EMG Holdings L.P. Sells 610,971 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

EMG Holdings L.P. cut its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 45.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 726,121 shares of the real estate investment trust's stock after selling 610,971 shares during the period. New York Mortgage Trust makes up 2.6% of EMG Holdings L.P.'s holdings, making the stock its 6th largest position. EMG Holdings L.P. owned approximately 0.80% of New York Mortgage Trust worth $4,400,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in New York Mortgage Trust during the fourth quarter valued at $49,000. McIlrath & Eck LLC purchased a new stake in New York Mortgage Trust during the 3rd quarter worth approximately $62,000. Wolverine Trading LLC acquired a new position in shares of New York Mortgage Trust during the third quarter valued at approximately $101,000. KLP Kapitalforvaltning AS acquired a new stake in shares of New York Mortgage Trust in the fourth quarter worth approximately $98,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of New York Mortgage Trust in the fourth quarter worth approximately $126,000. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Trading Down 7.4 %

Shares of NYMT stock traded down $0.47 during trading on Friday, hitting $5.88. 1,019,823 shares of the stock traded hands, compared to its average volume of 675,378. New York Mortgage Trust, Inc. has a 52-week low of $5.14 and a 52-week high of $7.34. The firm has a market capitalization of $532.53 million, a P/E ratio of -5.16 and a beta of 1.93. The firm's fifty day moving average price is $6.48 and its 200-day moving average price is $6.15. 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 (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). New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The business had revenue of $26.71 million for the quarter, compared to analyst estimates of $20.06 million. As a group, research analysts forecast that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 13.61%. New York Mortgage Trust's dividend payout ratio (DPR) is presently -70.18%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on NYMT shares. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd. B. Riley decreased 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 research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.00.

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.