New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC decreased its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 925,260 shares of the real estate investment trust’s stock after selling 50,733 shares during the quarter. Wolverine Asset Management LLC owned 1.02% of New York Mortgage Trust worth $7,892,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of NYMT. Charles Schwab Investment Management Inc. grew its position in New York Mortgage Trust by 9.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,614 shares of the real estate investment trust’s stock valued at $11,849,000 after acquiring an additional 121,716 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in shares of New York Mortgage Trust during the third quarter worth approximately $466,000. Louisiana State Employees Retirement System acquired a new stake in shares of New York Mortgage Trust during the fourth quarter worth approximately $387,000. Van ECK Associates Corp grew its position in shares of New York Mortgage Trust by 6.6% during the third quarter. Van ECK Associates Corp now owns 559,377 shares of the real estate investment trust’s stock worth $4,749,000 after buying an additional 34,790 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of New York Mortgage Trust during the third quarter worth approximately $185,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

New York Mortgage Trust Stock Performance

New York Mortgage Trust stock traded up $0.14 during mid-day trading on Tuesday, reaching $7.20. The company’s stock had a trading volume of 586,360 shares, compared to its average volume of 590,789. The firm has a market cap of $656.93 million, a price-to-earnings ratio of -7.27 and a beta of 1.92. The business has a 50 day moving average price of $7.16 and a 200-day moving average price of $7.91. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 4.21. New York Mortgage Trust, Inc. has a twelve month low of $6.70 and a twelve month high of $10.63.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, March 25th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date is Friday, March 22nd. New York Mortgage Trust’s dividend payout ratio is presently -80.81%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. B. Riley reissued a “buy” rating and set a $11.00 price target (down previously from $15.00) on shares of New York Mortgage Trust in a research report on Monday, March 25th. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

New York Mortgage Trust Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.