Wellington Shields & Co. LLC decreased its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 32.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 21,000 shares of the real estate investment trust’s stock after selling 10,000 shares during the period. Wellington Shields & Co. LLC’s holdings in New York Mortgage Trust were worth $129,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Global X Management Co. LLC lifted its holdings in shares of New York Mortgage Trust by 7.1% during the second quarter. Global X Management Co. LLC now owns 2,674,312 shares of the real estate investment trust’s stock worth $16,634,000 after purchasing an additional 176,188 shares during the period. Vanguard Group Inc. lifted its holdings in shares of New York Mortgage Trust by 3.7% during the second quarter. Vanguard Group Inc. now owns 4,684,792 shares of the real estate investment trust’s stock worth $29,139,000 after purchasing an additional 169,079 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of New York Mortgage Trust by 38.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 584,089 shares of the real estate investment trust’s stock worth $3,634,000 after purchasing an additional 163,438 shares during the period. Citadel Advisors LLC lifted its holdings in shares of New York Mortgage Trust by 29.5% during the second quarter. Citadel Advisors LLC now owns 561,186 shares of the real estate investment trust’s stock worth $3,491,000 after purchasing an additional 127,793 shares during the period. Finally, State Street Corp lifted its holdings in shares of New York Mortgage Trust by 5.8% during the second quarter. State Street Corp now owns 2,325,571 shares of the real estate investment trust’s stock worth $14,468,000 after purchasing an additional 126,981 shares during the period. Institutional investors and hedge funds own 36.21% of the company’s stock.

NYMT has been the subject of a number of research reports. BidaskClub raised New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet downgraded New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods set a $6.00 target price on New York Mortgage Trust and gave the stock a “hold” rating in a report on Monday, August 14th. Zacks Investment Research downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Finally, Barclays PLC lifted their target price on New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 10th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $6.35.

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Shares of New York Mortgage Trust, Inc. (NYMT) traded up $0.02 during trading hours on Tuesday, reaching $6.27. The company’s stock had a trading volume of 225,486 shares, compared to its average volume of 882,303. New York Mortgage Trust, Inc. has a one year low of $5.90 and a one year high of $7.04. The firm has a market capitalization of $701.41, a P/E ratio of 11.48 and a beta of 1.36. The company has a debt-to-equity ratio of 13.26, a current ratio of 71.04 and a quick ratio of 71.04.

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Shareholders of record on Monday, September 25th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.76%. The ex-dividend date was Friday, September 22nd. New York Mortgage Trust’s payout ratio is presently 160.00%.

New York Mortgage Trust 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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