Yousif Capital Management LLC Cuts Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Yousif Capital Management LLC cut its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,995 shares of the real estate investment trust’s stock after selling 1,860 shares during the period. Yousif Capital Management LLC’s holdings in New York Mortgage Trust were worth $212,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. McIlrath & Eck LLC purchased a new stake in New York Mortgage Trust in the 3rd quarter worth approximately $62,000. Sequoia Financial Advisors LLC purchased a new position in shares of New York Mortgage Trust in the third quarter worth about $76,000. Calton & Associates Inc. purchased a new position in New York Mortgage Trust during the third quarter worth approximately $82,000. Wolverine Trading LLC purchased a new stake in shares of New York Mortgage Trust in the third quarter valued at about $101,000. Finally, Entropy Technologies LP raised its position in shares of 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 buying an additional 6,700 shares during the period. 54.89% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust Stock Up 1.0 %

Shares of NASDAQ:NYMT opened at $6.15 on Tuesday. The firm has a fifty day moving average price of $6.05 and a 200 day moving average price of $6.09. 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 stock has a market cap of $557.07 million, a P/E ratio of -18.64 and a beta of 1.92. New York Mortgage Trust, Inc. has a 1-year low of $5.14 and a 1-year high of $7.64.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 annualized dividend and a yield of 13.01%. New York Mortgage Trust’s dividend payout ratio is currently -242.42%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Friday. B. Riley lowered their target price on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, New York Mortgage Trust presently has an average rating of “Hold” and a consensus price target 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.