New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Bought by Invesco Ltd.

Invesco Ltd. raised its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,207,439 shares of the real estate investment trust's stock after acquiring an additional 542,002 shares during the period. Invesco Ltd. owned approximately 3.54% of New York Mortgage Trust worth $19,437,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. State Street Corp boosted its position in shares of New York Mortgage Trust by 1.6% in the 3rd quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust's stock worth $22,820,000 after purchasing an additional 54,597 shares in the last quarter. Jane Street Group LLC grew its stake in shares of New York Mortgage Trust by 17.5% during the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust's stock worth $1,041,000 after acquiring an additional 24,430 shares during the last quarter. Barclays PLC increased its holdings in shares of New York Mortgage Trust by 347.4% during the third quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust's stock valued at $955,000 after acquiring an additional 117,206 shares in the last quarter. Geode Capital Management LLC raised its position 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 during the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in New York Mortgage Trust in the 3rd quarter worth approximately $62,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on NYMT. StockNews.com cut shares of New York Mortgage Trust from a "hold" rating to a "sell" rating in a report on Wednesday. B. Riley reduced 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. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, New York Mortgage Trust has a consensus rating of "Hold" and an average price target of $7.00.

New York Mortgage Trust Stock Performance

NASDAQ NYMT traded up $0.03 on Thursday, hitting $5.58. 76,568 shares of the company's stock traded hands, compared to its average volume of 685,907. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. The firm's 50-day moving average price is $6.29 and its two-hundred day moving average price is $6.05. New York Mortgage Trust, Inc. has a 1-year low of $5.02 and a 1-year high of $7.19. The firm has a market capitalization of $504.91 million, a PE ratio of -4.89 and a beta of 1.43.

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 the consensus estimate 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 return on equity of 1.39% and a negative net margin of 15.46%. As a group, analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 14.35%. The ex-dividend date of this dividend is Monday, March 31st. New York Mortgage Trust's dividend payout ratio (DPR) is -70.18%.

New York Mortgage Trust 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.