Barclays PLC Purchases 117,206 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Barclays PLC increased its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 347.4% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 150,946 shares of the real estate investment trust's stock after buying an additional 117,206 shares during the period. Barclays PLC owned 0.17% of New York Mortgage Trust worth $955,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in NYMT. The Manufacturers Life Insurance Company lifted its stake in New York Mortgage Trust by 5.6% in the second quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust's stock worth $211,000 after purchasing an additional 1,901 shares during the last quarter. First Trust Direct Indexing L.P. increased its holdings in shares of New York Mortgage Trust by 22.7% in the third quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust's stock worth $150,000 after buying an additional 4,376 shares during the period. Entropy Technologies LP lifted its stake in shares of New York Mortgage Trust by 53.9% in the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust's stock valued at $121,000 after acquiring an additional 6,700 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in New York Mortgage Trust during the 3rd quarter valued at about $76,000. Finally, Sei Investments Co. grew its position in New York Mortgage Trust by 16.8% during the 2nd quarter. Sei Investments Co. now owns 85,365 shares of the real estate investment trust's stock worth $499,000 after acquiring an additional 12,293 shares during the last quarter. 54.89% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of New York Mortgage Trust from a "hold" rating to a "sell" rating in a report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to MarketBeat, New York Mortgage Trust presently has a consensus rating of "Hold" and an average target price of $7.75.

New York Mortgage Trust Stock Performance

Shares of NASDAQ NYMT traded up $0.29 during trading on Tuesday, reaching $6.06. 770,902 shares of the company traded hands, compared to its average volume of 646,646. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 7.24. The firm has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $6.15. New York Mortgage Trust, Inc. has a 52-week low of $5.14 and a 52-week high of $8.61. The stock has a market capitalization of $548.91 million, a PE ratio of -18.36 and a beta of 1.94.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th will be given a $0.20 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.80 annualized dividend and a yield of 13.20%. New York Mortgage Trust's payout ratio is presently -242.42%.

New York Mortgage Trust Company 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.