New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 15.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,148,179 shares of the real estate investment trust's stock after purchasing an additional 154,181 shares during the quarter. Northern Trust Corp owned about 1.27% of New York Mortgage Trust worth $6,958,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of NYMT. Invesco Ltd. raised its stake in shares of New York Mortgage Trust by 20.3% in the fourth quarter. Invesco Ltd. now owns 3,207,439 shares of the real estate investment trust's stock worth $19,437,000 after purchasing an additional 542,002 shares during the last quarter. Vanguard Group Inc. grew its holdings in New York Mortgage Trust by 4.3% during the fourth quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust's stock worth $38,918,000 after acquiring an additional 264,334 shares during the period. Bank of New York Mellon Corp raised its position in New York Mortgage Trust by 19.5% during the fourth quarter. Bank of New York Mellon Corp now owns 792,444 shares of the real estate investment trust's stock valued at $4,802,000 after acquiring an additional 129,079 shares in the last quarter. Van ECK Associates Corp raised its position in New York Mortgage Trust by 9.9% during the fourth quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust's stock valued at $4,900,000 after acquiring an additional 72,946 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in New York Mortgage Trust during the fourth quarter valued at approximately $407,000. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Price Performance

Shares of New York Mortgage Trust stock traded down $0.04 on Friday, reaching $6.42. The company's stock had a trading volume of 520,995 shares, compared to its average volume of 701,676. The company has a market capitalization of $579.71 million, a P/E ratio of -5.63 and a beta of 1.24. 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 50-day moving average price of $6.20 and a 200-day moving average price of $6.20. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33.

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, topping the consensus estimate of $0.10 by $0.10. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The firm had revenue of $33.10 million during the quarter, compared to analysts' expectations of $27.84 million. Analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.46%. The ex-dividend date of this dividend was Monday, March 31st. New York Mortgage Trust's payout ratio is -1,333.33%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Wall Street Zen upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. B. Riley lifted their price target on New York Mortgage Trust from $8.00 to $9.00 and gave the company a "buy" rating in a research report on Friday, May 2nd. Finally, Jones Trading reiterated a "buy" rating and set a $7.50 price target on shares of New York Mortgage Trust in a research 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.