23,613 Shares in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Acquired by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTFree Report) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 23,613 shares of the real estate investment trust’s stock, valued at approximately $201,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC grew its holdings in New York Mortgage Trust by 9.1% during the fourth quarter. SG Americas Securities LLC now owns 23,802 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 1,979 shares during the period. EMC Capital Management boosted its holdings in shares of New York Mortgage Trust by 31.3% in the third quarter. EMC Capital Management now owns 9,863 shares of the real estate investment trust’s stock valued at $84,000 after buying an additional 2,350 shares during the period. Yousif Capital Management LLC boosted its holdings in shares of New York Mortgage Trust by 11.7% in the fourth quarter. Yousif Capital Management LLC now owns 51,046 shares of the real estate investment trust’s stock valued at $435,000 after buying an additional 5,352 shares during the period. New York State Common Retirement Fund boosted its holdings in shares of New York Mortgage Trust by 19.7% in the fourth quarter. New York State Common Retirement Fund now owns 34,025 shares of the real estate investment trust’s stock valued at $290,000 after buying an additional 5,594 shares during the period. Finally, Penserra Capital Management LLC lifted its position in shares of New York Mortgage Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 48,456 shares of the real estate investment trust’s stock worth $411,000 after purchasing an additional 6,095 shares in the last quarter. 54.89% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on NYMT shares. B. Riley reissued a “buy” rating and issued a $11.00 price objective (down previously from $15.00) on shares of New York Mortgage Trust in a research report on Monday, March 25th. Keefe, Bruyette & Woods cut their price objective on shares of New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating on the stock in a research report on Friday, May 3rd. StockNews.com lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, UBS Group cut their price objective on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th.

Read Our Latest Report on New York Mortgage Trust

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $5.87 on Friday. The company has a current ratio of 4.02, a quick ratio of 4.02 and a debt-to-equity ratio of 5.03. The firm’s fifty day moving average price is $6.64 and its two-hundred day moving average price is $7.59. New York Mortgage Trust, Inc. has a 1 year low of $5.65 and a 1 year high of $10.63. The firm has a market capitalization of $535.52 million, a P/E ratio of -3.17 and a beta of 1.91.

New York Mortgage Trust (NASDAQ:NYMTGet Free Report) last posted its quarterly earnings results on Wednesday, May 1st. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.42). New York Mortgage Trust had a negative return on equity of 2.60% and a negative net margin of 44.65%. The firm had revenue of $83.89 million for the quarter, compared to the consensus estimate of $19.64 million. During the same period last year, the company posted $0.11 earnings per share. As a group, research analysts anticipate that New York Mortgage Trust, Inc. will post 0.55 EPS for the current year.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Stockholders of record on Monday, March 25th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 13.63%. The ex-dividend date of this dividend was Friday, March 22nd. New York Mortgage Trust’s payout ratio is presently -43.24%.

New York Mortgage Trust Company Profile

(Free Report)

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.

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

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