Waterfall Asset Management LLC Purchases Shares of 295,800 New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Waterfall Asset Management LLC bought a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 295,800 shares of the real estate investment trust’s stock, valued at approximately $1,727,000. New York Mortgage Trust accounts for 1.2% of Waterfall Asset Management LLC’s investment portfolio, making the stock its 12th biggest position. Waterfall Asset Management LLC owned about 0.32% of New York Mortgage Trust at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 purchasing an additional 132,162 shares during the period. EMG Holdings L.P. boosted its holdings in shares of New York Mortgage Trust by 103.8% in the 2nd quarter. EMG Holdings L.P. now owns 1,199,850 shares of the real estate investment trust’s stock worth $7,007,000 after purchasing an additional 610,971 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 purchasing an additional 6,148 shares during the period. Van ECK Associates Corp boosted its holdings in shares of New York Mortgage Trust by 35.8% in the 2nd quarter. Van ECK Associates Corp now owns 786,273 shares of the real estate investment trust’s stock worth $4,592,000 after purchasing an additional 207,344 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of New York Mortgage Trust by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 760,054 shares of the real estate investment trust’s stock worth $4,439,000 after purchasing an additional 42,007 shares during the period. Hedge funds and other institutional investors own 54.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on NYMT. Janney Montgomery Scott started coverage on New York Mortgage Trust in a report on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 target price for the company. StockNews.com lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, New York Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $7.75.

New York Mortgage Trust Price Performance

Shares of NYMT stock opened at $6.74 on Friday. New York Mortgage Trust, Inc. has a 52-week low of $5.51 and a 52-week high of $9.67. The company has a debt-to-equity ratio of 6.30, a quick ratio of 6.46 and a current ratio of 6.46. The firm has a market capitalization of $614.88 million, a P/E ratio of -3.64 and a beta of 1.94. The stock has a 50 day moving average price of $6.50 and a 200 day moving average price of $6.50.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 11.87%. The ex-dividend date of this dividend is Monday, September 30th. New York Mortgage Trust’s dividend payout ratio is -43.24%.

New York Mortgage Trust 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.