Price T Rowe Associates Inc. MD Has $564,000 Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Price T Rowe Associates Inc. MD boosted its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 20.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 93,049 shares of the real estate investment trust’s stock after acquiring an additional 15,840 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in New York Mortgage Trust were worth $564,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of New York Mortgage Trust during the fourth quarter valued at $49,000. Tower Research Capital LLC TRC lifted its holdings in shares of New York Mortgage Trust by 18.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock valued at $78,000 after acquiring an additional 2,014 shares during the period. Guggenheim Capital LLC bought a new position in shares of New York Mortgage Trust during the fourth quarter valued at $80,000. Stifel Financial Corp bought a new position in shares of New York Mortgage Trust during the fourth quarter valued at $86,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of New York Mortgage Trust during the fourth quarter valued at $98,000. 54.89% of the stock is owned by institutional investors.

New York Mortgage Trust Stock Performance

New York Mortgage Trust stock opened at $6.84 on Wednesday. The stock has a 50-day simple moving average of $6.19 and a 200 day simple moving average of $6.13. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. New York Mortgage Trust, Inc. has a 12-month low of $5.02 and a 12-month high of $7.11. The stock has a market capitalization of $617.64 million, a price-to-earnings ratio of -6.00 and a beta of 1.24.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results 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 business had revenue of $33.10 million during the quarter, compared to analysts’ expectations of $27.84 million. On average, research analysts anticipate 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 firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.70%. New York Mortgage Trust’s dividend payout ratio is -1,333.33%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. B. Riley lifted their price objective 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. Jones Trading reissued a “buy” rating and set a $7.50 price objective on shares of New York Mortgage Trust 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 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.