Wells Fargo & Company MN raised its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 8.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 102,423 shares of the real estate investment trust’s stock after buying an additional 7,947 shares during the period. Wells Fargo & Company MN owned 0.09% of New York Mortgage Trust worth $632,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. boosted its stake in New York Mortgage Trust by 6.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 16,255 shares of the real estate investment trust’s stock worth $107,000 after buying an additional 1,000 shares during the last quarter. Prospera Financial Services Inc boosted 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 during the last quarter. GSA Capital Partners LLP boosted its stake in New York Mortgage Trust by 21.3% in the fourth quarter. GSA Capital Partners LLP now owns 41,600 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 7,300 shares during the last quarter. WealthTrust Axiom LLC boosted its stake 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 worth $334,000 after buying an additional 1,000 shares during the last quarter. Finally, Teachers Advisors LLC boosted its stake in shares of 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 worth $1,200,000 after buying an additional 3,806 shares in the last quarter. 36.05% of the stock is owned by institutional investors and hedge funds.

Shares of New York Mortgage Trust, Inc. (NYMT) traded down 2.71% during mid-day trading on Friday, reaching $6.11. The company’s stock had a trading volume of 1,832,687 shares. New York Mortgage Trust, Inc. has a 52-week low of $5.65 and a 52-week high of $7.04. The company has a 50-day moving average price of $6.33 and a 200 day moving average price of $6.33. The company has a market cap of $683.36 million, a PE ratio of 11.89 and a beta of 1.38.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly 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. The company had revenue of $15.71 million during the quarter, compared to analysts’ expectations of $17.42 million. New York Mortgage Trust had a net margin of 20.53% and a return on equity of 9.98%. New York Mortgage Trust’s revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.10 earnings per share. Equities analysts expect that New York Mortgage Trust, Inc. will post $0.60 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Monday, June 26th were given a $0.20 dividend. The ex-dividend date was Thursday, June 22nd. 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 (DPR) is presently 156.86%.

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A number of equities research analysts recently issued reports on NYMT shares. BidaskClub upgraded New York Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Finally, Keefe, Bruyette & Woods set a $6.00 price objective on New York Mortgage Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. New York Mortgage Trust presently has an average rating of “Hold” and a consensus price target of $6.31.

About New York Mortgage Trust

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.

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

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