Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of New York Mortgage Trust, Inc. (NASDAQ: NYMTGet a rating) during Q1, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,577,423 shares of the real estate investment trust, valued at approximately $9,408,000. Mirae Asset Global Investments Co. Ltd. held 0.68% of New York Mortgage Trust when it last filed with the SEC.

A number of other institutional investors have also been buying and selling stocks recently. CWM LLC increased its stake in New York Mortgage Trust to 92.9% in the first quarter. CWM LLC now owns 7,386 shares of the real estate investment trust worth $27,000 after purchasing an additional 3,558 shares in the last quarter. Sciencast Management LP purchased a new stake in shares of New York Mortgage Trust during Q1 for a value of approximately $43,000. GPS Wealth Strategies Group LLC bought a new position in New York Mortgage Trust during Q1 for $51,000. GHP Investment Advisors Inc. bought a new position in New York Mortgage Trust in Q4, valued at $56,000. Finally, Catalyst Capital Advisors LLC increased its position in New York Mortgage Trust by 33.4% in the 4th quarter. Catalyst Capital Advisors LLC now owns 18,200 shares of the real estate investment trust worth $68,000 after acquiring 4,560 additional shares in the last quarter. 54.25% of the shares are currently held by institutional investors.

New York Mortgage Trust Stock Performance

Shares of NYMT Stock opened at $2.94 on Friday. The company has a market capitalization of $1.12 billion, a price-earnings ratio of -10.50 and a beta of 1.70. New York Mortgage Trust, Inc. has a 52-week minimum of $2.24 and a 52-week maximum of $4.50. The company has a quick ratio of 3.87, a current ratio of 3.87 and a debt ratio of 2.30. The company’s 50-day moving average is $2.84 and its 200-day moving average is $3.19.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 25. Shareholders of record on Monday, June 27 received a dividend of $0.10. The ex-dividend date was Friday, June 24. This represents a dividend of $0.40 on an annualized basis and a dividend yield of 13.61%. New York Mortgage Trust’s dividend payout ratio is currently -142.85%.

Changes to analyst ratings

Several analysts have recently weighed in on NYMT stocks. Jonestrading lowered its price target on New York Mortgage Trust from $4.25 to $4.00 and set a “buy” rating for the company in a Thursday, August 4 research report. Keefe, Bruyette & Woods downgraded New York Mortgage Trust shares from an “outperforming” rating to a “market performance” rating and set a target price of $3.00 for the stock. in a Monday July 18 research note. TheStreet downgraded shares of New York Mortgage Trust from a “c-” rating to a “d+” rating in a Wednesday, August 3 research report. StockNews.com downgraded the New York Mortgage Trust from a “hold” rating to a “sell” rating in a Tuesday, May 10, report. Finally, Barclays cut its price target on New York Mortgage Trust from $3.50 to $3.00 and set an “equal weight” rating on the stock in a Monday July 18 report. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned the stock a buy rating. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $3.71.

New York Mortgage Trust Company Profile

(Get a rating)

New York Mortgage Trust, Inc. acquires, invests, finances and manages single-family and multi-family residential mortgage-related assets in the United States. Its focused investments include residential loans, second mortgages and business loans; structured multifamily real estate investments, such as preferred stock and mezzanine loans to owners of multifamily properties, as well as joint venture equity investments in multifamily properties; residential non-agency mortgage-backed securities (RMBS); Agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgages, residential housing and credit-related assets.

Further reading

Want to see what other hedge funds hold NYMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for New York Mortgage Trust, Inc. (NASDAQ: NYMTGet a rating).

Institutional ownership by quarter for New York Mortgage Trust (NASDAQ:NYMT)



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