Wolverine Trading LLC Purchases New Shares in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Wolverine Trading LLC acquired a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 15,456 shares of the real estate investment trust’s stock, valued at approximately $101,000.

A number of other large investors have also recently made changes to their positions in NYMT. Sequoia Financial Advisors LLC purchased a new stake in New York Mortgage Trust during the 3rd quarter valued at $76,000. Calton & Associates Inc. bought a new position in New York Mortgage Trust during the third quarter valued at $82,000. Evergreen Capital Management LLC purchased a new stake in shares of New York Mortgage Trust in the second quarter valued at $83,000. AQR Capital Management LLC bought a new stake in shares of New York Mortgage Trust in the 2nd quarter worth about $83,000. Finally, Entropy Technologies LP boosted its stake in shares of New York Mortgage Trust by 53.9% during the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 6,700 shares during the period. 54.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, November 19th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $7.75.

New York Mortgage Trust Trading Up 0.2 %

NYMT stock opened at $6.52 on Tuesday. New York Mortgage Trust, Inc. has a 12 month low of $5.14 and a 12 month high of $9.02. The firm’s 50-day moving average is $5.87 and its 200 day moving average is $6.15. The company has a market capitalization of $590.58 million, a PE ratio of -19.76 and a beta of 1.94. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 12.27%. The ex-dividend date of this dividend is Friday, December 20th. New York Mortgage Trust’s dividend payout ratio is presently -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.