XTX Topco Ltd Purchases Shares of 56,201 New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Key Points

• XTX Topco Ltd has acquired a new stake in New York Mortgage Trust, purchasing 56,201 shares valued at approximately $365,000, giving it about 0.06% ownership of the firm.
• Institutional investors own 54.89% of New York Mortgage Trust, with several notable funds, including Vanguard Group and Invesco, increasing their positions in the last quarter.
• The stock has received mixed ratings from analysts, with a consensus rating of "Hold" and a target price of $7.56, despite a recent quarterly earnings report that exceeded expectations.

XTX Topco Ltd acquired a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 56,201 shares of the real estate investment trust's stock, valued at approximately $365,000. XTX Topco Ltd owned approximately 0.06% of New York Mortgage Trust at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Y Intercept Hong Kong Ltd acquired a new position in shares of New York Mortgage Trust during the first quarter worth about $285,000. Penserra Capital Management LLC lifted its stake in shares of New York Mortgage Trust by 21.1% during the first quarter. Penserra Capital Management LLC now owns 186,986 shares of the real estate investment trust's stock worth $1,213,000 after purchasing an additional 32,548 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of New York Mortgage Trust by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 829,188 shares of the real estate investment trust's stock worth $5,381,000 after purchasing an additional 36,744 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of New York Mortgage Trust by 2.7% during the first quarter. Principal Financial Group Inc. now owns 451,094 shares of the real estate investment trust's stock worth $2,928,000 after purchasing an additional 11,831 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of New York Mortgage Trust in the first quarter worth about $86,000. Institutional investors and hedge funds own 54.89% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on NYMT shares. B. Riley boosted their price target on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. UBS Group boosted their price target on New York Mortgage Trust from $6.50 to $6.75 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Jones Trading reiterated a "buy" rating and issued a $7.50 price target on shares of New York Mortgage Trust in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st.

New York Mortgage Trust Stock Down 1.4%

New York Mortgage Trust stock traded down $0.10 during midday trading on Thursday, hitting $6.83. The stock had a trading volume of 300,774 shares, compared to its average volume of 719,216. The company has a current ratio of 11.70, a quick ratio of 11.70 and a debt-to-equity ratio of 10.13. The stock has a market cap of $616.37 million, a P/E ratio of 35.82 and a beta of 1.28. New York Mortgage Trust, Inc. has a 12 month low of $5.01 and a 12 month high of $7.27. The business has a fifty day moving average price of $6.73 and a 200 day moving average price of $6.46.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. The firm had revenue of $17.81 million during the quarter, compared to analyst estimates of $38.67 million. New York Mortgage Trust had a return on equity of 7.59% and a net margin of 12.50%. Research analysts predict that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, June 23rd. This represents a $0.80 annualized dividend and a dividend yield of 11.7%. New York Mortgage Trust's dividend payout ratio is 421.05%.

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.