EMG Holdings L.P. lowered its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 45.7% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor 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 investment portfolio, making the stock its 6th largest position. EMG Holdings L.P. owned about 0.80% of New York Mortgage Trust worth $4,400,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of NYMT. Inceptionr LLC increased its position in shares of New York Mortgage Trust by 14.5% during the 4th quarter. Inceptionr LLC now owns 43,505 shares of the real estate investment trust's stock valued at $264,000 after purchasing an additional 5,513 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of New York Mortgage Trust during the fourth quarter worth approximately $49,000. McIlrath & Eck LLC bought a new stake in shares of New York Mortgage Trust in the 3rd quarter worth approximately $62,000. Geode Capital Management LLC boosted its stake in shares of 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 purchasing an additional 10,017 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of New York Mortgage Trust by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust's stock valued at $22,311,000 after purchasing an additional 12,237 shares during the last quarter. Institutional investors own 54.89% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have weighed in on NYMT. StockNews.com raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. B. Riley lowered their target price on New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $7.00.
Read Our Latest Stock Report on NYMT
New York Mortgage Trust Trading Down 2.0 %
Shares of New York Mortgage Trust stock traded down $0.13 during trading on Thursday, reaching $6.35. 846,491 shares of the stock were exchanged, compared to its average volume of 673,074. New York Mortgage Trust, Inc. has a 1 year low of $5.14 and a 1 year high of $7.35. The firm has a market cap of $575.10 million, a price-to-earnings ratio of -5.57 and a beta of 1.93. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. The stock's fifty day moving average is $6.48 and its 200 day moving average is $6.16.
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 for the quarter, missing analysts' consensus estimates of $0.03 by ($0.47). The business had revenue of $26.71 million during the quarter, compared to the consensus estimate 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%. As a group, equities research analysts expect 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 disclosed 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. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a yield of 12.60%. New York Mortgage Trust's dividend payout ratio (DPR) is presently -70.18%.
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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