Waterfall Asset Management LLC Acquires New Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Waterfall Asset Management LLC bought a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the second quarter, HoldingsChannel.com reports. The fund bought 295,800 shares of the real estate investment trust’s stock, valued at approximately $1,727,000. New York Mortgage Trust accounts for 0.9% of Waterfall Asset Management LLC’s portfolio, making the stock its 14th biggest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. EMG Holdings L.P. lifted its holdings in New York Mortgage Trust by 192.1% during the 4th quarter. EMG Holdings L.P. now owns 555,930 shares of the real estate investment trust’s stock valued at $4,742,000 after buying an additional 365,622 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of New York Mortgage Trust during the second quarter valued at approximately $630,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of New York Mortgage Trust by 0.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 833,702 shares of the real estate investment trust’s stock valued at $6,003,000 after purchasing an additional 6,148 shares during the period. Sei Investments Co. grew its stake in New York Mortgage Trust by 11.8% in the first quarter. Sei Investments Co. now owns 73,072 shares of the real estate investment trust’s stock worth $526,000 after purchasing an additional 7,728 shares in the last quarter. Finally, Van ECK Associates Corp increased its holdings in New York Mortgage Trust by 1.3% during the 1st quarter. Van ECK Associates Corp now owns 578,929 shares of the real estate investment trust’s stock worth $4,168,000 after purchasing an additional 7,316 shares during the period. 54.89% of the stock is currently owned by institutional investors.

New York Mortgage Trust Stock Down 0.6 %

New York Mortgage Trust stock opened at $6.53 on Friday. The company has a quick ratio of 6.46, a current ratio of 6.46 and a debt-to-equity ratio of 6.30. The firm has a market cap of $595.72 million, a P/E ratio of -3.53 and a beta of 1.94. The business has a fifty day moving average of $6.49 and a two-hundred day moving average of $6.48. New York Mortgage Trust, Inc. has a twelve month low of $5.51 and a twelve month high of $9.67.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.25%. The ex-dividend date is Monday, September 30th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -43.24%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Saturday. Janney Montgomery Scott assumed coverage on New York Mortgage Trust in a report on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 price objective for the company. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the stock 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.