New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC trimmed its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 16.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 80,667 shares of the real estate investment trust’s stock after selling 15,900 shares during the quarter. Los Angeles Capital Management LLC’s holdings in New York Mortgage Trust were worth $489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in New York Mortgage Trust in the fourth quarter valued at $49,000. McIlrath & Eck LLC purchased a new position in shares of New York Mortgage Trust during the third quarter worth about $62,000. Wolverine Trading LLC acquired a new position in New York Mortgage Trust in the 3rd quarter valued at about $101,000. Entropy Technologies LP raised its stake in New York Mortgage Trust by 53.9% during the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 6,700 shares during the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in New York Mortgage Trust by 22.7% during the 3rd quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 4,376 shares during the period. Hedge funds and other institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $6.86 on Tuesday. 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’s 50 day moving average is $6.13 and its two-hundred day moving average is $6.12. The stock has a market capitalization of $621.29 million, a price-to-earnings ratio of -6.02 and a beta of 1.92. New York Mortgage Trust, Inc. has a 12-month low of $5.14 and a 12-month high of $7.40.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share (EPS) 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 analysts’ expectations of $20.06 million. Research analysts expect that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 11.66%. The ex-dividend date was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is -70.18%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Sunday. B. Riley dropped their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock 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.