Prudential Financial Inc. grew its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 166,720 shares of the real estate investment trust’s stock after purchasing an additional 940 shares during the quarter. Prudential Financial Inc. owned 0.15% of New York Mortgage Trust worth $1,037,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Services Advisors Inc. boosted its stake in shares of New York Mortgage Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,473 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 218 shares during the period. Wellington Management Group LLP boosted its stake in shares of New York Mortgage Trust by 1.0% in the first quarter. Wellington Management Group LLP now owns 68,865 shares of the real estate investment trust’s stock valued at $425,000 after purchasing an additional 707 shares during the period. Legal & General Group Plc boosted its stake in shares of New York Mortgage Trust by 4.3% in the second quarter. Legal & General Group Plc now owns 27,094 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 1,106 shares during the period. Prospera Financial Services Inc boosted its stake in shares of New York Mortgage Trust by 12.9% in the second quarter. Prospera Financial Services Inc now owns 24,754 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 2,824 shares during the period. Finally, Metropolitan Life Insurance Co. NY boosted its stake in shares of New York Mortgage Trust by 4.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 75,249 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 3,161 shares during the period. 36.11% of the stock is owned by institutional investors and hedge funds.

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Several research firms have recently commented on NYMT. Keefe, Bruyette & Woods set a $6.00 price objective on shares of New York Mortgage Trust and gave the company a “hold” rating in a research note on Monday, August 14th. TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a research note on Friday, August 4th. BidaskClub lowered shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, August 1st. Finally, Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $6.42.

Shares of New York Mortgage Trust, Inc. (NASDAQ NYMT) opened at 6.32 on Friday. New York Mortgage Trust, Inc. has a one year low of $5.65 and a one year high of $7.04. The firm has a market cap of $707.15 million, a PE ratio of 12.39 and a beta of 1.37. The company has a 50-day moving average of $6.26 and a 200 day moving average of $6.27.

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 for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 10.05% and a net margin of 19.62%. The firm’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.10 EPS. On average, equities research analysts expect that New York Mortgage Trust, Inc. will post $0.53 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 25th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.66%. The ex-dividend date is Friday, September 22nd. New York Mortgage Trust’s dividend payout ratio is presently 156.87%.

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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