Nisa Investment Advisors LLC Has $576,000 Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Nisa Investment Advisors LLC trimmed its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTFree Report) by 29.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 67,574 shares of the real estate investment trust’s stock after selling 28,235 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.07% of New York Mortgage Trust worth $576,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Centiva Capital LP acquired a new stake in shares of New York Mortgage Trust during the fourth quarter valued at about $35,000. Envestnet Asset Management Inc. acquired a new stake in shares of New York Mortgage Trust during the third quarter valued at about $36,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of New York Mortgage Trust during the first quarter valued at about $37,000. Belpointe Asset Management LLC lifted its stake in shares of New York Mortgage Trust by 71.9% in the first quarter. Belpointe Asset Management LLC now owns 4,095 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,713 shares during the period. Finally, CI Private Wealth LLC acquired a new position in shares of New York Mortgage Trust in the fourth quarter worth approximately $41,000. 54.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on NYMT shares. B. Riley reaffirmed a “buy” rating and issued a $11.00 price objective (down from $15.00) on shares of New York Mortgage Trust in a research note on Monday, March 25th. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

Check Out Our Latest Research Report on NYMT

New York Mortgage Trust Price Performance

New York Mortgage Trust stock opened at $6.82 on Thursday. The firm has a market cap of $622.26 million, a P/E ratio of -6.89 and a beta of 1.92. The stock’s 50 day moving average is $7.19 and its 200 day moving average is $7.95. The company has a debt-to-equity ratio of 4.21, a current ratio of 4.29 and a quick ratio of 4.29. New York Mortgage Trust, Inc. has a one year low of $6.70 and a one year high of $10.63.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, March 25th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 11.73%. New York Mortgage Trust’s payout ratio is currently -80.81%.

About New York Mortgage Trust

(Free Report)

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.

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

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