Intech Investment Management LLC Acquires 19,165 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Intech Investment Management LLC boosted its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 91.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,113 shares of the real estate investment trust’s stock after buying an additional 19,165 shares during the period. Intech Investment Management LLC’s holdings in New York Mortgage Trust were worth $254,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in NYMT. Sequoia Financial Advisors LLC acquired a new stake in New York Mortgage Trust in the third quarter worth $76,000. Calton & Associates Inc. purchased a new position in shares of New York Mortgage Trust in the 3rd quarter worth about $82,000. Evergreen Capital Management LLC bought a new position in New York Mortgage Trust during the second quarter valued at $83,000. AQR Capital Management LLC bought a new position in shares of New York Mortgage Trust during the 2nd quarter worth $83,000. Finally, Entropy Technologies LP grew its stake in New York Mortgage Trust by 53.9% in the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. 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 target price for the company. StockNews.com cut New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $7.75.

New York Mortgage Trust Trading Up 1.5 %

NYMT opened at $6.18 on Friday. New York Mortgage Trust, Inc. has a 52 week low of $5.14 and a 52 week high of $9.67. The stock has a market cap of $559.78 million, a PE ratio of -18.73 and a beta of 1.94. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 7.24. The business has a 50 day moving average of $5.81 and a 200-day moving average of $6.12.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were given a $0.20 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.94%. New York Mortgage Trust’s dividend payout ratio is currently -242.42%.

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.