SG Americas Securities LLC Has $234,000 Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

SG Americas Securities LLC lowered its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 22.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,653 shares of the real estate investment trust’s stock after selling 11,453 shares during the quarter. SG Americas Securities LLC’s holdings in New York Mortgage Trust were worth $234,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NYMT. The Manufacturers Life Insurance Company lifted its stake in shares of New York Mortgage Trust by 5.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust’s stock valued at $211,000 after purchasing an additional 1,901 shares during the period. First Trust Direct Indexing L.P. raised its stake in shares of New York Mortgage Trust by 22.7% in the third quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust’s stock worth $150,000 after purchasing an additional 4,376 shares during the last quarter. Entropy Technologies LP lifted its stake in New York Mortgage Trust by 53.9% during the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 6,700 shares in the last quarter. McIlrath & Eck LLC purchased a new position in New York Mortgage Trust during the third quarter worth about $62,000. Finally, Geode Capital Management LLC increased its position in shares of New York Mortgage Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock valued at $14,320,000 after acquiring an additional 10,017 shares during the last quarter. 54.89% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Wednesday. B. Riley decreased 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 report on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust Stock Performance

Shares of NYMT stock opened at $6.17 on Friday. The stock has a 50 day moving average price of $6.06 and a two-hundred day moving average price of $6.12. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $7.68. The company has a market capitalization of $558.87 million, a P/E ratio of -18.70 and a beta of 1.92. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 12.97%. The ex-dividend date was Friday, December 20th. New York Mortgage Trust’s payout ratio is -242.42%.

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.