Geode Capital Management LLC Buys 10,017 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Geode Capital Management LLC grew its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 0.4% during the third quarter, HoldingsChannel reports. The firm owned 2,261,614 shares of the real estate investment trust’s stock after purchasing an additional 10,017 shares during the quarter. Geode Capital Management LLC’s holdings in New York Mortgage Trust were worth $14,320,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. State Street Corp boosted its stake in shares of New York Mortgage Trust by 1.6% during the 3rd quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust’s stock valued at $22,820,000 after purchasing an additional 54,597 shares in the last quarter. EMG Holdings L.P. lifted its position in New York Mortgage Trust by 103.8% during the 2nd quarter. EMG Holdings L.P. now owns 1,199,850 shares of the real estate investment trust’s stock valued at $7,007,000 after acquiring an additional 610,971 shares during the period. Van ECK Associates Corp lifted its position in New York Mortgage Trust by 35.8% during the 2nd quarter. Van ECK Associates Corp now owns 786,273 shares of the real estate investment trust’s stock valued at $4,592,000 after acquiring an additional 207,344 shares during the period. Bank of New York Mellon Corp lifted its position in New York Mortgage Trust by 5.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 760,054 shares of the real estate investment trust’s stock valued at $4,439,000 after acquiring an additional 42,007 shares during the period. Finally, Waterfall Asset Management LLC purchased a new position in New York Mortgage Trust during the 2nd quarter valued at about $1,727,000. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Stock Down 0.3 %

Shares of New York Mortgage Trust stock opened at $5.77 on Tuesday. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25. The stock has a market capitalization of $522.64 million, a PE ratio of -17.48 and a beta of 1.94. New York Mortgage Trust, Inc. has a 52-week low of $5.14 and a 52-week high of $8.61. The company has a 50-day simple moving average of $5.93 and a two-hundred day simple moving average of $6.15.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th will be issued 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 13.86%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -242.42%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.75.

New York Mortgage Trust Company 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.