Rhumbline Advisers Acquires 14,104 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Rhumbline Advisers raised its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 277,123 shares of the real estate investment trust’s stock after buying an additional 14,104 shares during the quarter. Rhumbline Advisers owned about 0.31% of New York Mortgage Trust worth $1,679,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in New York Mortgage Trust in the 4th quarter valued at approximately $49,000. McIlrath & Eck LLC bought a new stake in New York Mortgage Trust during the third quarter worth about $62,000. Wolverine Trading LLC acquired a new position in shares of New York Mortgage Trust during the 3rd quarter worth approximately $101,000. Entropy Technologies LP increased its holdings in New York Mortgage Trust by 53.9% during the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 6,700 shares during the last quarter. Finally, First Trust Direct Indexing L.P. increased its holdings in New York Mortgage Trust by 22.7% during 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 buying an additional 4,376 shares during the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on NYMT shares. B. Riley decreased their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Sunday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, New York Mortgage Trust has an average rating of “Hold” and an average target price of $7.00.

New York Mortgage Trust Stock Down 1.5 %

Shares of NYMT opened at $6.76 on Wednesday. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. New York Mortgage Trust, Inc. has a 52 week low of $5.14 and a 52 week high of $7.40. The stock has a market capitalization of $612.23 million, a price-to-earnings ratio of -5.93 and a beta of 1.92. The stock has a fifty day moving average of $6.15 and a 200-day moving average of $6.12.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.47). The business had revenue of $26.71 million during the quarter, compared to analyst estimates of $20.06 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. As a group, sell-side analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a yield of 11.83%. New York Mortgage Trust’s payout ratio is currently -70.18%.

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.