Rhumbline Advisers Lowers Stock Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Rhumbline Advisers decreased its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 1.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 274,021 shares of the real estate investment trust’s stock after selling 4,753 shares during the quarter. Rhumbline Advisers owned about 0.30% of New York Mortgage Trust worth $1,600,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NYMT. SG Americas Securities LLC acquired a new position in New York Mortgage Trust in the second quarter valued at $154,000. Sax Wealth Advisors LLC acquired a new position in New York Mortgage Trust in the 1st quarter valued at about $168,000. SageView Advisory Group LLC purchased a new stake in New York Mortgage Trust during the 1st quarter valued at approximately $178,000. Teacher Retirement System of Texas acquired a new stake in New York Mortgage Trust during the 4th quarter worth approximately $201,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of New York Mortgage Trust by 2.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 69,223 shares of the real estate investment trust’s stock valued at $418,000 after purchasing an additional 1,634 shares during the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

Analyst Ratings Changes

NYMT has been the subject of several analyst reports. Janney Montgomery Scott began coverage on New York Mortgage Trust in a research note on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price target for the company. StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.75.

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $6.74 on Friday. The stock has a market capitalization of $614.88 million, a price-to-earnings ratio of -3.70 and a beta of 1.94. The business’s 50 day moving average is $6.49 and its two-hundred day moving average is $6.51. New York Mortgage Trust, Inc. has a 12-month low of $5.51 and a 12-month high of $9.67. The company has a current ratio of 6.46, a quick ratio of 6.46 and a debt-to-equity ratio of 6.30.

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.