Bank of New York Mellon Corp Increases Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Bank of New York Mellon Corp boosted its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 760,054 shares of the real estate investment trust’s stock after purchasing an additional 42,007 shares during the period. Bank of New York Mellon Corp’s holdings in New York Mortgage Trust were worth $4,439,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in New York Mortgage Trust in the second quarter valued at approximately $154,000. Sax Wealth Advisors LLC bought a new stake in New York Mortgage Trust during the 1st quarter valued at $168,000. SageView Advisory Group LLC bought a new stake in New York Mortgage Trust during the 1st quarter valued at $178,000. Teacher Retirement System of Texas bought a new stake in New York Mortgage Trust during the 4th quarter valued at $201,000. Finally, New York State Common Retirement Fund raised its holdings in New York Mortgage Trust by 19.7% during the 4th quarter. New York State Common Retirement Fund now owns 34,025 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 5,594 shares during the period. Hedge funds and other institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT opened at $6.61 on Friday. The company has a market capitalization of $598.73 million, a price-to-earnings ratio of -3.57 and a beta of 1.94. The company has a debt-to-equity ratio of 6.30, a quick ratio of 6.46 and a current ratio of 6.46. The company has a 50 day simple moving average of $6.44 and a two-hundred day simple moving average of $6.52. New York Mortgage Trust, Inc. has a fifty-two week low of $5.51 and a fifty-two week high of $9.68.

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, June 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.10%. The ex-dividend date was Thursday, June 27th. New York Mortgage Trust’s dividend payout ratio is currently -43.24%.

Analysts Set New Price Targets

NYMT has been the topic of several research analyst reports. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday. Janney Montgomery Scott started coverage on shares of New York Mortgage Trust in a research report on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price target for the company. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $7.75.

About New York Mortgage Trust

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.