67,148 Shares in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC purchased a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 67,148 shares of the real estate investment trust’s stock, valued at approximately $407,000. Janney Montgomery Scott LLC owned approximately 0.07% of New York Mortgage Trust as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in NYMT. Barclays PLC raised its holdings 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 valued at $955,000 after buying an additional 117,206 shares during the last quarter. State Street Corp raised its stake in shares of New York Mortgage Trust by 1.6% in the third quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust’s stock worth $22,820,000 after acquiring an additional 54,597 shares during the last quarter. Jane Street Group LLC lifted its position in shares of New York Mortgage Trust by 17.5% during the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock worth $1,041,000 after purchasing an additional 24,430 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of New York Mortgage Trust by 90.1% during the third quarter. SG Americas Securities LLC now owns 50,106 shares of the real estate investment trust’s stock valued at $317,000 after purchasing an additional 23,750 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of New York Mortgage Trust in the second quarter valued at approximately $136,000. 54.89% of the stock is owned by institutional investors.

New York Mortgage Trust Price Performance

Shares of NYMT stock opened at $6.17 on Tuesday. The firm’s 50 day moving average price is $6.06 and its two-hundred day moving average price is $6.10. The stock has a market cap of $558.87 million, a PE ratio of -18.70 and a beta of 1.92. New York Mortgage Trust, Inc. has a 52-week low of $5.14 and a 52-week high of $7.68. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.97%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -242.42%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NYMT shares. B. Riley reduced their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, February 5th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $7.00.

About New York Mortgage Trust

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.