MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,409,909 shares of the real estate investment trust's stock after purchasing an additional 130,499 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 1.56% of New York Mortgage Trust worth $8,544,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC grew its stake 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 buying an additional 2,014 shares during the last quarter. Inceptionr LLC raised its position in shares of New York Mortgage Trust by 14.5% in the 4th quarter. Inceptionr LLC now owns 43,505 shares of the real estate investment trust's stock worth $264,000 after purchasing an additional 5,513 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in New York Mortgage Trust in the 4th quarter worth about $49,000. Barclays PLC increased its stake in New York Mortgage Trust by 5.7% during the 4th quarter. Barclays PLC now owns 159,482 shares of the real estate investment trust's stock valued at $966,000 after purchasing an additional 8,536 shares in the last quarter. Finally, Caxton Associates LP purchased a new position in New York Mortgage Trust in the fourth quarter worth about $69,000. Hedge funds and other institutional investors own 54.89% of the company's stock.
New York Mortgage Trust Stock Performance
Shares of NASDAQ NYMT traded down $0.56 during midday trading on Wednesday, hitting $6.51. 591,968 shares of the company's stock traded hands, compared to its average volume of 701,253. The firm has a fifty day moving average of $6.22 and a 200 day moving average of $6.18. New York Mortgage Trust, Inc. has a 1 year low of $5.02 and a 1 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 stock has a market capitalization of $587.39 million, a price-to-earnings ratio of -5.71 and a beta of 1.24.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.10. The business had revenue of $33.10 million during the quarter, compared to analyst estimates of $27.84 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. On average, analysts forecast that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.
New York Mortgage Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.30%. The ex-dividend date of this dividend was Monday, March 31st. New York Mortgage Trust's dividend payout ratio (DPR) is presently -1,333.33%.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on the stock. B. Riley raised 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. Jones Trading reaffirmed a "buy" rating and set a $7.50 price objective on shares of New York Mortgage Trust in a research report on Friday, May 2nd. Finally, StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st.
View Our Latest Research Report on NYMT
New York Mortgage Trust Profile
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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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