MetLife Investment Advisors LLC acquired a new position in shares of New York Mortgage Trust (NASDAQ:NYMT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 51,471 shares of the real estate investment trust’s stock, valued at approximately $318,000.

A number of other institutional investors also recently bought and sold shares of NYMT. SG Americas Securities LLC bought a new position in New York Mortgage Trust during the 3rd quarter worth $115,000. Wells Fargo & Company MN increased its stake in New York Mortgage Trust by 46.8% during the 3rd quarter. Wells Fargo & Company MN now owns 173,658 shares of the real estate investment trust’s stock worth $1,068,000 after acquiring an additional 55,357 shares during the period. Schwab Charles Investment Management Inc. increased its stake in New York Mortgage Trust by 1.4% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 592,279 shares of the real estate investment trust’s stock worth $3,643,000 after acquiring an additional 8,190 shares during the period. California Public Employees Retirement System increased its stake in New York Mortgage Trust by 6.9% during the 3rd quarter. California Public Employees Retirement System now owns 549,254 shares of the real estate investment trust’s stock worth $3,378,000 after acquiring an additional 35,554 shares during the period. Finally, GSA Capital Partners LLP bought a new position in New York Mortgage Trust during the 3rd quarter worth $469,000. Hedge funds and other institutional investors own 38.90% of the company’s stock.

A number of equities analysts have commented on NYMT shares. B. Riley set a $6.00 price objective on New York Mortgage Trust and gave the stock a “hold” rating in a research note on Thursday, February 22nd. ValuEngine downgraded New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Monday, April 2nd. BidaskClub downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Thursday, April 12th. Zacks Investment Research downgraded New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $6.25 target price (down previously from $6.50) on shares of New York Mortgage Trust in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. New York Mortgage Trust has a consensus rating of “Hold” and an average target price of $6.25.

Shares of NYMT stock opened at $6.09 on Friday. The firm has a market capitalization of $673.79, a price-to-earnings ratio of 9.23 and a beta of 1.02. New York Mortgage Trust has a fifty-two week low of $5.35 and a fifty-two week high of $6.69. The company has a debt-to-equity ratio of 15.94, a quick ratio of 74.42 and a current ratio of 74.42.

New York Mortgage Trust (NASDAQ:NYMT) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.06. The firm had revenue of $15.04 million for the quarter, compared to the consensus estimate of $19.97 million. New York Mortgage Trust had a return on equity of 13.38% and a net margin of 22.10%. The company’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.09 EPS. analysts forecast that New York Mortgage Trust will post 0.53 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 26th. Shareholders of record on Thursday, March 29th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.14%. The ex-dividend date was Wednesday, March 28th. New York Mortgage Trust’s dividend payout ratio is presently 121.21%.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.

Want to see what other hedge funds are holding NYMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Mortgage Trust (NASDAQ:NYMT).

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

Receive News & Ratings for New York Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.