Goldman Sachs Group Inc. boosted its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 3.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,589 shares of the real estate investment trust’s stock after buying an additional 4,476 shares during the period. Goldman Sachs Group Inc. owned 0.13% of New York Mortgage Trust worth $867,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its position in New York Mortgage Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 4,515,713 shares of the real estate investment trust’s stock worth $27,862,000 after buying an additional 119,586 shares in the last quarter. LSV Asset Management raised its position in New York Mortgage Trust by 11.3% in the first quarter. LSV Asset Management now owns 3,457,511 shares of the real estate investment trust’s stock worth $21,332,000 after buying an additional 349,811 shares in the last quarter. UBS Group AG raised its position in New York Mortgage Trust by 26.5% in the first quarter. UBS Group AG now owns 2,947,802 shares of the real estate investment trust’s stock worth $18,188,000 after buying an additional 617,466 shares in the last quarter. Global X Management Co. LLC raised its position in New York Mortgage Trust by 69.4% in the first quarter. Global X Management Co. LLC now owns 2,498,124 shares of the real estate investment trust’s stock worth $15,413,000 after buying an additional 1,023,434 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in New York Mortgage Trust by 11.5% in the first quarter. Geode Capital Management LLC now owns 918,770 shares of the real estate investment trust’s stock worth $5,668,000 after buying an additional 94,769 shares in the last quarter. 36.13% of the stock is currently owned by institutional investors.
Shares of New York Mortgage Trust, Inc. (NYMT) traded down 1.198% during midday trading on Tuesday, reaching $6.185. 133,606 shares of the company were exchanged. The stock has a market capitalization of $692.05 million, a price-to-earnings ratio of 12.127 and a beta of 1.38. New York Mortgage Trust, Inc. has a 52-week low of $5.65 and a 52-week high of $7.04. The company’s 50-day moving average price is $6.25 and its 200 day moving average price is $6.32.
New York Mortgage Trust (NASDAQ:NYMT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by $0.04. New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The firm had revenue of $15.71 million during the quarter, compared to the consensus estimate of $17.42 million. During the same quarter last year, the company posted $0.10 EPS. New York Mortgage Trust’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, equities analysts predict that New York Mortgage Trust, Inc. will post $0.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 26th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.78%. The ex-dividend date was Thursday, June 22nd. New York Mortgage Trust’s dividend payout ratio (DPR) is 156.87%.
A number of research firms recently issued reports on NYMT. Keefe, Bruyette & Woods set a $6.00 price target on New York Mortgage Trust and gave the stock a “hold” rating in a report on Monday. BidaskClub raised New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet lowered New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Finally, Zacks Investment Research upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. New York Mortgage Trust has a consensus rating of “Hold” and a consensus price target of $6.42.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.
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