New York Mortgage Trust, Inc. (NASDAQ:NYMT) Stake Reduced by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 15.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 484,229 shares of the real estate investment trust’s stock after selling 90,644 shares during the period. JPMorgan Chase & Co. owned approximately 0.43% of New York Mortgage Trust worth $2,987,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. LSV Asset Management raised its position in shares of New York Mortgage Trust by 11.3% in the first quarter. LSV Asset Management now owns 3,457,511 shares of the real estate investment trust’s stock valued at $21,332,000 after buying an additional 349,811 shares during the period. Two Sigma Investments LP bought a new position in shares of New York Mortgage Trust during the fourth quarter valued at approximately $2,060,000. State Street Corp raised its position in shares of New York Mortgage Trust by 7.7% in the fourth quarter. State Street Corp now owns 2,164,690 shares of the real estate investment trust’s stock valued at $14,284,000 after buying an additional 153,943 shares during the period. Parametric Portfolio Associates LLC raised its position in shares of New York Mortgage Trust by 53.5% in the first quarter. Parametric Portfolio Associates LLC now owns 345,102 shares of the real estate investment trust’s stock valued at $2,129,000 after buying an additional 120,342 shares during the period. Finally, Karp Capital Management Corp bought a new position in shares of New York Mortgage Trust during the first quarter valued at approximately $467,000. 36.21% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust, Inc. (NASDAQ:NYMT) traded up 1.15% during mid-day trading on Tuesday, reaching $6.17. 823,909 shares of the company’s stock were exchanged. The company’s 50-day moving average is $6.31 and its 200 day moving average is $6.33. The firm has a market capitalization of $690.07 million, a P/E ratio of 12.00 and a beta of 1.38. New York Mortgage Trust, Inc. has a one year low of $5.65 and a one year high of $7.04.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by $0.04. The company had revenue of $15.71 million during the quarter, compared to analysts’ expectations of $17.42 million. New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.01%. The business’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS. Equities analysts predict that New York Mortgage Trust, Inc. will post $0.58 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 26th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.97%. The ex-dividend date of this dividend was Thursday, June 22nd. New York Mortgage Trust’s payout ratio is 156.87%.

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Several research analysts have commented on NYMT shares. Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Keefe, Bruyette & Woods set a $6.00 price objective on shares of New York Mortgage Trust and gave the stock a “hold” rating in a report on Wednesday, May 10th. BidaskClub upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a research note on Friday. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $6.42.

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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