Creative Planning decreased its position in New York Mortgage Trust Inc (NASDAQ:NYMT) by 36.6% in the 4th quarter, HoldingsChannel reports. The fund owned 71,626 shares of the real estate investment trust’s stock after selling 41,391 shares during the period. Creative Planning’s holdings in New York Mortgage Trust were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of NYMT. Vanguard Group Inc. grew its position in shares of New York Mortgage Trust by 3.7% in the 2nd quarter. Vanguard Group Inc. now owns 4,684,792 shares of the real estate investment trust’s stock worth $29,139,000 after acquiring an additional 169,079 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of New York Mortgage Trust by 38.9% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 584,089 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 163,438 shares in the last quarter. State Street Corp grew its position in shares of New York Mortgage Trust by 5.8% in the 2nd quarter. State Street Corp now owns 2,325,571 shares of the real estate investment trust’s stock worth $14,468,000 after acquiring an additional 126,981 shares in the last quarter. Global X MANAGEMENT CO LLC grew its position in shares of New York Mortgage Trust by 4.0% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,780,156 shares of the real estate investment trust’s stock worth $17,098,000 after acquiring an additional 105,844 shares in the last quarter. Finally, Royal Bank of Canada grew its position in shares of New York Mortgage Trust by 27.1% in the 2nd quarter. Royal Bank of Canada now owns 465,612 shares of the real estate investment trust’s stock worth $2,897,000 after acquiring an additional 99,163 shares in the last quarter. Institutional investors own 37.94% of the company’s stock.

Several research analysts have recently commented on NYMT shares. Zacks Investment Research lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. BidaskClub lowered New York Mortgage Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Keefe, Bruyette & Woods set a $6.00 target price on New York Mortgage Trust and gave the stock a “hold” rating in a research report on Sunday, November 12th. Maxim Group reiterated a “buy” rating and issued a $6.50 target price on shares of New York Mortgage Trust in a research report on Monday, November 6th. Finally, TheStreet upgraded New York Mortgage Trust from a “d+” rating to a “c” rating in a research report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.35.

New York Mortgage Trust Inc (NASDAQ:NYMT) opened at $5.54 on Friday. New York Mortgage Trust Inc has a 12-month low of $5.52 and a 12-month high of $6.74. The stock has a market capitalization of $637.57 and a P/E ratio of 10.26. The company has a debt-to-equity ratio of 13.26, a quick ratio of 71.04 and a current ratio of 71.04.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. New York Mortgage Trust had a return on equity of 10.78% and a net margin of 20.23%. The business had revenue of $13.32 million during the quarter, compared to analyst estimates of $22.10 million. equities analysts forecast that New York Mortgage Trust Inc will post 0.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Monday, December 18th were given a dividend of $0.20 per share. The ex-dividend date was Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 14.44%. New York Mortgage Trust’s dividend payout ratio is currently 148.15%.

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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.

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

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