Bank of New York Mellon Corp Grows Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Bank of New York Mellon Corp boosted its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 19.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 792,444 shares of the real estate investment trust’s stock after buying an additional 129,079 shares during the period. Bank of New York Mellon Corp owned 0.87% of New York Mortgage Trust worth $4,802,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NYMT. Allspring Global Investments Holdings LLC grew its position in shares of New York Mortgage Trust by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust’s stock worth $22,311,000 after purchasing an additional 12,237 shares in the last quarter. State Street Corp grew its holdings in New York Mortgage Trust by 1.6% during the 3rd 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 in the last quarter. Geode Capital Management LLC raised its position in shares of New York Mortgage Trust by 0.4% during the third 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 buying an additional 10,017 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of New York Mortgage Trust by 9.9% in the fourth quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust’s stock worth $4,900,000 after buying an additional 72,946 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of New York Mortgage Trust by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 439,263 shares of the real estate investment trust’s stock worth $2,662,000 after acquiring an additional 12,275 shares during the last quarter. 54.89% of the stock is owned by institutional investors.

New York Mortgage Trust Price Performance

NYMT stock opened at $6.81 on Tuesday. New York Mortgage Trust, Inc. has a 52 week low of $5.14 and a 52 week high of $7.40. The firm has a market capitalization of $616.76 million, a P/E ratio of -5.97 and a beta of 1.93. The company has a fifty day simple moving average of $6.29 and a two-hundred day simple moving average of $6.14. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.47). New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The company had revenue of $26.71 million during the quarter, compared to analysts’ expectations of $20.06 million. Analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

NYMT has been the topic of several research analyst reports. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. B. Riley decreased 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. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, New York Mortgage Trust presently has a consensus rating of “Hold” and a consensus target price of $7.00.

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.