JPMorgan Chase & Co. Has $612,000 Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

JPMorgan Chase & Co. lifted its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 137.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 100,934 shares of the real estate investment trust’s stock after buying an additional 58,388 shares during the period. JPMorgan Chase & Co.’s holdings in New York Mortgage Trust were worth $612,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at approximately $49,000. McIlrath & Eck LLC bought a new stake in New York Mortgage Trust in the third quarter valued at approximately $62,000. KLP Kapitalforvaltning AS acquired a new stake in shares of New York Mortgage Trust in the fourth quarter valued at approximately $98,000. Proficio Capital Partners LLC bought a new position in shares of New York Mortgage Trust during the 4th quarter worth approximately $126,000. Finally, EntryPoint Capital LLC acquired a new position in shares of New York Mortgage Trust during the 4th quarter worth approximately $127,000. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Stock Up 2.1 %

NYMT stock opened at $5.87 on Wednesday. New York Mortgage Trust, Inc. has a fifty-two week low of $5.02 and a fifty-two week high of $7.18. 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 stock has a market capitalization of $531.63 million, a price-to-earnings ratio of -5.15 and a beta of 1.43. The business’s fifty day moving average price is $6.26 and its two-hundred day moving average price is $6.06.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47). New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The business had revenue of $26.71 million during the quarter, compared to analyst estimates of $20.06 million. On average, equities analysts anticipate 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 declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were given a dividend of $0.20 per share. The ex-dividend date was Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 13.63%. New York Mortgage Trust’s dividend payout ratio is -70.18%.

Analyst Upgrades and Downgrades

NYMT has been the subject of several research reports. B. Riley cut their price target on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $7.00.

New York Mortgage Trust Company 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.