Principal Financial Group Inc. Has $2.70 Million Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Principal Financial Group Inc. decreased its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.1% in the third quarter, HoldingsChannel reports. The firm owned 426,988 shares of the real estate investment trust’s stock after selling 22,972 shares during the period. Principal Financial Group Inc.’s holdings in New York Mortgage Trust were worth $2,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC boosted its position in shares of New York Mortgage Trust by 347.4% in the third quarter. Barclays PLC now owns 150,946 shares of the real estate investment trust’s stock worth $955,000 after buying an additional 117,206 shares during the period. McIlrath & Eck LLC purchased a new stake in New York Mortgage Trust in the 3rd quarter worth about $62,000. Geode Capital Management LLC boosted its position in New York Mortgage Trust by 0.4% during the 3rd quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock worth $14,320,000 after acquiring an additional 10,017 shares during the period. Jane Street Group LLC grew its stake in New York Mortgage Trust by 17.5% during the 3rd quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock valued at $1,041,000 after acquiring an additional 24,430 shares in the last quarter. Finally, Wolverine Trading LLC purchased a new position in New York Mortgage Trust during the 3rd quarter valued at about $101,000. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

New York Mortgage Trust Price Performance

Shares of NASDAQ:NYMT opened at $6.31 on Friday. The firm has a market cap of $571.55 million, a price-to-earnings ratio of -19.12 and a beta of 1.94. New York Mortgage Trust, Inc. has a 1 year low of $5.14 and a 1 year high of $8.61. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24. The business has a fifty day simple moving average of $6.01 and a 200 day simple moving average of $6.15.

New York Mortgage Trust Dividend Announcement

The company 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 dividend on an annualized basis and a dividend yield of 12.68%. The ex-dividend date is Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -242.42%.

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.