Mirae Asset Global Investments Co. Ltd. Boosts Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Mirae Asset Global Investments Co. Ltd. boosted its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 0.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 833,702 shares of the real estate investment trust’s stock after buying an additional 6,148 shares during the period. Mirae Asset Global Investments Co. Ltd. owned approximately 0.91% of New York Mortgage Trust worth $6,003,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC grew its position in New York Mortgage Trust by 9.1% in the 4th quarter. SG Americas Securities LLC now owns 23,802 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 1,979 shares during the last quarter. Yousif Capital Management LLC grew its position in New York Mortgage Trust by 11.7% in the 4th quarter. Yousif Capital Management LLC now owns 51,046 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 5,352 shares during the last quarter. New York State Common Retirement Fund grew its position in New York Mortgage Trust by 19.7% in the 4th quarter. New York State Common Retirement Fund now owns 34,025 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 5,594 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in New York Mortgage Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 48,456 shares of the real estate investment trust’s stock valued at $411,000 after acquiring an additional 6,095 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in New York Mortgage Trust by 1.3% in the first quarter. Van ECK Associates Corp now owns 578,929 shares of the real estate investment trust’s stock valued at $4,168,000 after acquiring an additional 7,316 shares during the period. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on NYMT shares. B. Riley reissued a “buy” rating and issued a $11.00 target price (down previously from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th. StockNews.com downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. UBS Group reduced their target price on New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods reduced their target price on New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating for the company in a report on Friday, May 3rd.

New York Mortgage Trust Stock Performance

NASDAQ:NYMT opened at $5.99 on Wednesday. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 5.03. New York Mortgage Trust, Inc. has a 52-week low of $5.65 and a 52-week high of $10.63. The stock has a fifty day simple moving average of $6.05 and a 200-day simple moving average of $7.02.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.42). The firm had revenue of $83.89 million for the quarter, compared to analyst estimates of $19.64 million. New York Mortgage Trust had a negative return on equity of 2.60% and a negative net margin of 44.65%. During the same period last year, the firm earned $0.11 EPS. Equities research analysts predict that New York Mortgage Trust, Inc. will post -0.46 earnings per share for the current year.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 29th. Investors of record on Friday, June 28th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 13.36%. The ex-dividend date of this dividend is Thursday, June 27th. New York Mortgage Trust’s dividend payout ratio is presently -43.24%.

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.