Sheaff Brock Investment Advisors LLC trimmed its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 16.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,928 shares of the real estate investment trust’s stock after selling 5,700 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in New York Mortgage Trust were worth $180,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Global X Management Co. LLC boosted its position in New York Mortgage Trust by 69.4% during 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 acquiring an additional 1,023,434 shares during the last quarter. UBS Group AG boosted its position in New York Mortgage Trust by 26.5% during 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 acquiring an additional 617,466 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in New York Mortgage Trust by 38.9% during the second quarter. Schwab Charles Investment Management Inc. now owns 584,089 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 163,438 shares during the last quarter. Citadel Advisors LLC boosted its position in New York Mortgage Trust by 49.8% during the first quarter. Citadel Advisors LLC now owns 433,393 shares of the real estate investment trust’s stock worth $2,674,000 after acquiring an additional 144,033 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in New York Mortgage Trust by 53.5% during the first quarter. Parametric Portfolio Associates LLC now owns 345,102 shares of the real estate investment trust’s stock worth $2,129,000 after acquiring an additional 120,342 shares during the last quarter. 36.12% of the stock is owned by institutional investors and hedge funds.

A number of analysts recently issued reports on the stock. BidaskClub upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a research report on Friday, August 4th. Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Finally, 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 research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $6.42.

Shares of New York Mortgage Trust, Inc. (NYMT) opened at 6.28 on Friday. The company’s 50-day moving average is $6.24 and its 200-day moving average is $6.28. New York Mortgage Trust, Inc. has a 12 month low of $5.65 and a 12 month high of $7.04. The firm has a market cap of $702.68 million, a price-to-earnings ratio of 12.31 and a beta of 1.38.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 firm had revenue of $15.71 million for the quarter, compared to analyst estimates of $17.42 million. During the same quarter in the prior year, the firm earned $0.10 EPS. The firm’s revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts forecast that New York Mortgage Trust, Inc. will post $0.53 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 25th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.74%. New York Mortgage Trust’s dividend payout ratio is currently 156.87%.

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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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