Amalgamated Bank Sells 2,633 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Amalgamated Bank lowered its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 8.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 27,095 shares of the real estate investment trust’s stock after selling 2,633 shares during the quarter. Amalgamated Bank’s holdings in New York Mortgage Trust were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC acquired a new stake in shares of New York Mortgage Trust during the second quarter worth about $630,000. Van ECK Associates Corp raised its holdings in New York Mortgage Trust by 35.8% during 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 buying an additional 207,344 shares during the period. Bank of New York Mellon Corp lifted its stake in New York Mortgage Trust by 5.9% in the second quarter. Bank of New York Mellon Corp now owns 760,054 shares of the real estate investment trust’s stock valued at $4,439,000 after buying an additional 42,007 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in shares of New York Mortgage Trust by 2.4% in the second quarter. Nisa Investment Advisors LLC now owns 69,223 shares of the real estate investment trust’s stock valued at $418,000 after buying an additional 1,634 shares during the period. Finally, SG Americas Securities LLC bought a new stake in shares of New York Mortgage Trust during the second quarter worth $154,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on NYMT. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday. Janney Montgomery Scott initiated coverage on New York Mortgage Trust in a research report on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price target for the company. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.75.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT opened at $6.12 on Wednesday. The company has a debt-to-equity ratio of 6.30, a current ratio of 6.46 and a quick ratio of 6.46. The business has a 50-day moving average of $6.46 and a 200-day moving average of $6.46. The stock has a market capitalization of $558.32 million, a price-to-earnings ratio of -3.31 and a beta of 1.94. New York Mortgage Trust, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $9.67.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.07%. The ex-dividend date of this dividend is Monday, September 30th. New York Mortgage Trust’s dividend payout ratio (DPR) is -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.