New York Mortgage Trust, Inc. (NYMT) Stake Increased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 3.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,684,792 shares of the real estate investment trust’s stock after acquiring an additional 169,079 shares during the quarter. Vanguard Group Inc. owned about 4.19% of New York Mortgage Trust worth $29,139,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NYMT. American International Group Inc. boosted its holdings in shares of New York Mortgage Trust by 7.1% during the 1st quarter. American International Group Inc. now owns 67,761 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 4,475 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of New York Mortgage Trust by 1.0% during the 1st quarter. Wellington Management Group LLP now owns 68,865 shares of the real estate investment trust’s stock valued at $425,000 after acquiring an additional 707 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of New York Mortgage Trust by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 185,746 shares of the real estate investment trust’s stock valued at $1,146,000 after acquiring an additional 3,870 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of New York Mortgage Trust by 1.2% during the 1st quarter. California Public Employees Retirement System now owns 563,400 shares of the real estate investment trust’s stock valued at $3,476,000 after acquiring an additional 6,600 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of New York Mortgage Trust by 11.5% during the 1st quarter. Geode Capital Management LLC now owns 918,770 shares of the real estate investment trust’s stock valued at $5,668,000 after acquiring an additional 94,769 shares during the last quarter. 36.19% of the stock is currently owned by hedge funds and other institutional investors.

New York Mortgage Trust, Inc. (NASDAQ NYMT) opened at $6.20 on Friday. New York Mortgage Trust, Inc. has a one year low of $5.90 and a one year high of $7.04. The company has a quick ratio of 74.43, a current ratio of 71.04 and a debt-to-equity ratio of 13.26. The firm has a market cap of $693.49, a P/E ratio of 11.48 and a beta of 1.36.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 25th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 12.90%. The ex-dividend date of this dividend was Friday, September 22nd. New York Mortgage Trust’s dividend payout ratio (DPR) is presently 148.15%.

A number of analysts have recently issued reports on NYMT shares. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Wednesday, October 11th. BidaskClub cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Keefe, Bruyette & Woods set a $6.00 price objective on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research note on Monday, August 14th. Barclays PLC increased their price objective on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 10th. Finally, B. Riley reiterated a “neutral” rating and issued a $6.25 price objective on shares of New York Mortgage Trust in a research note on Tuesday, November 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $6.35.

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New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

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Institutional Ownership by Quarter for New York Mortgage Trust (NASDAQ:NYMT)

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