Piedmont Investment Advisors Inc. lifted its holdings in shares of NY MTG TR INC/SH (NASDAQ:NYMT) by 24.9% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 46,253 shares of the real estate investment trust’s stock after buying an additional 9,229 shares during the quarter. Piedmont Investment Advisors Inc.’s holdings in NY MTG TR INC/SH were worth $282,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. New York State Common Retirement Fund boosted its holdings in shares of NY MTG TR INC/SH by 14.4% in the 1st quarter. New York State Common Retirement Fund now owns 155,900 shares of the real estate investment trust’s stock valued at $949,000 after purchasing an additional 19,600 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of NY MTG TR INC/SH by 9.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 64,948 shares of the real estate investment trust’s stock valued at $396,000 after purchasing an additional 5,777 shares during the last quarter. Mason Street Advisors LLC boosted its holdings in shares of NY MTG TR INC/SH by 23.4% in the 1st quarter. Mason Street Advisors LLC now owns 59,604 shares of the real estate investment trust’s stock valued at $363,000 after purchasing an additional 11,285 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in shares of NY MTG TR INC/SH by 52.7% in the 1st quarter. New York State Teachers Retirement System now owns 361,496 shares of the real estate investment trust’s stock valued at $2,202,000 after purchasing an additional 124,812 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new position in shares of NY MTG TR INC/SH in the 1st quarter valued at $148,000. Institutional investors and hedge funds own 47.70% of the company’s stock.

NASDAQ:NYMT opened at $6.14 on Tuesday. The company has a current ratio of 120.54, a quick ratio of 120.54 and a debt-to-equity ratio of 14.72. The firm has a market cap of $1.27 billion, a P/E ratio of 7.14 and a beta of 0.81. NY MTG TR INC/SH has a twelve month low of $5.58 and a twelve month high of $6.54.

NY MTG TR INC/SH (NASDAQ:NYMT) last posted its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. The business had revenue of $26.20 million for the quarter, compared to analyst estimates of $23.00 million. NY MTG TR INC/SH had a net margin of 21.47% and a return on equity of 13.32%. Sell-side analysts forecast that NY MTG TR INC/SH will post 0.64 EPS for the current year.

A number of brokerages have weighed in on NYMT. BidaskClub lowered shares of NY MTG TR INC/SH from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. Maxim Group reiterated a “buy” rating and issued a $6.75 price target on shares of NY MTG TR INC/SH in a report on Tuesday, May 7th. Nomura began coverage on shares of NY MTG TR INC/SH in a report on Wednesday, March 27th. They issued a “buy” rating and a $6.50 price target on the stock. Zacks Investment Research lowered shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a report on Friday. Finally, Barclays lowered shares of NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 target price on the stock. in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $6.25.

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NY MTG TR INC/SH Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

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Institutional Ownership by Quarter for NY MTG TR INC/SH (NASDAQ:NYMT)

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