Virtu Financial LLC bought a new stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 44,971 shares of the real estate investment trust's stock, valued at approximately $273,000.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Inceptionr LLC boosted its position in New York Mortgage Trust by 14.5% during the fourth 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 in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of New York Mortgage Trust during the 4th quarter worth approximately $49,000. McIlrath & Eck LLC purchased a new position in shares of New York Mortgage Trust during the 3rd quarter valued at approximately $62,000. Geode Capital Management LLC grew its stake in New York Mortgage Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust's stock valued at $14,320,000 after acquiring an additional 10,017 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in New York Mortgage Trust by 0.3% in the 4th 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 acquiring an additional 12,237 shares in the last quarter. Hedge funds and other institutional investors own 54.89% of the company's stock.
New York Mortgage Trust Stock Performance
NYMT remained flat at $6.49 on Tuesday. 660,372 shares of the company's stock traded hands, compared to its average volume of 672,481. New York Mortgage Trust, Inc. has a 52 week low of $5.14 and a 52 week high of $7.35. The company has a market capitalization of $587.78 million, a PE ratio of -5.69 and a beta of 1.93. The firm's fifty day simple moving average is $6.46 and its 200-day simple moving average is $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 posted its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.47). The business had revenue of $26.71 million for the quarter, compared to analyst estimates 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%. On average, equities analysts predict that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.
New York Mortgage Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.33%. The ex-dividend date of this dividend is Monday, March 31st. New York Mortgage Trust's payout ratio is currently -70.18%.
Wall Street Analyst Weigh In
NYMT has been the topic of several recent analyst reports. B. Riley decreased their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $7.00.
View Our Latest Report on New York Mortgage Trust
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.
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