First Trust Advisors LP acquired a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 89,029 shares of the real estate investment trust’s stock, valued at approximately $548,000. First Trust Advisors LP owned 0.08% of New York Mortgage Trust at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. ETRADE Capital Management LLC boosted its stake in New York Mortgage Trust by 4.2% during the second quarter. ETRADE Capital Management LLC now owns 21,127 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 851 shares during the period. BNP Paribas Arbitrage SA boosted its stake in New York Mortgage Trust by 183.4% during the second quarter. BNP Paribas Arbitrage SA now owns 21,139 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 13,679 shares during the period. Sei Investments Co. boosted its stake in New York Mortgage Trust by 50.4% during the second quarter. Sei Investments Co. now owns 23,931 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 8,018 shares during the period. Cetera Investment Advisers purchased a new position in New York Mortgage Trust during the second quarter worth about $160,000. Finally, Legal & General Group Plc boosted its stake in New York Mortgage Trust by 4.3% during the second quarter. Legal & General Group Plc now owns 27,094 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 1,106 shares during the period. 37.83% of the stock is owned by hedge funds and other institutional investors.

Several research analysts have weighed in on the stock. BidaskClub raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Maxim Group reaffirmed a “buy” rating and set a $6.50 target price on shares of New York Mortgage Trust in a research note on Monday, November 6th. Zacks Investment Research raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $7.00 target price for the company in a research note on Wednesday, November 8th. Barclays increased their target price on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 10th. Finally, B. Riley reaffirmed a “neutral” rating and set a $6.25 target price on shares of New York Mortgage Trust in a research note on Tuesday, November 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $6.35.

Shares of New York Mortgage Trust, Inc. (NASDAQ NYMT) opened at $6.40 on Friday. The stock has a market cap of $716.98, a PE ratio of 11.87 and a beta of 1.37. New York Mortgage Trust, Inc. has a 1 year low of $5.90 and a 1 year high of $7.04. The company has a debt-to-equity ratio of 13.26, a quick ratio of 71.04 and a current ratio of 71.04.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Monday, December 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 12.50%. New York Mortgage Trust’s dividend payout ratio is presently 148.15%.

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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.

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

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