Rhumbline Advisers increased its position in NY MTG TR INC/SH (NASDAQ:NYMT) by 16.1% during the 1st quarter, HoldingsChannel.com reports. The firm owned 502,061 shares of the real estate investment trust’s stock after purchasing an additional 69,460 shares during the period. Rhumbline Advisers’ holdings in NY MTG TR INC/SH were worth $3,058,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Quadrant Capital Group LLC purchased a new stake in NY MTG TR INC/SH in the first quarter worth $31,000. Parallel Advisors LLC grew its stake in NY MTG TR INC/SH by 1,123.2% in the first quarter. Parallel Advisors LLC now owns 9,419 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 8,649 shares during the period. Oregon Public Employees Retirement Fund purchased a new stake in NY MTG TR INC/SH in the fourth quarter worth $59,000. Kovack Advisors Inc. purchased a new stake in NY MTG TR INC/SH in the fourth quarter worth $82,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in NY MTG TR INC/SH in the first quarter worth $111,000. 48.35% of the stock is currently owned by institutional investors.

NY MTG TR INC/SH stock opened at $6.04 on Friday. The company has a debt-to-equity ratio of 14.72, a quick ratio of 120.54 and a current ratio of 120.54. NY MTG TR INC/SH has a 12 month low of $5.58 and a 12 month high of $6.54. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 9.68 and a beta of 0.83.

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

Several equities research analysts recently weighed in on NYMT shares. Barclays cut NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 price target on the stock. in a research note on Thursday, February 28th. BidaskClub downgraded NY MTG TR INC/SH from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 6th. Nomura initiated coverage on NY MTG TR INC/SH in a report on Wednesday, March 27th. They issued a “buy” rating and a $6.50 target price on the stock. Maxim Group reissued a “buy” rating and issued a $6.75 target price on shares of NY MTG TR INC/SH in a report on Tuesday, May 7th. Finally, Zacks Investment Research downgraded NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. NY MTG TR INC/SH has an average rating of “Hold” and an average target price of $6.25.

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About NY MTG TR INC/SH

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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