Oregon Public Employees Retirement Fund lifted its position in NY MTG TR INC/SH (NASDAQ:NYMT) by 9.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,948 shares of the real estate investment trust’s stock after purchasing an additional 5,777 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in NY MTG TR INC/SH were worth $396,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quadrant Capital Group LLC bought a new position in NY MTG TR INC/SH during the 1st quarter valued at approximately $31,000. Parallel Advisors LLC boosted its stake in NY MTG TR INC/SH by 1,123.2% during the 1st quarter. Parallel Advisors LLC now owns 9,419 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 8,649 shares during the last quarter. Kovack Advisors Inc. purchased a new stake in NY MTG TR INC/SH during the 4th quarter valued at $82,000. Mercer Global Advisors Inc. ADV purchased a new stake in NY MTG TR INC/SH during the 1st quarter valued at $111,000. Finally, Amalgamated Bank boosted its stake in NY MTG TR INC/SH by 10.4% during the 4th quarter. Amalgamated Bank now owns 21,957 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,065 shares during the last quarter. Hedge funds and other institutional investors own 47.70% of the company’s stock.
NASDAQ:NYMT traded down $0.01 on Wednesday, reaching $6.12. 1,938,100 shares of the company’s stock traded hands, compared to its average volume of 2,154,857. NY MTG TR INC/SH has a 12 month low of $5.58 and a 12 month high of $6.54. The company has a debt-to-equity ratio of 14.72, a quick ratio of 120.54 and a current ratio of 120.54. The stock’s 50-day moving average is $6.15. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 7.12 and a beta of 0.81.
NY MTG TR INC/SH (NASDAQ:NYMT) last issued its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05. NY MTG TR INC/SH had a return on equity of 13.32% and a net margin of 21.47%. The firm had revenue of $26.20 million for the quarter, compared to analysts’ expectations of $23.00 million. As a group, sell-side analysts expect that NY MTG TR INC/SH will post 0.64 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, June 24th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.80 annualized dividend and a yield of 13.07%. NY MTG TR INC/SH’s payout ratio is currently 93.02%.
NYMT has been the topic of a number of research reports. Nomura initiated coverage on NY MTG TR INC/SH in a research note on Wednesday, March 27th. They issued a “buy” rating and a $6.50 price target on the stock. Zacks Investment Research upgraded NY MTG TR INC/SH from a “hold” rating to a “buy” rating and set a $6.75 price target on the stock in a research note on Friday, May 17th. Maxim Group restated a “buy” rating and issued a $6.75 price target on shares of NY MTG TR INC/SH in a research note on Tuesday, May 7th. BidaskClub upgraded NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, Barclays downgraded NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a research report on Thursday, February 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.25.
In other NY MTG TR INC/SH news, Director Alan L. Hainey sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $6.27, for a total transaction of $62,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.
About NY MTG TR INC/SH
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.
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