New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC reduced its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) by 11.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 691,204 shares of the real estate investment trust's stock after selling 93,409 shares during the quarter. Wolverine Asset Management LLC owned approximately 0.76% of New York Mortgage Trust worth $4,375,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NYMT. Nisa Investment Advisors LLC grew its holdings in shares of 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 worth $418,000 after purchasing an additional 1,634 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in New York Mortgage Trust by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust's stock worth $211,000 after purchasing an additional 1,901 shares during the period. Price T Rowe Associates Inc. MD grew its position in New York Mortgage Trust by 5.3% during the 1st 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 during the last quarter. First Trust Direct Indexing L.P. increased its stake in New York Mortgage Trust by 22.7% in the third quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust's stock valued at $150,000 after purchasing an additional 4,376 shares during the period. Finally, Sei Investments Co. raised its holdings in shares of New York Mortgage Trust by 11.8% in the first quarter. Sei Investments Co. now owns 73,072 shares of the real estate investment trust's stock valued at $526,000 after buying an additional 7,728 shares during the last quarter. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Price Performance

Shares of NYMT traded up $0.06 during mid-day trading on Monday, hitting $6.02. The company's stock had a trading volume of 382,621 shares, compared to its average volume of 611,661. The company has a current ratio of 8.25, a quick ratio of 6.46 and a debt-to-equity ratio of 7.24. New York Mortgage Trust, Inc. has a 1-year low of $5.14 and a 1-year high of $9.67. The firm has a market capitalization of $545.29 million, a P/E ratio of -18.06 and a beta of 1.94. The firm has a 50-day simple moving average of $6.01 and a 200 day simple moving average of $6.17.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, September 30th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 13.29%. New York Mortgage Trust's payout ratio is currently -242.42%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. StockNews.com cut New York Mortgage Trust from a "hold" rating to a "sell" rating in a research report on Friday. Janney Montgomery Scott started coverage on New York Mortgage Trust in a report on Tuesday, August 13th. They set a "neutral" rating and a $7.00 price target for the company. One research 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 MarketBeat.com, New York Mortgage Trust has a consensus rating of "Hold" and an average price target of $7.75.

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.