First Trust Direct Indexing L.P. Has $150,000 Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

First Trust Direct Indexing L.P. grew its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 22.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,631 shares of the real estate investment trust’s stock after acquiring an additional 4,376 shares during the period. First Trust Direct Indexing L.P.’s holdings in New York Mortgage Trust were worth $150,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of NYMT. Mirae Asset Global Investments Co. Ltd. raised its stake 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 worth $6,003,000 after acquiring an additional 6,148 shares during the last quarter. Sei Investments Co. raised its stake in shares of 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 acquiring an additional 7,728 shares during the last quarter. SageView Advisory Group LLC bought a new position in shares of New York Mortgage Trust in the first quarter worth about $178,000. Sax Wealth Advisors LLC bought a new position in shares of New York Mortgage Trust in the first quarter worth about $168,000. Finally, Price T Rowe Associates Inc. MD raised its stake in shares of New York Mortgage Trust by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 73,717 shares of the real estate investment trust’s stock worth $531,000 after acquiring an additional 3,723 shares during the last quarter. 54.89% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Janney Montgomery Scott began coverage on shares of New York Mortgage Trust in a research note on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 target price for the company. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Saturday, September 28th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, New York Mortgage Trust presently has an average rating of “Hold” and an average target price of $7.75.

New York Mortgage Trust Trading Up 0.5 %

NYMT opened at $5.71 on Wednesday. The company has a market cap of $517.21 million, a price-to-earnings ratio of -17.30 and a beta of 1.94. The firm has a 50 day simple moving average of $6.08 and a 200 day simple moving average of $6.21. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 6.46. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $9.67.

New York Mortgage Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, September 30th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 14.01%. The ex-dividend date was Monday, September 30th. New York Mortgage Trust’s dividend payout ratio is currently -242.42%.

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.