Wolverine Asset Management LLC Decreases Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Wolverine Asset Management LLC decreased its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 631,302 shares of the real estate investment trust's stock after selling 59,902 shares during the quarter. Wolverine Asset Management LLC owned 0.70% of New York Mortgage Trust worth $3,826,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of New York Mortgage Trust in the fourth quarter worth approximately $49,000. Principal Financial Group Inc. grew its holdings in New York Mortgage Trust by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 439,263 shares of the real estate investment trust's stock worth $2,662,000 after buying an additional 12,275 shares in the last quarter. Rhumbline Advisers raised its position in New York Mortgage Trust by 5.4% in the 4th quarter. Rhumbline Advisers now owns 277,123 shares of the real estate investment trust's stock valued at $1,679,000 after buying an additional 14,104 shares during the last quarter. Van ECK Associates Corp lifted its stake in New York Mortgage Trust by 9.9% during the 4th quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust's stock valued at $4,900,000 after acquiring an additional 72,946 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in 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 acquiring an additional 12,237 shares during the last quarter. Institutional investors own 54.89% of the company's stock.

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Analysts Set New Price Targets

Several brokerages have recently commented on NYMT. B. Riley lowered 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 report on Tuesday, January 7th. StockNews.com downgraded shares of New York Mortgage Trust from a "hold" rating to a "sell" rating in a research report on Saturday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, New York Mortgage Trust has an average rating of "Hold" and an average target price of $7.00.

New York Mortgage Trust Stock Performance

Shares of New York Mortgage Trust stock traded up $0.10 during trading hours on Tuesday, hitting $6.81. 555,214 shares of the company's stock traded hands, compared to its average volume of 635,020. The stock has a market capitalization of $616.39 million, a price-to-earnings ratio of -5.97 and a beta of 1.92. New York Mortgage Trust, Inc. has a 12-month low of $5.14 and a 12-month high of $7.40. 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 company has a fifty day simple moving average of $6.04 and a 200-day simple moving average of $6.09.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $26.71 million for the quarter, compared to analysts' expectations 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%. Equities research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.76%. New York Mortgage Trust's dividend payout ratio (DPR) is presently -70.18%.

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.