Virtu Financial LLC Makes New $273,000 Investment in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Virtu Financial LLC acquired a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the 4th quarter, Holdings Channel reports. The firm acquired 44,971 shares of the real estate investment trust’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also made changes to their positions in NYMT. Inceptionr LLC raised its holdings in New York Mortgage Trust by 14.5% in the fourth quarter. Inceptionr LLC now owns 43,505 shares of the real estate investment trust’s stock valued at $264,000 after acquiring an additional 5,513 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of New York Mortgage Trust in the 4th quarter valued at approximately $49,000. McIlrath & Eck LLC acquired a new stake in shares of New York Mortgage Trust in the 3rd quarter valued at $62,000. Geode Capital Management LLC lifted its position in shares of 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 purchasing an additional 10,017 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of New York Mortgage Trust by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust’s stock worth $22,311,000 after purchasing an additional 12,237 shares in the last quarter. 54.89% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NYMT has been the topic of a number of analyst reports. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. B. Riley decreased their target price on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $6.65 on Friday. The company has a fifty day moving average of $6.43 and a two-hundred day moving average of $6.16. The company has a market capitalization of $602.27 million, a PE ratio of -5.83 and a beta of 1.93. New York Mortgage Trust, Inc. has a 1 year low of $5.14 and a 1 year high of $7.35. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25.

New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). The firm had revenue of $26.71 million during the quarter, compared to analyst estimates of $20.06 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. As a group, analysts expect that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.03%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -70.18%.

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.