New York Mortgage Trust, Inc. (NASDAQ:NYMT) Holdings Lowered by Principal Financial Group Inc.

Principal Financial Group Inc. cut its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 426,988 shares of the real estate investment trust’s stock after selling 22,972 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of New York Mortgage Trust worth $2,703,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. McIlrath & Eck LLC acquired a new stake in New York Mortgage Trust in the third quarter worth approximately $62,000. Sequoia Financial Advisors LLC bought a new stake in shares of New York Mortgage Trust in the 3rd quarter worth $76,000. Calton & Associates Inc. acquired a new stake in shares of New York Mortgage Trust in the third quarter valued at $82,000. Evergreen Capital Management LLC acquired a new stake in shares of New York Mortgage Trust in the second quarter valued at $83,000. Finally, AQR Capital Management LLC bought a new position in New York Mortgage Trust during the second quarter valued at about $83,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.75.

New York Mortgage Trust Price Performance

Shares of NASDAQ:NYMT opened at $6.31 on Friday. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25. The company has a market capitalization of $571.55 million, a PE ratio of -19.12 and a beta of 1.94. The stock has a fifty day moving average of $6.01 and a 200-day moving average of $6.15. New York Mortgage Trust, Inc. has a one year low of $5.14 and a one year high of $8.61.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, December 20th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.68%. New York Mortgage Trust’s dividend payout ratio (DPR) is -242.42%.

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.