued at $966,000 after purchasing an additional 8,536 shares during the last quarter. Finally, Caxton Associates LP purchased a new stake in shares of New York Mortgage Trust in the 4th quarter valued at about $69,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Stock Performance

NYMT stock traded down $0.06 during trading on Wednesday, hitting $7.10. The company had a trading volume of 480,325 shares, compared to its average volume of 723,429. The firm has a market cap of $641.20 million, a PE ratio of 37.37 and a beta of 1.28. New York Mortgage Trust, Inc. has a 1-year low of $5.01 and a 1-year high of $7.27. The firm has a 50-day moving average price of $6.77 and a 200-day moving average price of $6.53. 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 (NASDAQ:NYMT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $17.81 million for the quarter, compared to analysts' expectations of $38.67 million. New York Mortgage Trust had a return on equity of 7.59% and a net margin of 12.50%. On average, analysts expect that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, June 23rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.80 annualized dividend and a yield of 11.3%. New York Mortgage Trust's payout ratio is presently 421.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on NYMT shares. UBS Group boosted their target price on New York Mortgage Trust from $6.50 to $6.75 and gave the company a "neutral" rating in a report on Thursday, July 10th. Wall Street Zen raised New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. B. Riley boosted their target price on New York Mortgage Trust from $8.00 to $9.00 and gave the company a "buy" rating in a report on Friday, May 2nd. Finally, 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. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, New York Mortgage Trust currently has an average rating of "Moderate Buy" and a consensus price target of $7.75.

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.