State Street Corp Grows Stock Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

State Street Corp boosted its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 1.6% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,495,306 shares of the real estate investment trust’s stock after acquiring an additional 54,597 shares during the period. State Street Corp’s holdings in New York Mortgage Trust were worth $22,820,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in NYMT. Sequoia Financial Advisors LLC acquired a new position in shares of New York Mortgage Trust in the 3rd quarter valued at $76,000. Calton & Associates Inc. purchased a new stake in New York Mortgage Trust in the 3rd quarter valued at about $82,000. Evergreen Capital Management LLC acquired a new position in New York Mortgage Trust in the second quarter valued at about $83,000. AQR Capital Management LLC acquired a new position in New York Mortgage Trust in the second quarter valued at about $83,000. Finally, Entropy Technologies LP boosted its stake in New York Mortgage Trust by 53.9% during the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 6,700 shares during the period. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $7.75.

New York Mortgage Trust Stock Performance

Shares of New York Mortgage Trust stock opened at $5.94 on Monday. The stock has a market capitalization of $538.04 million, a price-to-earnings ratio of -18.00 and a beta of 1.94. New York Mortgage Trust, Inc. has a 12 month low of $5.14 and a 12 month high of $8.89. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. The business has a 50-day moving average of $5.91 and a 200 day moving average of $6.15.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th will be given a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.80 annualized dividend and a yield of 13.47%. 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.