Creative Planning Sells 40,258 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Creative Planning trimmed its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 60.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,885 shares of the real estate investment trust’s stock after selling 40,258 shares during the period. Creative Planning’s holdings in New York Mortgage Trust were worth $116,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. grew its holdings in New York Mortgage Trust by 195.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,103,455 shares of the real estate investment trust’s stock valued at $4,932,000 after purchasing an additional 729,849 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its position in New York Mortgage Trust by 484.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,515,255 shares of the real estate investment trust’s stock valued at $11,243,000 after buying an additional 2,084,701 shares during the period. Ameriprise Financial Inc. boosted its position in New York Mortgage Trust by 4.4% in the 1st quarter. Ameriprise Financial Inc. now owns 1,692,374 shares of the real estate investment trust’s stock valued at $7,567,000 after buying an additional 71,074 shares during the period. Thrivent Financial for Lutherans boosted its position in New York Mortgage Trust by 50.0% in the 1st quarter. Thrivent Financial for Lutherans now owns 468,903 shares of the real estate investment trust’s stock valued at $2,096,000 after buying an additional 156,234 shares during the period. Finally, Citizens Financial Group Inc RI purchased a new stake in New York Mortgage Trust in the 1st quarter valued at about $45,000. Institutional investors own 53.88% of the company’s stock.

Shares of NYMT opened at $4.28 on Wednesday. The company has a 50 day moving average price of $4.35 and a 200-day moving average price of $4.46. New York Mortgage Trust, Inc. has a fifty-two week low of $2.41 and a fifty-two week high of $4.93. The stock has a market capitalization of $1.62 billion, a PE ratio of 6.79 and a beta of 1.93.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings results on Thursday, August 5th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. New York Mortgage Trust had a net margin of 148.35% and a return on equity of 10.13%. On average, equities analysts expect that New York Mortgage Trust, Inc. will post 0.46 earnings per share for the current fiscal year.

Several equities research analysts have issued reports on NYMT shares. Bank of America reissued an “underperform” rating and issued a $4.50 price objective on shares of New York Mortgage Trust in a research report on Monday, May 24th. Zacks Investment Research raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 9th. Finally, BTIG Research reissued a “hold” rating on shares of New York Mortgage Trust in a research report on Wednesday, June 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $4.94.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust, which engages in the acquisition, investment, finance and management of mortgage-related and residential housing-related assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest margin and capital gains from a diversified investment portfolio.

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

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