Jane Street Group LLC Buys 24,430 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Jane Street Group LLC increased its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 17.5% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 164,388 shares of the real estate investment trust’s stock after acquiring an additional 24,430 shares during the quarter. Jane Street Group LLC owned about 0.18% of New York Mortgage Trust worth $1,041,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of NYMT. Sequoia Financial Advisors LLC bought a new position in shares of New York Mortgage Trust during the third quarter worth $76,000. Calton & Associates Inc. purchased a new stake in New York Mortgage Trust during the third quarter valued at $82,000. AQR Capital Management LLC purchased a new stake in New York Mortgage Trust during the second quarter valued at $83,000. Evergreen Capital Management LLC purchased a new stake in New York Mortgage Trust during the second quarter valued at $83,000. Finally, Wolverine Trading LLC purchased a new stake in New York Mortgage Trust during the third quarter valued at $101,000. Institutional investors own 54.89% of the company’s stock.

Wall Street Analysts Forecast Growth

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 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’s stock. According to MarketBeat.com, the company has a consensus 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 has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. The business has a 50 day simple moving average of $5.93 and a two-hundred day simple moving average of $6.15. The stock has a market capitalization of $522.64 million, a P/E ratio of -17.48 and a beta of 1.94. 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th will be issued 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 of this dividend is Friday, December 20th. New York Mortgage Trust’s dividend payout ratio is presently -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.