New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Purchased by State Street Corp

State Street Corp boosted its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 1.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,495,306 shares of the real estate investment trust’s stock after buying an additional 54,597 shares during the quarter. State Street Corp owned approximately 3.86% of New York Mortgage Trust worth $22,820,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Waterfall Asset Management LLC acquired a new stake in shares of New York Mortgage Trust in the second quarter worth approximately $1,727,000. Los Angeles Capital Management LLC purchased a new position in New York Mortgage Trust in the 2nd quarter valued at $630,000. Intech Investment Management LLC lifted its holdings in New York Mortgage Trust by 91.5% in the 3rd quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust’s stock valued at $254,000 after purchasing an additional 19,165 shares in the last quarter. AQR Capital Management LLC acquired a new stake in New York Mortgage Trust during the 2nd quarter worth $83,000. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of New York Mortgage Trust during the third quarter worth $76,000. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of 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 given a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $7.75.

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $5.94 on Monday. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25. The stock’s fifty day moving average is $5.91 and its two-hundred day moving average is $6.15. The firm has a market capitalization of $538.04 million, a P/E ratio of -18.00 and a beta of 1.94. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $8.89.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 13.47%. New York Mortgage Trust’s payout ratio is -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.