SG Americas Securities LLC Boosts Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

SG Americas Securities LLC boosted its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 90.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,106 shares of the real estate investment trust’s stock after buying an additional 23,750 shares during the period. SG Americas Securities LLC owned 0.05% of New York Mortgage Trust worth $317,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Waterfall Asset Management LLC purchased a new stake in shares of New York Mortgage Trust in the second quarter valued at approximately $1,727,000. Los Angeles Capital Management LLC purchased a new stake in shares of New York Mortgage Trust in the second quarter valued at approximately $630,000. Mirae Asset Global Investments Co. Ltd. grew its position in shares of 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 valued at $6,003,000 after purchasing an additional 6,148 shares in the last quarter. Sei Investments Co. grew its position in shares of New York Mortgage Trust by 11.8% in the first quarter. Sei Investments Co. now owns 73,072 shares of the real estate investment trust’s stock valued at $526,000 after purchasing an additional 7,728 shares in the last quarter. Finally, Van ECK Associates Corp grew its position in shares of New York Mortgage Trust by 1.3% in the first quarter. Van ECK Associates Corp now owns 578,929 shares of the real estate investment trust’s stock valued at $4,168,000 after purchasing an additional 7,316 shares in the last quarter. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust Price Performance

NYMT stock opened at $5.58 on Friday. The firm has a 50 day moving average of $6.29 and a 200-day moving average of $6.34. New York Mortgage Trust, Inc. has a 12-month low of $5.40 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. The company has a market cap of $509.05 million, a price-to-earnings ratio of -3.02 and a beta of 1.94.

New York Mortgage Trust Announces Dividend

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

Analyst Ratings Changes

NYMT has been the topic of a number of recent analyst reports. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday, September 28th. Janney Montgomery Scott started 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 on the stock. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $7.75.

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.