Sterling Capital Management LLC purchased a new stake in NY Mtg Tr Inc/SH (NASDAQ:NYMT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 159,381 shares of the real estate investment trust’s stock, valued at approximately $969,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. LPL Financial LLC lifted its position in NY Mtg Tr Inc/SH by 119.8% in the 1st quarter. LPL Financial LLC now owns 22,484 shares of the real estate investment trust’s stock valued at $133,000 after acquiring an additional 12,255 shares in the last quarter. Russell Investments Group Ltd. purchased a new stake in NY Mtg Tr Inc/SH in the 3rd quarter valued at about $258,000. SG Americas Securities LLC increased its stake in NY Mtg Tr Inc/SH by 174.3% in the 2nd quarter. SG Americas Securities LLC now owns 47,416 shares of the real estate investment trust’s stock valued at $285,000 after buying an additional 30,128 shares during the last quarter. MetLife Investment Advisors LLC increased its stake in NY Mtg Tr Inc/SH by 58.1% in the 2nd quarter. MetLife Investment Advisors LLC now owns 53,512 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 19,666 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in NY Mtg Tr Inc/SH in the 2nd quarter valued at about $369,000. 45.00% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:NYMT opened at $6.09 on Friday. The company has a quick ratio of 86.93, a current ratio of 88.96 and a debt-to-equity ratio of 13.55. The stock has a market capitalization of $874.69 million, a price-to-earnings ratio of 7.77 and a beta of 1.00. NY Mtg Tr Inc/SH has a 52 week low of $5.35 and a 52 week high of $6.54.
NY Mtg Tr Inc/SH (NASDAQ:NYMT) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.05. NY Mtg Tr Inc/SH had a net margin of 25.07% and a return on equity of 17.13%. The firm had revenue of $19.60 million during the quarter, compared to analyst estimates of $17.10 million. Equities analysts forecast that NY Mtg Tr Inc/SH will post 0.69 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Thursday, September 27th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.80 annualized dividend and a dividend yield of 13.14%. NY Mtg Tr Inc/SH’s payout ratio is currently 121.21%.
NYMT has been the subject of several analyst reports. LADENBURG THALM/SH SH lowered shares of NY Mtg Tr Inc/SH from a “buy” rating to a “neutral” rating in a research note on Monday, August 6th. BidaskClub upgraded shares of NY Mtg Tr Inc/SH from a “hold” rating to a “buy” rating in a research note on Saturday, October 27th. Maxim Group reiterated a “buy” rating and issued a $6.75 price objective on shares of NY Mtg Tr Inc/SH in a research note on Tuesday. Zacks Investment Research upgraded shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a research note on Wednesday, July 25th. Finally, ValuEngine lowered shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $6.25.
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NY Mtg Tr Inc/SH Profile
New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.
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