Oregon Public Employees Retirement Fund reduced its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT – Free Report) by 7.6% in the 2nd quarter, HoldingsChannel reports. The fund owned 28,452 shares of the real estate investment trust’s stock after selling 2,345 shares during the period. Oregon Public Employees Retirement Fund’s holdings in New York Mortgage Trust were worth $282,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Centiva Capital LP bought a new stake in shares of New York Mortgage Trust in the fourth quarter worth $35,000. Envestnet Asset Management Inc. bought a new stake in shares of New York Mortgage Trust in the 3rd quarter valued at about $36,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of New York Mortgage Trust in the first quarter valued at about $37,000. CI Private Wealth LLC bought a new position in shares of New York Mortgage Trust during the fourth quarter worth about $41,000. Finally, Belpointe Asset Management LLC lifted its stake in shares of New York Mortgage Trust by 71.9% in the first quarter. Belpointe Asset Management LLC now owns 4,095 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,713 shares during the period. 52.98% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of analysts have weighed in on the stock. B. Riley decreased their target price on shares of New York Mortgage Trust from $20.00 to $15.00 and set a “buy” rating for the company in a research report on Monday, August 14th. StockNews.com initiated coverage on shares of New York Mortgage Trust in a research report on Thursday, October 5th. They set a “hold” rating for the company. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $12.80.
New York Mortgage Trust Trading Down 1.4 %
Shares of NYMT stock opened at $7.70 on Tuesday. New York Mortgage Trust, Inc. has a fifty-two week low of $7.57 and a fifty-two week high of $12.96. The company has a debt-to-equity ratio of 2.77, a quick ratio of 8.73 and a current ratio of 8.73. The stock has a 50 day simple moving average of $8.85 and a two-hundred day simple moving average of $9.53. The company has a market cap of $702.63 million, a P/E ratio of -3.60 and a beta of 1.78.
New York Mortgage Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, September 21st will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, September 20th. This represents a $1.20 annualized dividend and a dividend yield of 15.58%. New York Mortgage Trust’s dividend payout ratio is currently -56.07%.
About New York Mortgage Trust
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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