New York Mortgage Trust (NASDAQ:NYMT) Reaches New 52-Week Low at $6.70

New York Mortgage Trust, Inc. (NASDAQ:NYMT)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $6.70 and last traded at $6.74, with a volume of 91875 shares. The stock had previously closed at $6.87.

Analysts Set New Price Targets

Several equities research analysts have issued reports on NYMT shares. B. Riley restated a “buy” rating and set a $11.00 price objective (down from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd.

New York Mortgage Trust Stock Down 1.0 %

The company has a debt-to-equity ratio of 4.21, a current ratio of 4.29 and a quick ratio of 4.29. The stock has a fifty day moving average price of $7.22 and a two-hundred day moving average price of $7.97.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 25th. Stockholders of record on Monday, March 25th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.76%. New York Mortgage Trust’s dividend payout ratio (DPR) is -80.81%.

Institutional Investors Weigh In On New York Mortgage Trust

A number of institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. increased its holdings in shares of New York Mortgage Trust by 2.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 179,463 shares of the real estate investment trust’s stock valued at $1,531,000 after acquiring an additional 5,111 shares during the last quarter. Barclays PLC grew its stake in New York Mortgage Trust by 221.3% during the 4th quarter. Barclays PLC now owns 142,882 shares of the real estate investment trust’s stock worth $1,219,000 after buying an additional 98,415 shares during the last quarter. Nuveen Asset Management LLC grew its stake in New York Mortgage Trust by 1.4% during the 4th quarter. Nuveen Asset Management LLC now owns 225,318 shares of the real estate investment trust’s stock worth $1,922,000 after buying an additional 3,048 shares during the last quarter. Public Sector Pension Investment Board grew its stake in New York Mortgage Trust by 66.8% during the 4th quarter. Public Sector Pension Investment Board now owns 188,180 shares of the real estate investment trust’s stock worth $1,605,000 after buying an additional 75,396 shares during the last quarter. Finally, Brevan Howard Capital Management LP bought a new position in New York Mortgage Trust during the 4th quarter worth $91,000. 54.89% of the stock is currently owned by institutional investors.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.