New York Mortgage Trust, Inc. $NYMT Position Boosted by Public Sector Pension Investment Board

Public Sector Pension Investment Board grew its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 26.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 287,293 shares of the real estate investment trust’s stock after purchasing an additional 60,435 shares during the period. Public Sector Pension Investment Board’s holdings in New York Mortgage Trust were worth $1,865,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Allspring Global Investments Holdings LLC boosted its position in shares of New York Mortgage Trust by 3.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,772,564 shares of the real estate investment trust’s stock valued at $24,484,000 after purchasing an additional 138,835 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of 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 valued at $8,544,000 after purchasing an additional 130,499 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of New York Mortgage Trust by 9.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,179,141 shares of the real estate investment trust’s stock valued at $7,653,000 after purchasing an additional 105,288 shares in the last quarter. Northern Trust Corp boosted its position in shares of 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 valued at $6,958,000 after purchasing an additional 154,181 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of New York Mortgage Trust by 15.8% during the 4th quarter. Balyasny Asset Management L.P. now owns 978,838 shares of the real estate investment trust’s stock valued at $5,932,000 after purchasing an additional 133,735 shares in the last quarter. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Price Performance

NASDAQ NYMT opened at $7.04 on Thursday. The company has a 50 day simple moving average of $6.74 and a 200-day simple moving average of $6.49. The company has a debt-to-equity ratio of 10.13, a current ratio of 11.70 and a quick ratio of 11.70. The firm has a market capitalization of $635.78 million, a price-to-earnings ratio of 37.05 and a beta of 1.28. New York Mortgage Trust, Inc. has a 52-week low of $5.01 and a 52-week high of $7.27.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The business had revenue of $17.81 million during the quarter, compared to analyst estimates of $38.67 million. New York Mortgage Trust had a net margin of 12.50% and a return on equity of 7.59%. Equities research analysts predict that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 23rd were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date of this dividend was Monday, June 23rd. New York Mortgage Trust’s dividend payout ratio is 421.05%.

Wall Street Analyst Weigh In

A number of research firms have commented on NYMT. Jones Trading reaffirmed a “buy” rating and set a $7.50 price objective on shares of New York Mortgage Trust in a research note on Friday, May 2nd. UBS Group upped their price objective on shares of New York Mortgage Trust from $6.50 to $6.75 and gave the company a “neutral” rating in a research note on Thursday, July 10th. B. Riley upped their price objective on shares of 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 shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.75.

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.