EMG Holdings L.P. Has $7.01 Million Stock Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

EMG Holdings L.P. increased its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 103.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,199,850 shares of the real estate investment trust’s stock after buying an additional 610,971 shares during the quarter. New York Mortgage Trust accounts for about 3.4% of EMG Holdings L.P.’s investment portfolio, making the stock its 3rd largest position. EMG Holdings L.P. owned 1.32% of New York Mortgage Trust worth $7,007,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also modified their holdings of NYMT. Charles Schwab Investment Management Inc. boosted its stake in New York Mortgage Trust by 9.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,527,776 shares of the real estate investment trust’s stock worth $13,032,000 after purchasing an additional 132,162 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in New York Mortgage Trust by 0.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 833,702 shares of the real estate investment trust’s stock worth $6,003,000 after purchasing an additional 6,148 shares in the last quarter. Van ECK Associates Corp boosted its stake in New York Mortgage Trust by 35.8% in the second quarter. Van ECK Associates Corp now owns 786,273 shares of the real estate investment trust’s stock worth $4,592,000 after purchasing an additional 207,344 shares in the last quarter. Bank of New York Mellon Corp boosted 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 worth $4,439,000 after purchasing an additional 42,007 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in New York Mortgage Trust in the second quarter worth $630,000. Institutional investors own 54.89% of the company’s stock.

Analyst Ratings Changes

NYMT has been the topic of a number of recent analyst reports. Janney Montgomery Scott initiated coverage on New York Mortgage Trust in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 price objective on the stock. StockNews.com lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.75.

New York Mortgage Trust Trading Up 0.1 %

NYMT stock opened at $6.85 on Friday. The company has a market cap of $624.91 million, a P/E ratio of -3.70 and a beta of 1.94. New York Mortgage Trust, Inc. has a twelve month low of $5.51 and a twelve month high of $9.67. The company has a quick ratio of 6.46, a current ratio of 6.46 and a debt-to-equity ratio of 6.30. The business has a fifty day moving average of $6.48 and a 200-day moving average of $6.51.

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.