Los Angeles Capital Management LLC Has $36,000 Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Los Angeles Capital Management LLC lessened its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMTGet Rating) by 33.2% in the 2nd quarter, Holdings Channel reports. The firm owned 12,990 shares of the real estate investment trust’s stock after selling 6,458 shares during the quarter. Los Angeles Capital Management LLC’s holdings in New York Mortgage Trust were worth $36,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of NYMT. CWM LLC raised its holdings in New York Mortgage Trust by 92.9% in the 1st quarter. CWM LLC now owns 7,386 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 3,558 shares during the period. Commonwealth Equity Services LLC raised its holdings in New York Mortgage Trust by 15.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 73,448 shares of the real estate investment trust’s stock worth $268,000 after acquiring an additional 9,961 shares during the period. Victory Capital Management Inc. raised its holdings in New York Mortgage Trust by 67.0% in the 1st quarter. Victory Capital Management Inc. now owns 91,583 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 36,739 shares during the period. Wolverine Asset Management LLC raised its holdings in New York Mortgage Trust by 23.0% in the 1st quarter. Wolverine Asset Management LLC now owns 358,294 shares of the real estate investment trust’s stock worth $1,307,000 after acquiring an additional 67,075 shares during the period. Finally, IndexIQ Advisors LLC raised its holdings in New York Mortgage Trust by 86.0% in the 1st quarter. IndexIQ Advisors LLC now owns 227,010 shares of the real estate investment trust’s stock worth $828,000 after acquiring an additional 104,966 shares during the period. Institutional investors and hedge funds own 54.74% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Keefe, Bruyette & Woods downgraded shares of New York Mortgage Trust from an “outperform” rating to a “market perform” rating and set a $3.00 target price on the stock. in a report on Monday, July 18th. Barclays lowered their target price on shares of New York Mortgage Trust from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research note on Monday, July 18th. B. Riley lowered their target price on shares of New York Mortgage Trust from $5.50 to $5.00 and set a “buy” rating on the stock in a research note on Tuesday, October 25th. TheStreet cut shares of New York Mortgage Trust from a “c-” rating to a “d+” rating in a research note on Wednesday, August 3rd. Finally, Jonestrading lowered their target price on shares of New York Mortgage Trust from $4.25 to $4.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.82.

New York Mortgage Trust Price Performance

Shares of NYMT stock opened at $2.74 on Tuesday. The firm’s 50 day moving average is $2.56 and its 200-day moving average is $2.79. New York Mortgage Trust, Inc. has a 1 year low of $2.07 and a 1 year high of $4.30. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of -3.86 and a beta of 1.70. The company has a current ratio of 11.57, a quick ratio of 3.87 and a debt-to-equity ratio of 2.35.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 26th. Investors of record on Monday, September 26th were issued a $0.10 dividend. The ex-dividend date was Friday, September 23rd. This represents a $0.40 annualized dividend and a yield of 14.60%. New York Mortgage Trust’s dividend payout ratio is currently -56.34%.

About New York Mortgage Trust

(Get Rating)

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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.

See Also

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Institutional Ownership by Quarter for New York Mortgage Trust (NASDAQ:NYMT)

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