Charles Schwab Investment Management Inc. trimmed its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 19.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,073,853 shares of the real estate investment trust's stock after selling 257,825 shares during the quarter. 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 quarter.
A number of other institutional investors also recently modified their holdings of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in New York Mortgage Trust in the fourth quarter valued at $49,000. McIlrath & Eck LLC bought a new stake in shares of New York Mortgage Trust during the 3rd quarter valued at $62,000. Wolverine Trading LLC bought a new position in New York Mortgage Trust during the third quarter worth about $101,000. Proficio Capital Partners LLC bought a new position in New York Mortgage Trust during the 4th quarter worth approximately $126,000. Finally, Intech Investment Management LLC increased its position in shares of New York Mortgage Trust by 91.5% in the 3rd quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust's stock valued at $254,000 after buying an additional 19,165 shares in the last quarter. Institutional investors own 54.89% of the company's stock.
New York Mortgage Trust Stock Performance
Shares of NASDAQ NYMT traded down $0.15 during mid-day trading on Friday, reaching $6.50. 600,633 shares of the company's stock were exchanged, compared to its average volume of 670,506. 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 capitalization of $588.69 million, a price-to-earnings ratio of -5.70 and a beta of 1.93. New York Mortgage Trust, Inc. has a 52 week low of $5.14 and a 52 week high of $7.35. The firm has a 50-day moving average price of $6.43 and a two-hundred day moving average price of $6.16.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last posted its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share (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 company had revenue of $26.71 million for the quarter, compared to analysts' expectations of $20.06 million. Analysts predict that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.
New York Mortgage Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Monday, March 31st will be issued a $0.20 dividend. 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 12.31%. New York Mortgage Trust's dividend payout ratio (DPR) is -70.18%.
Analyst Ratings Changes
Several research analysts recently commented on NYMT shares. StockNews.com upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Sunday, March 2nd. B. Riley cut their target price on shares of 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. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $7.00.
View Our Latest Stock Analysis 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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