Vanguard Group Inc. Grows Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Vanguard Group Inc. grew its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 4.3% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,422,036 shares of the real estate investment trust's stock after buying an additional 264,334 shares during the period. Vanguard Group Inc. owned approximately 7.09% of New York Mortgage Trust worth $38,918,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in New York Mortgage Trust by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust's stock worth $22,311,000 after purchasing an additional 12,237 shares during the last quarter. State Street Corp increased its position in shares of New York Mortgage Trust by 1.6% during the third quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust's stock valued at $22,820,000 after acquiring an additional 54,597 shares during the last quarter. Geode Capital Management LLC boosted its position in New York Mortgage Trust by 0.4% in the third quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust's stock worth $14,320,000 after purchasing an additional 10,017 shares during the last quarter. Van ECK Associates Corp grew its stake in New York Mortgage Trust by 9.9% in the 4th quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust's stock valued at $4,900,000 after purchasing an additional 72,946 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of New York Mortgage Trust by 19.5% during the 4th quarter. Bank of New York Mellon Corp now owns 792,444 shares of the real estate investment trust's stock valued at $4,802,000 after purchasing an additional 129,079 shares during the last quarter. Institutional investors own 54.89% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on NYMT shares. B. Riley reduced their price target on shares of New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $7.00.

New York Mortgage Trust Price Performance

Shares of NASDAQ:NYMT traded up $0.10 on Friday, hitting $5.43. The company's stock had a trading volume of 511,357 shares, compared to its average volume of 689,643. New York Mortgage Trust, Inc. has a 1 year low of $5.02 and a 1 year high of $7.25. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. The company has a market capitalization of $491.78 million, a PE ratio of -4.76 and a beta of 1.43. The company has a 50-day simple moving average of $6.33 and a 200 day simple moving average of $6.06.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) EPS for the quarter, missing analysts' consensus estimates of $0.03 by ($0.47). 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 $26.71 million during the quarter, compared to analysts' expectations of $20.06 million. Sell-side analysts forecast that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.73%. The ex-dividend date is Monday, March 31st. New York Mortgage Trust's payout ratio is -70.18%.

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.