Van ECK Associates Corp Boosts Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Van ECK Associates Corp boosted its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 808,522 shares of the real estate investment trust's stock after buying an additional 72,946 shares during the quarter. Van ECK Associates Corp owned approximately 0.89% of New York Mortgage Trust worth $4,900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new position in New York Mortgage Trust during the 3rd quarter worth about $62,000. Sequoia Financial Advisors LLC acquired a new position in New York Mortgage Trust during the 3rd quarter worth about $76,000. Calton & Associates Inc. bought a new position in shares of New York Mortgage Trust in the 3rd quarter worth about $82,000. Wolverine Trading LLC bought a new position in shares of New York Mortgage Trust in the 3rd quarter worth about $101,000. Finally, Entropy Technologies LP raised its position in shares of New York Mortgage Trust by 53.9% in the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust's stock worth $121,000 after acquiring an additional 6,700 shares in the last quarter. 54.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on NYMT. B. Riley lowered their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, January 7th. StockNews.com raised New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $7.00.

New York Mortgage Trust Stock Up 0.5 %

New York Mortgage Trust stock traded up $0.03 during midday trading on Friday, reaching $6.46. The stock had a trading volume of 1,252,256 shares, compared to its average volume of 624,363. New York Mortgage Trust, Inc. has a 12 month low of $5.14 and a 12 month high of $7.49. The company has a market capitalization of $585.15 million, a P/E ratio of -5.67 and a beta of 1.92. The company has a fifty day moving average price of $6.03 and a two-hundred day moving average price of $6.09. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last released 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). 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 net margin of 15.46% and a negative return on equity of 1.37%. As a group, equities analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were paid 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 12.38%. New York Mortgage Trust's payout ratio is presently -70.18%.

About New York Mortgage Trust

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.