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

JPMorgan Chase & Co. boosted its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 137.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 100,934 shares of the real estate investment trust's stock after purchasing an additional 58,388 shares during the period. JPMorgan Chase & Co. owned about 0.11% of New York Mortgage Trust worth $612,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. EntryPoint Capital LLC purchased a new stake in New York Mortgage Trust in the 4th quarter worth approximately $127,000. Vanguard Group Inc. raised its position in shares of New York Mortgage Trust by 4.3% in the fourth quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust's stock valued at $38,918,000 after buying an additional 264,334 shares during the last quarter. LPL Financial LLC purchased a new stake in New York Mortgage Trust during the 4th quarter valued at about $129,000. KLP Kapitalforvaltning AS purchased a new position in New York Mortgage Trust in the 4th quarter worth approximately $98,000. Finally, Virtu Financial LLC purchased a new position in shares of New York Mortgage Trust during the 4th quarter worth $273,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Stock Down 0.1 %

Shares of NASDAQ:NYMT traded down $0.01 during trading on Monday, hitting $6.65. The company's stock had a trading volume of 38,313 shares, compared to its average volume of 689,729. The company has a market capitalization of $600.03 million, a PE ratio of -5.82 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 fifty-two week low of $5.02 and a fifty-two week high of $7.11. The business has a 50 day moving average price of $6.23 and a two-hundred day moving average price of $6.08.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.10. The firm had revenue of $33.10 million during the quarter, compared to analysts' expectations of $27.84 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. As a group, research analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were paid a dividend of $0.20 per share. 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 12.04%. New York Mortgage Trust's dividend payout ratio (DPR) is -1,333.33%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Jones Trading restated a "buy" rating and issued a $7.50 target price on shares of New York Mortgage Trust in a research report on Friday. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday. Finally, B. Riley lifted their target price on shares of New York Mortgage Trust from $8.00 to $9.00 and gave the company a "buy" rating in a report on Friday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $7.38.

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.