Charles Schwab Investment Management Inc. trimmed its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 12.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,331,678 shares of the real estate investment trust's stock after selling 195,164 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.47% of New York Mortgage Trust worth $8,430,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in NYMT. Nisa Investment Advisors LLC raised its position in New York Mortgage Trust by 2.4% during the second quarter. Nisa Investment Advisors LLC now owns 69,223 shares of the real estate investment trust's stock valued at $418,000 after buying an additional 1,634 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of New York Mortgage Trust by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust's stock valued at $211,000 after purchasing an additional 1,901 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of New York Mortgage Trust by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,717 shares of the real estate investment trust's stock worth $531,000 after purchasing an additional 3,723 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in shares of New York Mortgage Trust by 22.7% during the third quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust's stock worth $150,000 after purchasing an additional 4,376 shares during the period. Finally, Entropy Technologies LP boosted its holdings in shares of New York Mortgage Trust by 53.9% during the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust's stock worth $121,000 after purchasing an additional 6,700 shares during the period. 54.89% of the stock is owned by hedge funds and other institutional investors.
New York Mortgage Trust Stock Down 1.1 %
Shares of NYMT traded down $0.07 during mid-day trading on Wednesday, hitting $6.48. 613,068 shares of the company's stock were exchanged, compared to its average volume of 626,373. The stock has a market cap of $586.96 million, a price-to-earnings ratio of -19.85 and a beta of 1.94. The firm has a fifty day moving average of $5.82 and a two-hundred day moving average of $6.13. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 7.24. New York Mortgage Trust, Inc. has a twelve month low of $5.14 and a twelve month high of $9.67.
New York Mortgage Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.20 per share. The ex-dividend date is Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 12.35%. New York Mortgage Trust's dividend payout ratio (DPR) is presently -242.42%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on NYMT shares. StockNews.com downgraded shares of New York Mortgage Trust from a "hold" rating to a "sell" rating in a research report on Tuesday, November 19th. Janney Montgomery Scott began coverage on New York Mortgage Trust in a report on Tuesday, August 13th. They set a "neutral" rating and a $7.00 price objective for the company. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, New York Mortgage Trust has a consensus rating of "Hold" and a consensus price target of $7.75.
Get Our Latest Stock Analysis on NYMT
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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