Vanguard Group Inc. decreased its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT – Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,097,810 shares of the real estate investment trust’s stock after selling 62,159 shares during the quarter. Vanguard Group Inc. owned approximately 6.68% of New York Mortgage Trust worth $43,904,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in New York Mortgage Trust by 9.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,527,776 shares of the real estate investment trust’s stock worth $13,032,000 after buying an additional 132,162 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in New York Mortgage Trust by 0.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 833,702 shares of the real estate investment trust’s stock worth $6,003,000 after buying an additional 6,148 shares in the last quarter. Van ECK Associates Corp lifted its position in New York Mortgage Trust by 1.3% in the 1st quarter. Van ECK Associates Corp now owns 578,929 shares of the real estate investment trust’s stock worth $4,168,000 after buying an additional 7,316 shares in the last quarter. EMG Holdings L.P. lifted its position in New York Mortgage Trust by 192.1% in the 4th quarter. EMG Holdings L.P. now owns 555,930 shares of the real estate investment trust’s stock worth $4,742,000 after buying an additional 365,622 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D lifted its position in New York Mortgage Trust by 10.7% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 289,307 shares of the real estate investment trust’s stock worth $2,468,000 after buying an additional 27,969 shares in the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.
New York Mortgage Trust Stock Up 2.1 %
New York Mortgage Trust stock opened at $6.24 on Thursday. New York Mortgage Trust, Inc. has a 1-year low of $5.51 and a 1-year high of $9.68. The firm’s fifty day simple moving average is $6.19 and its 200-day simple moving average is $6.75. The company has a current ratio of 6.46, a quick ratio of 4.02 and a debt-to-equity ratio of 6.30. The company has a market capitalization of $569.26 million, a P/E ratio of -3.37 and a beta of 1.93.
New York Mortgage Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, June 28th were paid a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a yield of 12.82%. New York Mortgage Trust’s payout ratio is presently -43.24%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on NYMT. StockNews.com downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods cut their price target on shares of New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd. Finally, UBS Group cut their price target on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, May 8th.
Get Our Latest Research Report on NYMT
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.
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