New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 15.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 273,562 shares of the real estate investment trust’s stock after selling 48,438 shares during the period. New York State Common Retirement Fund owned about 0.07% of New York Mortgage Trust worth $1,165,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company grew its holdings in New York Mortgage Trust by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 210,861 shares of the real estate investment trust’s stock worth $943,000 after acquiring an additional 2,339 shares in the last quarter. Profund Advisors LLC grew its holdings in New York Mortgage Trust by 5.8% during the 2nd quarter. Profund Advisors LLC now owns 51,723 shares of the real estate investment trust’s stock worth $231,000 after acquiring an additional 2,820 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in New York Mortgage Trust by 6.4% during the 2nd quarter. Mutual of America Capital Management LLC now owns 53,920 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 3,243 shares in the last quarter. Clear Street Markets LLC grew its holdings in New York Mortgage Trust by 7.0% during the 3rd quarter. Clear Street Markets LLC now owns 61,200 shares of the real estate investment trust’s stock worth $261,000 after acquiring an additional 4,000 shares in the last quarter. Finally, Sigma Planning Corp grew its holdings in New York Mortgage Trust by 28.1% during the 2nd quarter. Sigma Planning Corp now owns 20,504 shares of the real estate investment trust’s stock worth $92,000 after acquiring an additional 4,498 shares in the last quarter. 54.25% of the stock is owned by institutional investors.

Separately, Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday, November 5th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. According to MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $5.08.

NASDAQ NYMT opened at $3.78 on Friday. New York Mortgage Trust, Inc. has a one year low of $3.51 and a one year high of $4.93. The company has a 50-day simple moving average of $3.89 and a 200-day simple moving average of $4.19. The company has a debt-to-equity ratio of 1.22, a quick ratio of 18.94 and a current ratio of 18.94. The firm has a market capitalization of $1.43 billion, a PE ratio of 7.56 and a beta of 1.85.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.02). New York Mortgage Trust had a net margin of 118.27% and a return on equity of 10.80%. During the same quarter last year, the business earned $0.07 earnings per share. Equities analysts forecast that New York Mortgage Trust, Inc. will post 0.43 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 25th. Investors of record on Monday, December 27th will be given a $0.10 dividend. The ex-dividend date is Thursday, December 23rd. This represents a $0.40 annualized dividend and a yield of 10.58%. New York Mortgage Trust’s dividend payout ratio is presently 80.00%.

New York Mortgage Trust Profile

New York Mortgage Trust, Inc is a real estate investment trust, which engages in the acquisition, investment, finance and management of mortgage-related and residential housing-related assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest margin and capital gains from a diversified investment portfolio.

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Institutional Ownership by Quarter for New York Mortgage Trust (NASDAQ:NYMT)

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