Teachers Advisors LLC increased its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 6.9% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 198,625 shares of the real estate investment trust’s stock after purchasing an additional 12,879 shares during the period. Teachers Advisors LLC owned 0.18% of New York Mortgage Trust worth $1,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Great Lakes Advisors LLC lifted its holdings in New York Mortgage Trust by 20.2% during the 2nd quarter. Great Lakes Advisors LLC now owns 231,588 shares of the real estate investment trust’s stock worth $1,440,000 after purchasing an additional 38,957 shares in the last quarter. Wells Fargo & Company MN increased its stake in New York Mortgage Trust by 8.4% in the 1st quarter. Wells Fargo & Company MN now owns 102,423 shares of the real estate investment trust’s stock worth $632,000 after acquiring an additional 7,947 shares during the last quarter. Bank of New York Mellon Corp increased its stake in New York Mortgage Trust by 3.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 555,126 shares of the real estate investment trust’s stock worth $3,452,000 after acquiring an additional 19,728 shares during the last quarter. Vanguard Group Inc. increased its stake in New York Mortgage Trust by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 4,515,713 shares of the real estate investment trust’s stock worth $27,862,000 after acquiring an additional 119,586 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in New York Mortgage Trust by 1.2% in the 1st quarter. California Public Employees Retirement System now owns 563,400 shares of the real estate investment trust’s stock worth $3,476,000 after acquiring an additional 6,600 shares during the last quarter. 36.20% of the stock is currently owned by institutional investors and hedge funds.

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New York Mortgage Trust, Inc. (NASDAQ NYMT) opened at 6.03 on Tuesday. The company has a market capitalization of $674.70 million, a price-to-earnings ratio of 11.82 and a beta of 1.37. New York Mortgage Trust, Inc. has a 12 month low of $5.72 and a 12 month high of $7.04. The stock’s 50 day moving average price is $6.24 and its 200 day moving average price is $6.27.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The company had revenue of $15.71 million for the quarter, compared to the consensus estimate of $17.42 million. During the same period in the previous year, the firm earned $0.10 earnings per share. The company’s revenue was down 5.7% compared to the same quarter last year. Equities research analysts anticipate that New York Mortgage Trust, Inc. will post $0.53 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 25th were paid a dividend of $0.20 per share. The ex-dividend date was Friday, September 22nd. This represents a $0.80 annualized dividend and a yield of 13.27%. New York Mortgage Trust’s payout ratio is currently 156.87%.

A number of equities analysts have weighed in on NYMT shares. BidaskClub upgraded New York Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. TheStreet lowered New York Mortgage Trust from a “c” rating to a “d+” rating in a research note on Friday, August 4th. Barclays PLC upped their target price on 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. Zacks Investment Research upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods set a $6.00 target price on New York Mortgage Trust and gave the stock a “hold” rating in a research note on Monday, August 14th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $6.33.

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.

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

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