19,121 Shares in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Acquired by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV purchased a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,121 shares of the real estate investment trust’s stock, valued at approximately $116,000.

A number of other large investors have also added to or reduced their stakes in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in New York Mortgage Trust during the fourth quarter worth approximately $49,000. Tower Research Capital LLC TRC boosted its holdings in shares of New York Mortgage Trust by 18.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock valued at $78,000 after purchasing an additional 2,014 shares in the last quarter. Guggenheim Capital LLC acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at $80,000. Stifel Financial Corp acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at $86,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at $98,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

Analyst Ratings Changes

NYMT has been the topic of a number of research analyst reports. Jones Trading reaffirmed a “buy” rating and issued a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. B. Riley raised their target price on New York Mortgage Trust from $8.00 to $9.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Finally, StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, May 1st.

New York Mortgage Trust Stock Performance

Shares of New York Mortgage Trust stock opened at $7.12 on Friday. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. The business has a 50-day moving average price of $6.21 and a two-hundred day moving average price of $6.17. New York Mortgage Trust, Inc. has a 1-year low of $5.02 and a 1-year high of $7.27. The company has a market cap of $642.92 million, a P/E ratio of -6.25 and a beta of 1.24.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The firm had revenue of $33.10 million during the quarter, compared to the consensus estimate of $27.84 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. As a group, analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Monday, March 31st were paid a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a yield of 11.24%. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -1,333.33%.

About New York Mortgage Trust

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.