New York Mortgage Trust (NASDAQ:NYMT) Reaches New 1-Year Low at $6.86

New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report)'s share price hit a new 52-week low on Wednesday . The company traded as low as $6.86 and last traded at $6.87, with a volume of 453771 shares. The stock had previously closed at $7.33.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on NYMT shares. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. B. Riley reiterated a "buy" rating and issued a $11.00 price objective (down previously from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th.

New York Mortgage Trust Price Performance

The company has a debt-to-equity ratio of 4.21, a quick ratio of 4.29 and a current ratio of 4.29. The stock has a market cap of $634.12 million, a price-to-earnings ratio of -7.02 and a beta of 1.92. The business's fifty day simple moving average is $7.26 and its 200 day simple moving average is $8.00.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 25th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.51%. New York Mortgage Trust's dividend payout ratio (DPR) is presently -80.81%.

Institutional Investors Weigh In On New York Mortgage Trust

Institutional investors have recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its stake in shares of New York Mortgage Trust by 9.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,395,614 shares of the real estate investment trust's stock valued at $11,849,000 after purchasing an additional 121,716 shares in the last quarter. Penserra Capital Management LLC raised its stake in shares of New York Mortgage Trust by 14.4% in the 3rd quarter. Penserra Capital Management LLC now owns 48,456 shares of the real estate investment trust's stock valued at $411,000 after purchasing an additional 6,095 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of New York Mortgage Trust by 13.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 95,809 shares of the real estate investment trust's stock valued at $813,000 after purchasing an additional 11,721 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of New York Mortgage Trust by 2.4% in the 3rd quarter. New York State Teachers Retirement System now owns 134,612 shares of the real estate investment trust's stock valued at $1,143,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of New York Mortgage Trust by 6.6% in the 3rd quarter. Van ECK Associates Corp now owns 559,377 shares of the real estate investment trust's stock valued at $4,749,000 after purchasing an additional 34,790 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company's stock.

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.