Two Sigma Investments LP grew its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 2,225.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 251,406 shares of the real estate investment trust's stock after buying an additional 240,597 shares during the period. Two Sigma Investments LP owned 0.28% of New York Mortgage Trust worth $1,524,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of New York Mortgage Trust during the 4th quarter valued at $49,000. Caxton Associates LP purchased a new position in shares of New York Mortgage Trust in the 4th quarter worth about $69,000. Tower Research Capital LLC TRC raised its position in shares of New York Mortgage Trust by 18.4% in 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 purchasing an additional 2,014 shares during the last quarter. Guggenheim Capital LLC purchased a new position in shares of New York Mortgage Trust in the 4th quarter worth about $80,000. Finally, Stifel Financial Corp purchased a new position in shares of New York Mortgage Trust in the 4th quarter worth about $86,000. Institutional investors own 54.89% of the company's stock.
New York Mortgage Trust Stock Performance
NASDAQ:NYMT traded up $0.07 during mid-day trading on Thursday, reaching $6.66. The company's stock had a trading volume of 723,689 shares, compared to its average volume of 696,146. New York Mortgage Trust, Inc. has a 12-month low of $5.02 and a 12-month high of $7.27. The firm's fifty day moving average price is $6.17 and its two-hundred day moving average price is $6.23. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. The stock has a market cap of $601.38 million, a P/E ratio of -5.84 and a beta of 1.24.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $33.10 million during the quarter, compared to analyst estimates of $27.84 million. On average, equities analysts forecast that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.
New York Mortgage Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust's dividend payout ratio (DPR) is -1,333.33%.
Wall Street Analysts Forecast Growth
Several equities analysts have recently issued reports on the company. B. Riley lifted their price target on 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. Wall Street Zen raised New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Thursday, May 1st. Finally, Jones Trading reaffirmed 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.
Check Out Our Latest Stock Analysis on New York Mortgage Trust
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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