Barclays PLC Acquires 117,206 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Barclays PLC lifted its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 347.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 150,946 shares of the real estate investment trust’s stock after purchasing an additional 117,206 shares during the quarter. Barclays PLC owned about 0.17% of New York Mortgage Trust worth $955,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. State Street Corp boosted its holdings in shares of New York Mortgage Trust by 1.6% in the third quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust’s stock valued at $22,820,000 after buying an additional 54,597 shares during the period. Geode Capital Management LLC raised its stake in shares of New York Mortgage Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock valued at $14,320,000 after purchasing an additional 10,017 shares during the period. EMG Holdings L.P. raised its stake 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 valued at $7,007,000 after purchasing an additional 610,971 shares during the period. Waterfall Asset Management LLC bought a new stake in shares of New York Mortgage Trust in the second quarter valued at about $1,727,000. Finally, Public Sector Pension Investment Board boosted its position in shares of New York Mortgage Trust by 6.7% during the second quarter. Public Sector Pension Investment Board now owns 200,708 shares of the real estate investment trust’s stock worth $1,172,000 after buying an additional 12,528 shares during the period. 54.89% of the stock is owned by institutional investors.

New York Mortgage Trust Price Performance

Shares of NYMT opened at $5.82 on Wednesday. The firm has a market capitalization of $527.17 million, a PE ratio of -17.64 and a beta of 1.92. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. The company’s 50-day moving average is $6.05 and its 200-day moving average is $6.15. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $8.51.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.80 annualized dividend and a yield of 13.75%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -242.42%.

Analyst Ratings Changes

A number of brokerages recently issued reports on NYMT. B. Riley dropped their target price on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.00.

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.