Janney Montgomery Scott LLC Invests $407,000 in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Janney Montgomery Scott LLC bought a new stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 67,148 shares of the real estate investment trust's stock, valued at approximately $407,000. Janney Montgomery Scott LLC owned approximately 0.07% of New York Mortgage Trust at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in NYMT. McIlrath & Eck LLC purchased a new position in shares of New York Mortgage Trust during the 3rd quarter valued at approximately $62,000. Sequoia Financial Advisors LLC acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at $76,000. Calton & Associates Inc. acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at $82,000. AQR Capital Management LLC acquired a new stake in New York Mortgage Trust in the 2nd quarter valued at $83,000. Finally, Wolverine Trading LLC acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at $101,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Price Performance

NYMT traded up $0.06 on Friday, hitting $6.15. 351,040 shares of the company's stock were exchanged, compared to its average volume of 535,774. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $7.64. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24. The firm has a 50-day moving average price of $6.06 and a 200-day moving average price of $6.10. The stock has a market cap of $557.06 million, a price-to-earnings ratio of -18.64 and a beta of 1.92.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 13.01%. New York Mortgage Trust's dividend payout ratio is presently -242.42%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on NYMT. StockNews.com raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Friday. B. Riley lowered their target price on shares of New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating on the stock in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, New York Mortgage Trust has a consensus rating of "Hold" and an average price target of $7.00.

New York Mortgage Trust 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.