Virtu Financial LLC bought a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 44,971 shares of the real estate investment trust's stock, valued at approximately $273,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of New York Mortgage Trust in the 4th quarter worth approximately $49,000. McIlrath & Eck LLC purchased a new stake in New York Mortgage Trust during the third quarter valued at approximately $62,000. Wolverine Trading LLC purchased a new stake in New York Mortgage Trust during the third quarter valued at approximately $101,000. Proficio Capital Partners LLC bought a new position in New York Mortgage Trust in the fourth quarter worth approximately $126,000. Finally, Intech Investment Management LLC boosted its stake in shares of New York Mortgage Trust by 91.5% during the 3rd quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust's stock worth $254,000 after acquiring an additional 19,165 shares during the last quarter. 54.89% of the stock is owned by hedge funds and other institutional investors.
New York Mortgage Trust Price Performance
Shares of NYMT traded up $0.12 during mid-day trading on Monday, reaching $6.42. The stock had a trading volume of 252,984 shares, compared to its average volume of 675,763. The firm has a market cap of $580.99 million, a price-to-earnings ratio of -5.63 and a beta of 1.93. New York Mortgage Trust, Inc. has a 12 month low of $5.14 and a 12 month high of $7.35. The business has a fifty day moving average of $6.44 and a 200 day moving average of $6.16. 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 (NASDAQ:NYMT - Get Free Report) last issued its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47). The firm had revenue of $26.71 million during the quarter, compared to the consensus estimate of $20.06 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. Equities analysts predict that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.
New York Mortgage Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.47%. The ex-dividend date is Monday, March 31st. New York Mortgage Trust's dividend payout ratio is currently -70.18%.
Analyst Ratings Changes
NYMT has been the subject of several analyst reports. B. Riley reduced their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. StockNews.com upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $7.00.
Check Out Our Latest Stock Analysis on NYMT
About New York Mortgage Trust
(
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.
Read More
Before you consider New York Mortgage Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and New York Mortgage Trust wasn't on the list.
While New York Mortgage Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
