Wipfli Financial Advisors LLC Invests $30,000 in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Wipfli Financial Advisors LLC bought a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT – Get Rating) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,149 shares of the real estate investment trust’s stock, valued at approximately $30,000.

A number of other hedge funds also recently added to or reduced their stakes in NYMT. Raymond James Financial Services Advisors Inc. acquired a new stake in New York Mortgage Trust during the 3rd quarter worth approximately $25,000. M&T Bank Corp acquired a new stake in New York Mortgage Trust during the 2nd quarter worth approximately $28,000. Retirement Guys Formula LLC acquired a new stake in New York Mortgage Trust during the 2nd quarter worth approximately $32,000. Newbridge Financial Services Group Inc. acquired a new stake in New York Mortgage Trust during the 3rd quarter worth approximately $38,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in New York Mortgage Trust during the 2nd quarter worth approximately $44,000. 53.62% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently commented on NYMT shares. Jonestrading dropped their target price on shares of New York Mortgage Trust from $4.00 to $3.50 in a research report on Monday, December 19th. StockNews.com raised shares of New York Mortgage Trust to a “sell” rating in a research report on Friday, November 11th. Credit Suisse Group dropped their target price on shares of New York Mortgage Trust to $3.00 in a research report on Thursday, October 13th. Finally, B. Riley dropped 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 report on Tuesday, October 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $3.75.

New York Mortgage Trust Trading Down 0.3 %

Shares of New York Mortgage Trust stock opened at $2.92 on Friday. New York Mortgage Trust, Inc. has a 1 year low of $2.07 and a 1 year high of $3.79. The company has a debt-to-equity ratio of 2.35, a quick ratio of 11.57 and a current ratio of 11.57. The company has a market capitalization of $1.08 billion, a P/E ratio of -4.11, a PEG ratio of 4.04 and a beta of 1.67. The company’s fifty day moving average is $2.79 and its two-hundred day moving average is $2.75.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 26th. Stockholders of record on Tuesday, December 27th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 13.70%. The ex-dividend date of this dividend is Friday, December 23rd. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -56.34%.

New York Mortgage Trust Profile

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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.