Two Sigma Advisers LP purchased 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 Form 13F filing with the SEC. The fund purchased 74,876 shares of the real estate investment trust's stock, valued at approximately $454,000. Two Sigma Advisers LP owned approximately 0.08% of New York Mortgage Trust as of its most recent filing with the SEC.
Other large investors have also made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of New York Mortgage Trust in the 4th quarter valued at approximately $49,000. Caxton Associates LP bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at approximately $69,000. Tower Research Capital LLC TRC raised its position in shares of New York Mortgage Trust by 18.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust's stock valued at $78,000 after purchasing an additional 2,014 shares during the period. Guggenheim Capital LLC bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at approximately $80,000. Finally, Stifel Financial Corp bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at approximately $86,000. Institutional investors own 54.89% of the company's stock.
New York Mortgage Trust Stock Performance
Shares of NYMT traded up $0.11 during mid-day trading on Friday, hitting $6.77. The company's stock had a trading volume of 523,039 shares, compared to its average volume of 697,659. New York Mortgage Trust, Inc. has a one year low of $5.02 and a one year high of $7.27. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. The firm has a market capitalization of $611.32 million, a PE ratio of -5.94 and a beta of 1.28. The stock's 50-day moving average is $6.18 and its two-hundred day moving average is $6.25.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating 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 company had revenue of $33.10 million during the quarter, compared to analysts' expectations of $27.84 million. As a group, sell-side analysts anticipate 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 announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were paid a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.82%. New York Mortgage Trust's payout ratio is -1,333.33%.
Analyst Ratings Changes
A number of equities analysts have recently commented on the stock. Wall Street Zen raised shares of 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 shares of 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 reissued a "buy" rating and issued a $7.50 price target on shares of New York Mortgage Trust in a research report on Friday, May 2nd.
View Our Latest Stock Analysis 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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