Geode Capital Management LLC Raises Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Geode Capital Management LLC increased its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 0.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,261,614 shares of the real estate investment trust’s stock after purchasing an additional 10,017 shares during the quarter. Geode Capital Management LLC owned 2.50% of New York Mortgage Trust worth $14,320,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. State Street Corp raised its position in New York Mortgage Trust by 1.6% in the 3rd quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust’s stock worth $22,820,000 after purchasing an additional 54,597 shares during the period. EMG Holdings L.P. grew its holdings in New York Mortgage Trust by 103.8% in the 2nd quarter. EMG Holdings L.P. now owns 1,199,850 shares of the real estate investment trust’s stock worth $7,007,000 after acquiring an additional 610,971 shares during the last quarter. 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 worth $4,592,000 after acquiring an additional 207,344 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in New York Mortgage Trust by 5.9% in the 2nd 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 acquiring an additional 42,007 shares during the last quarter. Finally, Waterfall Asset Management LLC bought a new stake in New York Mortgage Trust in the 2nd quarter worth $1,727,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.75.

New York Mortgage Trust Price Performance

Shares of New York Mortgage Trust stock opened at $5.77 on Tuesday. The company’s fifty day simple moving average is $5.93 and its two-hundred day simple moving average is $6.15. The firm has a market cap of $522.64 million, a PE ratio of -17.48 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. New York Mortgage Trust, Inc. has a 12-month low of $5.14 and a 12-month high of $8.61.

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.86%. The ex-dividend date is Friday, December 20th. New York Mortgage Trust’s payout ratio is -242.42%.

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.