11,953 Shares in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC purchased a new stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 11,953 shares of the real estate investment trust’s stock, valued at approximately $76,000.

Several other hedge funds have also added to or reduced their stakes in NYMT. EMG Holdings L.P. grew its position in shares of New York Mortgage Trust by 103.8% in the second 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. Waterfall Asset Management LLC acquired a new position in New York Mortgage Trust in the 2nd quarter valued at $1,727,000. Van ECK Associates Corp grew its holdings in New York Mortgage Trust by 35.8% in the 2nd quarter. Van ECK Associates Corp now owns 786,273 shares of the real estate investment trust’s stock valued at $4,592,000 after buying an additional 207,344 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in New York Mortgage Trust during the 2nd quarter worth $630,000. Finally, Bank of New York Mellon Corp lifted its holdings in shares of New York Mortgage Trust by 5.9% during 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 buying an additional 42,007 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

New York Mortgage Trust Stock Up 2.9 %

Shares of NASDAQ:NYMT opened at $5.60 on Thursday. New York Mortgage Trust, Inc. has a 1 year low of $5.14 and a 1 year high of $9.67. The company has a debt-to-equity ratio of 6.30, a current ratio of 6.46 and a quick ratio of 6.46. The business’s 50-day moving average is $6.13 and its 200-day moving average is $6.23. The company has a market capitalization of $507.25 million, a price-to-earnings ratio of -3.24 and a beta of 1.94.

New York Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.29%. The ex-dividend date was Monday, September 30th. New York Mortgage Trust’s dividend payout ratio is currently -46.24%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports 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. Janney Montgomery Scott began coverage on New York Mortgage Trust in a research report on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price 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.