AQR Capital Management LLC Acquires Shares of 14,215 New York Mortgage Trust, Inc. (NASDAQ:NYMT)

AQR Capital Management LLC acquired a new stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,215 shares of the real estate investment trust’s stock, valued at approximately $83,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Evergreen Capital Management LLC bought a new position in shares of New York Mortgage Trust during the 2nd quarter valued at about $83,000. Intech Investment Management LLC bought a new position in shares of New York Mortgage Trust in the 2nd quarter valued at about $122,000. Squarepoint Ops LLC bought a new position in shares of New York Mortgage Trust in the 2nd quarter valued at about $136,000. SG Americas Securities LLC bought a new position in shares of New York Mortgage Trust in the 2nd quarter valued at about $154,000. Finally, Sax Wealth Advisors LLC bought a new position in shares of New York Mortgage Trust in the 1st quarter valued at about $168,000. Institutional investors own 54.89% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NYMT shares. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Janney Montgomery Scott began 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. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $7.75.

New York Mortgage Trust Stock Performance

Shares of NASDAQ:NYMT opened at $5.58 on Friday. The firm has a market cap of $509.05 million, a PE ratio of -3.02 and a beta of 1.94. The firm’s 50 day simple moving average is $6.29 and its 200-day simple moving average is $6.34. New York Mortgage Trust, Inc. has a one year low of $5.40 and a one year 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.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 14.34%. The ex-dividend date is Monday, September 30th. New York Mortgage Trust’s payout ratio is -43.24%.

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.