Geode Capital Management LLC increased its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 11.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 918,770 shares of the real estate investment trust’s stock after buying an additional 94,769 shares during the period. Geode Capital Management LLC’s holdings in New York Mortgage Trust were worth $5,668,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the company. Teachers Advisors LLC increased its position in New York Mortgage Trust by 2.1% in the fourth quarter. Teachers Advisors LLC now owns 181,876 shares of the real estate investment trust’s stock valued at $1,200,000 after buying an additional 3,806 shares during the period. Prospera Financial Services Inc increased its position 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 valued at $133,000 after buying an additional 1,425 shares during the period. WealthTrust Axiom LLC increased its position in New York Mortgage Trust by 1.9% in the first quarter. WealthTrust Axiom LLC now owns 54,180 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 1,000 shares during the period. Wells Fargo & Company MN increased its position in New York Mortgage Trust by 8.4% in the first quarter. Wells Fargo & Company MN now owns 102,423 shares of the real estate investment trust’s stock valued at $632,000 after buying an additional 7,947 shares during the period. Finally, LSV Asset Management increased 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 valued at $21,332,000 after buying an additional 349,811 shares during the period. 36.21% of the stock is currently owned by hedge funds and other institutional investors.

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) traded up 0.49% during midday trading on Friday, reaching $6.21. 368,998 shares of the company traded hands. The stock has a 50 day moving average price of $6.26 and a 200 day moving average price of $6.33. The firm has a market capitalization of $694.84 million, a PE ratio of 12.18 and a beta of 1.38. New York Mortgage Trust, Inc. has a 1-year low of $5.65 and a 1-year high of $7.04.

New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.05%. The business had revenue of $15.71 million for the quarter, compared to analysts’ expectations of $17.42 million. During the same quarter last year, the business earned $0.10 EPS. The company’s quarterly revenue was down 5.7% on a year-over-year basis. Analysts expect that New York Mortgage Trust, Inc. will post $0.54 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, June 26th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.94%. New York Mortgage Trust’s dividend payout ratio (DPR) is 156.87%.

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Several equities analysts have recently commented on NYMT shares. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Keefe, Bruyette & Woods set a $6.00 target price on shares of New York Mortgage Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. BidaskClub raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, TheStreet downgraded shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for New York Mortgage Trust (NASDAQ:NYMT)

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