Jane Street Group LLC bought a new position in New York Mortgage Trust (NASDAQ:NYMT) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 37,507 shares of the real estate investment trust’s stock, valued at approximately $231,000.
A number of other hedge funds also recently made changes to their positions in NYMT. Two Sigma Investments LP purchased a new stake in New York Mortgage Trust in the 4th quarter worth $2,438,000. Deutsche Bank AG lifted its stake in New York Mortgage Trust by 61.9% in the 4th quarter. Deutsche Bank AG now owns 830,558 shares of the real estate investment trust’s stock worth $5,123,000 after purchasing an additional 317,413 shares in the last quarter. Renaissance Technologies LLC lifted its stake in New York Mortgage Trust by 94.3% in the 4th quarter. Renaissance Technologies LLC now owns 568,300 shares of the real estate investment trust’s stock worth $3,506,000 after purchasing an additional 275,800 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in New York Mortgage Trust by 31.3% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 777,472 shares of the real estate investment trust’s stock worth $4,798,000 after purchasing an additional 185,193 shares in the last quarter. Finally, Global X Management Co. LLC lifted its stake in New York Mortgage Trust by 3.4% in the 4th quarter. Global X Management Co. LLC now owns 2,875,525 shares of the real estate investment trust’s stock worth $17,742,000 after purchasing an additional 95,369 shares in the last quarter. Institutional investors and hedge funds own 38.94% of the company’s stock.
Shares of NYMT stock opened at $6.03 on Friday. The company has a debt-to-equity ratio of 15.94, a quick ratio of 74.42 and a current ratio of 74.42. The firm has a market capitalization of $676.06, a price-to-earnings ratio of 9.14 and a beta of 1.02. New York Mortgage Trust has a 52 week low of $5.35 and a 52 week high of $6.69.
New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.06. The firm had revenue of $15.04 million for the quarter, compared to analysts’ expectations of $19.97 million. New York Mortgage Trust had a net margin of 22.10% and a return on equity of 13.38%. The business’s revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.09 EPS. equities analysts expect that New York Mortgage Trust will post 0.53 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 26th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 13.27%. The ex-dividend date of this dividend is Wednesday, March 28th. New York Mortgage Trust’s dividend payout ratio is 121.21%.
NYMT has been the topic of several research analyst reports. B. Riley set a $6.00 price target on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research note on Thursday, February 22nd. ValuEngine cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Monday, April 2nd. BidaskClub cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Thursday, April 12th. Zacks Investment Research cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Finally, Maxim Group reiterated a “buy” rating and issued a $6.25 price target (down previously from $6.50) on shares of New York Mortgage Trust in a research note on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $6.25.
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New York Mortgage Trust Company 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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