New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 43.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,546 shares of the real estate investment trust’s stock after selling 32,544 shares during the period. JPMorgan Chase & Co.’s holdings in New York Mortgage Trust were worth $269,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. State Street Corp grew its stake in New York Mortgage Trust by 1.6% in the third 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 in the last quarter. Geode Capital Management LLC lifted its holdings in New York Mortgage Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock worth $14,320,000 after buying an additional 10,017 shares during the last quarter. Jane Street Group LLC grew its position in shares of New York Mortgage Trust by 17.5% in the 3rd quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock worth $1,041,000 after acquiring an additional 24,430 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of New York Mortgage Trust by 16.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,514 shares of the real estate investment trust’s stock valued at $991,000 after acquiring an additional 21,676 shares in the last quarter. Finally, Barclays PLC lifted its stake in New York Mortgage Trust by 347.4% during the third quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust’s stock worth $955,000 after purchasing an additional 117,206 shares during the last quarter. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Trading Up 2.0 %

New York Mortgage Trust stock opened at $6.04 on Friday. New York Mortgage Trust, Inc. has a 52-week low of $5.14 and a 52-week high of $8.17. 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 firm has a market capitalization of $547.10 million, a price-to-earnings ratio of -18.30 and a beta of 1.92. The firm has a 50-day moving average price of $6.07 and a two-hundred day moving average price of $6.14.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.33. New York Mortgage Trust had a return on equity of 0.48% and a net margin of 3.11%. The business had revenue of $108.36 million during the quarter, compared to the consensus estimate of $22.10 million. During the same period in the previous year, the firm posted $0.12 earnings per share. Sell-side analysts expect that New York Mortgage Trust, Inc. will post -0.47 earnings per share for the current year.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were paid a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 13.25%. New York Mortgage Trust’s payout ratio is -242.42%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on NYMT shares. StockNews.com lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. B. Riley dropped their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, New York Mortgage Trust presently has an average rating of “Hold” and a consensus target price of $7.00.

New York Mortgage Trust 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.