Creative Planning lowered its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 1.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 110,194 shares of the real estate investment trust’s stock after selling 1,731 shares during the period. Creative Planning owned about 0.10% of New York Mortgage Trust worth $685,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in NYMT. Raymond James Financial Services Advisors Inc. raised its stake in New York Mortgage Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,473 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 218 shares in the last quarter. Prospera Financial Services Inc raised its stake in New York Mortgage Trust by 6.9% in the first quarter. Prospera Financial Services Inc now owns 21,930 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,425 shares in the last quarter. Quantbot Technologies LP acquired a new stake in New York Mortgage Trust during the first quarter worth approximately $142,000. Two Sigma Securities LLC acquired a new stake in New York Mortgage Trust during the first quarter worth approximately $151,000. Finally, Wellington Shields & Co. LLC raised its stake in New York Mortgage Trust by 29.2% in the first quarter. Wellington Shields & Co. LLC now owns 31,000 shares of the real estate investment trust’s stock worth $191,000 after buying an additional 7,000 shares in the last quarter. 36.13% of the stock is owned by hedge funds and other institutional investors.
New York Mortgage Trust, Inc. (NYMT) traded up 0.64% during midday trading on Friday, reaching $6.25. 724,025 shares of the company traded hands. The company has a 50 day moving average of $6.24 and a 200-day moving average of $6.31. The stock has a market capitalization of $699.32 million, a P/E ratio of 12.25 and a beta of 1.38. New York Mortgage Trust, Inc. has a 12-month low of $5.65 and a 12-month high of $7.04.
New York Mortgage Trust (NASDAQ:NYMT) last posted its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The company had revenue of $15.71 million for the quarter, compared to the consensus estimate of $17.42 million. New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.05%. New York Mortgage Trust’s revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.10 EPS. Equities analysts anticipate that New York Mortgage Trust, Inc. will post $0.54 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 26th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.80%. The ex-dividend date of this dividend was Thursday, June 22nd. New York Mortgage Trust’s dividend payout ratio is currently 156.87%.
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Several equities analysts have recently issued reports on NYMT shares. BidaskClub raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods set a $6.00 price target on shares of New York Mortgage Trust and gave the company a “hold” rating in a report on Monday, August 14th. Finally, Zacks Investment Research raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a 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 stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.42.
New York Mortgage Trust Company Profile
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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