Illinois Municipal Retirement Fund purchased a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 46,396 shares of the real estate investment trust's stock, valued at approximately $281,000. Illinois Municipal Retirement Fund owned 0.05% of New York Mortgage Trust at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of the business. Allspring Global Investments Holdings LLC lifted its position 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 worth $22,311,000 after buying an additional 12,237 shares in the last quarter. State Street Corp grew its position in New York Mortgage Trust by 1.6% in the third quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust's stock worth $22,820,000 after acquiring an additional 54,597 shares in the last quarter. Geode Capital Management LLC lifted its stake 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 worth $14,320,000 after purchasing an additional 10,017 shares during the last quarter. Van ECK Associates Corp lifted its stake in New York Mortgage Trust by 9.9% in the fourth quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust's stock worth $4,900,000 after purchasing an additional 72,946 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of New York Mortgage Trust by 19.5% during the fourth quarter. Bank of New York Mellon Corp now owns 792,444 shares of the real estate investment trust's stock valued at $4,802,000 after acquiring an additional 129,079 shares during the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.
New York Mortgage Trust Stock Performance
NYMT stock traded up $0.18 during midday trading on Friday, hitting $7.01. 809,296 shares of the stock traded hands, compared to its average volume of 646,766. 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 firm has a market cap of $634.87 million, a P/E ratio of -6.15 and a beta of 1.92. New York Mortgage Trust, Inc. has a 1-year low of $5.14 and a 1-year high of $7.40. The stock's fifty day simple moving average is $6.19 and its 200-day simple moving average is $6.13.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its quarterly earnings results 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 company had revenue of $26.71 million for the quarter, compared to analyst estimates 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, analysts expect that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.
New York Mortgage Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were paid a $0.20 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.80 annualized dividend and a yield of 11.41%. New York Mortgage Trust's dividend payout ratio is currently -70.18%.
Analyst Ratings Changes
A number of brokerages have weighed in on NYMT. B. Riley cut their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating on the stock in a report on Tuesday, January 7th. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, New York Mortgage Trust has an average rating of "Hold" and an average price target of $7.00.
Read Our Latest Research Report on New York Mortgage Trust
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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