The Manufacturers Life Insurance Company boosted its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,638 shares of the real estate investment trust’s stock after purchasing an additional 4,923 shares during the quarter. The Manufacturers Life Insurance Company owned approximately 0.08% of New York Mortgage Trust worth $564,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of NYMT. Wellington Management Group LLP boosted its stake in New York Mortgage Trust by 1.0% in the 1st quarter. Wellington Management Group LLP now owns 68,865 shares of the real estate investment trust’s stock worth $425,000 after purchasing an additional 707 shares during the period. Teachers Advisors LLC boosted its stake in New York Mortgage Trust by 2.1% in the 1st quarter. Teachers Advisors LLC now owns 185,746 shares of the real estate investment trust’s stock worth $1,146,000 after purchasing an additional 3,870 shares during the period. Vanguard Group Inc. boosted its stake in New York Mortgage Trust by 2.7% in the 1st quarter. Vanguard Group Inc. now owns 4,515,713 shares of the real estate investment trust’s stock worth $27,862,000 after purchasing an additional 119,586 shares during the period. Geode Capital Management LLC boosted its stake in New York Mortgage Trust by 11.5% in the 1st quarter. Geode Capital Management LLC now owns 918,770 shares of the real estate investment trust’s stock worth $5,668,000 after purchasing an additional 94,769 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its stake in New York Mortgage Trust by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 420,651 shares of the real estate investment trust’s stock worth $2,596,000 after purchasing an additional 23,256 shares during the period. Institutional investors and hedge funds own 37.10% of the company’s stock.

New York Mortgage Trust, Inc. (NYMT) opened at $6.48 on Thursday. The company has a current ratio of 71.04, a quick ratio of 71.04 and a debt-to-equity ratio of 13.26. The company has a market capitalization of $725.93, a P/E ratio of 12.02 and a beta of 1.36. New York Mortgage Trust, Inc. has a 52-week low of $5.90 and a 52-week high of $7.04.

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Monday, September 25th were given a dividend of $0.20 per share. The ex-dividend date was Friday, September 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.35%. New York Mortgage Trust’s dividend payout ratio is currently 148.15%.

Several research firms have weighed in on NYMT. Keefe, Bruyette & Woods set a $6.00 price target on New York Mortgage Trust and gave the stock a “hold” rating in a research note on Monday, August 14th. Barclays PLC upped their price target on 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. TheStreet downgraded New York Mortgage Trust from a “c” rating to a “d+” rating in a research report on Friday, August 4th. BidaskClub downgraded New York Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, B. Riley reiterated a “neutral” rating and set a $6.25 target price on shares of New York Mortgage Trust in a research report on Tuesday, November 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. New York Mortgage Trust presently has a consensus rating of “Hold” and a consensus target price of $6.35.

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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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