Teachers Advisors LLC Has $1.15 Million Position in New York Mortgage Trust, Inc. (NYMT)

Teachers Advisors LLC increased its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 2.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 185,746 shares of the real estate investment trust’s stock after buying an additional 3,870 shares during the quarter. Teachers Advisors LLC owned about 0.17% of New York Mortgage Trust worth $1,146,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Wellington Management Group LLP increased its holdings in New York Mortgage Trust by 1.0% during 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 in the last quarter. Van ECK Associates Corp grew its holdings in shares of New York Mortgage Trust by 12.1% in the first quarter. Van ECK Associates Corp now owns 482,326 shares of the real estate investment trust’s stock valued at $2,976,000 after acquiring an additional 52,119 shares in the last quarter. American International Group Inc. grew its holdings in shares of New York Mortgage Trust by 7.1% in the first quarter. American International Group Inc. now owns 67,761 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 4,475 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of New York Mortgage Trust in the first quarter valued at approximately $142,000. Finally, Raymond James Financial Services Advisors Inc. grew its holdings in shares of New York Mortgage Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,473 shares of the real estate investment trust’s stock valued at $102,000 after acquiring an additional 218 shares in the last quarter. 36.12% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. BidaskClub raised New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Zacks Investment Research lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods set a $6.00 price objective on New York Mortgage Trust and gave the company a “hold” rating in a report on Monday, August 14th. Finally, TheStreet lowered New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. 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. The stock has an average rating of “Hold” and a consensus price target of $6.42.

New York Mortgage Trust, Inc. (NASDAQ NYMT) traded up 1.43% during midday trading on Friday, hitting $6.38. The company’s stock had a trading volume of 2,390,528 shares. New York Mortgage Trust, Inc. has a 12 month low of $5.65 and a 12 month high of $7.04. The company’s 50 day moving average price is $6.24 and its 200 day moving average price is $6.28. The firm has a market cap of $713.86 million, a P/E ratio of 12.51 and a beta of 1.38.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.05%. The business had revenue of $15.71 million for the quarter, compared to the consensus estimate of $17.42 million. During the same period in the previous year, the firm earned $0.10 EPS. The company’s revenue was down 5.7% on a year-over-year basis. Analysts expect that New York Mortgage Trust, Inc. will post $0.53 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Monday, September 25th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.54%. The ex-dividend date is Friday, September 22nd. New York Mortgage Trust’s payout ratio is 156.87%.

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About New York Mortgage Trust

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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