New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 19.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,073,853 shares of the real estate investment trust's stock after selling 257,825 shares during the period. Charles Schwab Investment Management Inc. owned about 1.19% of New York Mortgage Trust worth $6,508,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in 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 buying an additional 129,079 shares during the period. Barclays PLC grew 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 buying an additional 117,206 shares during the last quarter. Van ECK Associates Corp raised its stake in New York Mortgage Trust by 9.9% in 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 last quarter. Janney Montgomery Scott LLC acquired a new stake in New York Mortgage Trust during the 4th quarter worth about $407,000. Finally, State Street Corp increased its holdings in shares of 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 valued at $22,820,000 after purchasing an additional 54,597 shares during the period. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

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New York Mortgage Trust Stock Performance

New York Mortgage Trust stock traded up $0.03 during midday trading on Thursday, hitting $6.69. 56,499 shares of the company were exchanged, compared to its average volume of 645,986. The business has a fifty day simple moving average of $6.41 and a two-hundred day simple moving average of $6.15. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. The firm has a market capitalization of $605.44 million, a PE ratio of -5.86 and a beta of 1.93. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $7.35.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 firm had revenue of $26.71 million for the quarter, compared to analysts' expectations of $20.06 million. On average, sell-side analysts forecast that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 11.97%. New York Mortgage Trust's dividend payout ratio is currently -70.18%.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NYMT. B. Riley decreased their target price on New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating for the company in a report on Tuesday, January 7th. StockNews.com raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $7.00.

New York Mortgage Trust Company 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.