Bank of New York Mellon Corp boosted its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 19.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 792,444 shares of the real estate investment trust's stock after purchasing an additional 129,079 shares during the quarter. Bank of New York Mellon Corp owned about 0.87% of New York Mortgage Trust worth $4,802,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in NYMT. Entropy Technologies LP grew its holdings in New York Mortgage Trust by 53.9% during the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust's stock valued at $121,000 after buying an additional 6,700 shares in the last quarter. Intech Investment Management LLC boosted its position in shares of New York Mortgage Trust by 91.5% during the third 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in New York Mortgage Trust by 16.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,514 shares of the real estate investment trust's stock valued at $991,000 after acquiring an additional 21,676 shares in the last quarter. State Street Corp increased its holdings in New York Mortgage Trust by 1.6% in the 3rd 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. Finally, Wolverine Trading LLC purchased a new stake in New York Mortgage Trust in the 3rd quarter worth $101,000. 54.89% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of research analysts have recently weighed in on the company. B. Riley cut 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 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, New York Mortgage Trust presently has an average rating of "Hold" and an average target price of $7.00.
Read Our Latest Stock Analysis on NYMT
New York Mortgage Trust Price Performance
Shares of NASDAQ NYMT traded down $0.09 during mid-day trading on Friday, hitting $6.79. 684,894 shares of the company's stock traded hands, compared to its average volume of 652,514. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. New York Mortgage Trust, Inc. has a 1 year low of $5.14 and a 1 year high of $7.38. The company's 50-day moving average is $6.34 and its two-hundred day moving average is $6.15. The company has a market capitalization of $615.31 million, a P/E ratio of -5.96 and a beta of 1.93.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.47). The company had revenue of $26.71 million for the quarter, compared to analysts' expectations of $20.06 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. On average, equities analysts anticipate 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 dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date of this dividend is Monday, March 31st. New York Mortgage Trust's dividend payout ratio (DPR) is -70.18%.
New York Mortgage Trust Profile
(
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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