California State Teachers Retirement System Has $512,000 Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

California State Teachers Retirement System cut its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 1.9% during the 4th quarter, Holdings Channel reports. The institutional investor owned 84,513 shares of the real estate investment trust’s stock after selling 1,669 shares during the quarter. California State Teachers Retirement System’s holdings in New York Mortgage Trust were worth $512,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in New York Mortgage Trust by 4.3% during the 4th quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust’s stock worth $38,918,000 after buying an additional 264,334 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in New York Mortgage Trust by 0.3% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust’s stock worth $22,311,000 after buying an additional 12,237 shares during the period. Invesco Ltd. lifted its holdings in New York Mortgage Trust by 20.3% during the 4th quarter. Invesco Ltd. now owns 3,207,439 shares of the real estate investment trust’s stock worth $19,437,000 after buying an additional 542,002 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in New York Mortgage Trust by 10.2% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,409,909 shares of the real estate investment trust’s stock worth $8,544,000 after buying an additional 130,499 shares during the period. Finally, Northern Trust Corp lifted its holdings in New York Mortgage Trust by 15.5% during the 4th quarter. Northern Trust Corp now owns 1,148,179 shares of the real estate investment trust’s stock worth $6,958,000 after buying an additional 154,181 shares during the period. 54.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

NYMT has been the topic of several recent research reports. Jones Trading reaffirmed a “buy” rating and set a $7.50 target price on shares of New York Mortgage Trust in a report on Friday, May 2nd. B. Riley boosted their price objective on New York Mortgage Trust from $8.00 to $9.00 and gave the company a “buy” rating in a research note on Friday, May 2nd. Finally, Wall Street Zen raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st.

New York Mortgage Trust Stock Down 0.7%

Shares of NASDAQ:NYMT opened at $6.91 on Thursday. The company has a market capitalization of $623.96 million, a price-to-earnings ratio of -6.06 and a beta of 1.28. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. The business’s 50-day moving average is $6.22 and its 200-day moving average is $6.26. New York Mortgage Trust, Inc. has a 1 year low of $5.02 and a 1 year high of $7.27.

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

New York Mortgage Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 11.58%. The ex-dividend date was Monday, March 31st. New York Mortgage Trust’s payout ratio is -1,333.33%.

New York Mortgage Trust Profile

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.