Squarepoint Ops LLC Makes New $136,000 Investment in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Squarepoint Ops LLC purchased a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 23,310 shares of the real estate investment trust’s stock, valued at approximately $136,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of NYMT. EMG Holdings L.P. lifted its stake in 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 last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of New York Mortgage Trust by 0.7% during the 1st 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 acquiring an additional 6,148 shares during the period. Van ECK Associates Corp increased its holdings in shares of New York Mortgage Trust by 35.8% during the 2nd quarter. Van ECK Associates Corp now owns 786,273 shares of the real estate investment trust’s stock worth $4,592,000 after acquiring an additional 207,344 shares during the last quarter. Bank of New York Mellon Corp raised its stake in New York Mortgage Trust by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 760,054 shares of the real estate investment trust’s stock valued at $4,439,000 after acquiring an additional 42,007 shares during the period. Finally, Waterfall Asset Management LLC acquired a new stake in New York Mortgage Trust during the 2nd quarter valued at $1,727,000. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Price Performance

NASDAQ:NYMT opened at $5.47 on Monday. New York Mortgage Trust, Inc. has a 52 week low of $5.46 and a 52 week high of $9.67. The company has a debt-to-equity ratio of 6.30, a quick ratio of 6.46 and a current ratio of 6.46. The firm’s 50-day simple moving average is $6.34 and its 200 day simple moving average is $6.38. The firm has a market cap of $499.02 million, a price-to-earnings ratio of -2.96 and a beta of 1.94.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 14.63%. The ex-dividend date is Monday, September 30th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -43.24%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on NYMT shares. Janney Montgomery Scott initiated coverage on shares of New York Mortgage Trust in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 price objective on the stock. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.75.

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.