ExodusPoint Capital Management LP lessened its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 50.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 64,305 shares of the real estate investment trust's stock after selling 64,946 shares during the quarter. ExodusPoint Capital Management LP owned about 0.07% of New York Mortgage Trust worth $390,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Barclays PLC lifted its position in New York Mortgage Trust by 347.4% during the 3rd quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust's stock valued at $955,000 after purchasing an additional 117,206 shares during the period. Geode Capital Management LLC lifted its holdings in New York Mortgage Trust by 0.4% in the third 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 buying an additional 10,017 shares during the period. Jane Street Group LLC lifted its holdings in New York Mortgage Trust by 17.5% in the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust's stock valued at $1,041,000 after buying an additional 24,430 shares during the period. Proficio Capital Partners LLC bought a new position in New York Mortgage Trust in the fourth quarter valued at approximately $126,000. Finally, Van ECK Associates Corp grew its holdings in New York Mortgage Trust by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust's stock worth $4,900,000 after acquiring an additional 72,946 shares during the period. Institutional investors own 54.89% of the company's stock.
New York Mortgage Trust Trading Down 0.2 %
Shares of NASDAQ NYMT traded down $0.01 during midday trading on Tuesday, reaching $5.44. 827,127 shares of the stock were exchanged, compared to its average volume of 690,103. New York Mortgage Trust, Inc. has a 12 month low of $5.02 and a 12 month high of $7.25. The company has a market capitalization of $492.68 million, a price-to-earnings ratio of -4.77 and a beta of 1.43. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. The business has a 50-day simple moving average of $6.37 and a two-hundred day simple moving average of $6.08.
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) EPS for the quarter, missing the consensus estimate 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, equities research analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.
New York Mortgage Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be given a $0.20 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 14.71%. New York Mortgage Trust's dividend payout ratio is presently -70.18%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on NYMT. B. Riley cut their price target on 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. StockNews.com raised New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.00.
Check Out Our Latest Research Report on NYMT
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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