New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Bought by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 137.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 100,934 shares of the real estate investment trust's stock after acquiring an additional 58,388 shares during the period. JPMorgan Chase & Co. owned approximately 0.11% of New York Mortgage Trust worth $612,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Barclays PLC increased its stake in New York Mortgage Trust by 347.4% in the 3rd quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust's stock valued at $955,000 after buying an additional 117,206 shares during the period. Geode Capital Management LLC grew its stake in New York Mortgage Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust's stock valued at $14,320,000 after acquiring an additional 10,017 shares during the last quarter. Jane Street Group LLC grew its stake in New York Mortgage Trust by 17.5% in the 3rd quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust's stock valued at $1,041,000 after acquiring an additional 24,430 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in New York Mortgage Trust during the 4th quarter valued at about $126,000. Finally, 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 worth $4,900,000 after acquiring an additional 72,946 shares during the last quarter. 54.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Jones Trading reiterated a "buy" rating and issued a $7.50 price target on shares of New York Mortgage Trust in a research report on Friday. B. Riley increased 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. Finally, StockNews.com raised New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $7.38.

New York Mortgage Trust Trading Up 4.7 %

NASDAQ NYMT traded up $0.30 during mid-day trading on Friday, reaching $6.65. 1,524,809 shares of the stock were exchanged, compared to its average volume of 692,216. The stock has a market capitalization of $600.48 million, a PE ratio of -5.83 and a beta of 1.24. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. New York Mortgage Trust, Inc. has a 1-year low of $5.02 and a 1-year high of $7.11. The business's fifty day simple moving average is $6.23 and its 200 day simple moving average is $6.07.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, beating 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 the consensus estimate of $27.84 million. On average, research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 12.03%. New York Mortgage Trust's payout ratio is currently -1,333.33%.

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.