Los Angeles Capital Management LLC Decreases Stock Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Los Angeles Capital Management LLC lowered its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 10.5% during the 3rd quarter, Holdings Channel reports. The firm owned 96,567 shares of the real estate investment trust’s stock after selling 11,300 shares during the period. Los Angeles Capital Management LLC’s holdings in New York Mortgage Trust were worth $611,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the business. Sequoia Financial Advisors LLC purchased a new position in shares of New York Mortgage Trust in the 3rd quarter worth about $76,000. Calton & Associates Inc. purchased a new position in New York Mortgage Trust in the third quarter valued at about $82,000. Evergreen Capital Management LLC bought a new position in shares of New York Mortgage Trust during the 2nd quarter valued at approximately $83,000. AQR Capital Management LLC purchased a new stake in shares of New York Mortgage Trust during the 2nd quarter worth approximately $83,000. Finally, Intech Investment Management LLC bought a new stake in shares of New York Mortgage Trust in the 2nd quarter worth approximately $122,000. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Stock Up 0.7 %

NYMT opened at $5.96 on Friday. New York Mortgage Trust, Inc. has a 12 month low of $5.14 and a 12 month high of $9.67. The company has a market cap of $539.86 million, a PE ratio of -18.06 and a beta of 1.94. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24. The company has a 50 day moving average of $5.96 and a 200 day moving average of $6.14.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Monday, September 30th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date was Monday, September 30th. New York Mortgage Trust’s payout ratio is currently -242.42%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on NYMT shares. Janney Montgomery Scott started coverage on New York Mortgage Trust in a report on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price objective for the company. StockNews.com downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, New York Mortgage Trust has an average rating of “Hold” and a consensus target price of $7.75.

New York Mortgage Trust Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.