Systematic Financial Management LP decreased its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 257,335 shares of the real estate investment trust’s stock after selling 180 shares during the period. Systematic Financial Management LP owned about 0.23% of New York Mortgage Trust worth $1,588,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. increased its stake in New York Mortgage Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,473 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 218 shares during the last quarter. Prospera Financial Services Inc increased its stake in New York Mortgage Trust by 6.9% in the first quarter. Prospera Financial Services Inc now owns 21,930 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,425 shares during the last quarter. Quantbot Technologies LP purchased a new stake in New York Mortgage Trust during the first quarter worth $142,000. Wellington Shields & Co. LLC increased its stake in New York Mortgage Trust by 29.2% in the first quarter. Wellington Shields & Co. LLC now owns 31,000 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 7,000 shares during the last quarter. Finally, GSA Capital Partners LLP increased its stake in New York Mortgage Trust by 21.3% in the fourth quarter. GSA Capital Partners LLP now owns 41,600 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 7,300 shares during the last quarter. Institutional investors own 36.10% of the company’s stock.

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

New York Mortgage Trust, Inc. (NASDAQ:NYMT) traded up 1.07% on Friday, hitting $6.59. The stock had a trading volume of 1,799,588 shares. The stock has a market capitalization of $737.05 million, a price-to-earnings ratio of 12.82 and a beta of 1.41. The company has a 50-day moving average price of $6.27 and a 200-day moving average price of $6.43. New York Mortgage Trust, Inc. has a 52 week low of $5.64 and a 52 week high of $7.04.

New York Mortgage Trust (NASDAQ:NYMT) last issued its earnings results on Wednesday, May 3rd. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The firm had revenue of $13.92 million during the quarter, compared to analyst estimates of $19.49 million. New York Mortgage Trust had a net margin of 20.53% and a return on equity of 9.98%. During the same quarter in the prior year, the business earned $0.13 earnings per share. Equities research analysts anticipate that New York Mortgage Trust, Inc. will post $0.60 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 25th. Stockholders of record on Monday, June 26th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, June 22nd. This represents a $0.80 annualized dividend and a dividend yield of 12.14%. New York Mortgage Trust’s dividend payout ratio is presently 156.86%.

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A number of research firms recently commented on NYMT. Keefe, Bruyette & Woods set a $6.00 price objective on New York Mortgage Trust and gave the company a “hold” rating in a report on Wednesday, May 10th. Ladenburg Thalmann Financial Services downgraded New York Mortgage Trust from a “buy” rating to a “neutral” rating in a report on Friday, March 24th. Finally, Zacks Investment Research downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $6.15.

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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