Nisa Investment Advisors LLC Sells 35,800 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Nisa Investment Advisors LLC lessened its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 57.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,809 shares of the real estate investment trust’s stock after selling 35,800 shares during the quarter. Nisa Investment Advisors LLC’s holdings in New York Mortgage Trust were worth $171,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. McIlrath & Eck LLC bought a new stake in New York Mortgage Trust during the 3rd quarter worth about $62,000. Sequoia Financial Advisors LLC acquired a new stake in shares of New York Mortgage Trust during the 3rd quarter worth approximately $76,000. Calton & Associates Inc. bought a new stake in shares of New York Mortgage Trust during the third quarter worth approximately $82,000. AQR Capital Management LLC acquired a new position in New York Mortgage Trust in the second quarter valued at approximately $83,000. Finally, Wolverine Trading LLC bought a new position in New York Mortgage Trust in the third quarter valued at approximately $101,000. Institutional investors own 54.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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. B. Riley dropped their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust Price Performance

Shares of NYMT stock opened at $6.04 on Friday. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 7.24. New York Mortgage Trust, Inc. has a 12-month low of $5.14 and a 12-month high of $8.17. The firm has a fifty day moving average of $6.07 and a 200-day moving average of $6.14. The firm has a market capitalization of $547.10 million, a price-to-earnings ratio of -18.30 and a beta of 1.92.

New York Mortgage Trust (NASDAQ:NYMT) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.33. The firm had revenue of $108.36 million during the quarter, compared to analysts’ expectations of $22.10 million. New York Mortgage Trust had a return on equity of 0.48% and a net margin of 3.11%. During the same period in the previous year, the firm earned $0.12 earnings per share. On average, equities research analysts forecast that New York Mortgage Trust, Inc. will post -0.47 earnings per share for the current year.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a yield of 13.25%. New York Mortgage Trust’s payout ratio is -242.42%.

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.