New York Mortgage Trust, Inc. (NASDAQ:NYMT – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as $6.94 and last traded at $6.95, with a volume of 743974 shares traded. The stock had previously closed at $7.13.
Analyst Ratings Changes
A number of research analysts have issued reports on NYMT shares. UBS Group started coverage on shares of New York Mortgage Trust in a research report on Wednesday, December 6th. They set a “neutral” rating and a $8.50 target price on the stock. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.
Read Our Latest Analysis on NYMT
New York Mortgage Trust Trading Down 2.5 %
The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 4.21. The company’s 50-day moving average is $7.55 and its 200-day moving average is $8.20.
New York Mortgage Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 25th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 11.51%. The ex-dividend date is Friday, March 22nd. New York Mortgage Trust’s payout ratio is -80.81%.
Hedge Funds Weigh In On New York Mortgage Trust
Several institutional investors and hedge funds have recently added to or reduced their stakes in NYMT. Invesco Ltd. lifted its stake in New York Mortgage Trust by 26.5% in the 1st quarter. Invesco Ltd. now owns 6,009,670 shares of the real estate investment trust’s stock valued at $21,935,000 after purchasing an additional 1,259,010 shares during the last quarter. State Street Corp lifted its stake in New York Mortgage Trust by 8.6% in the 1st quarter. State Street Corp now owns 14,478,874 shares of the real estate investment trust’s stock valued at $54,204,000 after purchasing an additional 1,144,802 shares during the last quarter. Vanguard Group Inc. lifted its stake in New York Mortgage Trust by 2.9% in the 1st quarter. Vanguard Group Inc. now owns 25,413,787 shares of the real estate investment trust’s stock valued at $92,760,000 after purchasing an additional 714,954 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in New York Mortgage Trust by 40.1% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,650,421 shares of the real estate investment trust’s stock valued at $4,555,000 after purchasing an additional 472,391 shares during the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in New York Mortgage Trust by 42.4% in the 4th quarter. Balyasny Asset Management L.P. now owns 1,323,220 shares of the real estate investment trust’s stock valued at $11,287,000 after purchasing an additional 394,250 shares during the last quarter. Institutional investors own 52.98% of the company’s stock.
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.
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