Sequoia Financial Advisors LLC Takes $76,000 Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Sequoia Financial Advisors LLC acquired a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 11,953 shares of the real estate investment trust’s stock, valued at approximately $76,000.

A number of other hedge funds have also bought and sold shares of NYMT. EMG Holdings L.P. grew its holdings 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 buying an additional 610,971 shares in the last quarter. Waterfall Asset Management LLC bought a new position in shares of New York Mortgage Trust in the second quarter valued at approximately $1,727,000. Van ECK Associates Corp boosted its position in shares of New York Mortgage Trust by 35.8% in the second 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. Los Angeles Capital Management LLC purchased a new position in New York Mortgage Trust during the second quarter valued at approximately $630,000. Finally, Bank of New York Mellon Corp increased its holdings 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 worth $4,439,000 after acquiring an additional 42,007 shares during the period. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Janney Montgomery Scott started coverage on New York Mortgage Trust in a report on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.75.

New York Mortgage Trust Price Performance

NYMT stock opened at $5.60 on Thursday. The company has a debt-to-equity ratio of 6.30, a current ratio of 6.46 and a quick ratio of 6.46. New York Mortgage Trust, Inc. has a 1 year low of $5.14 and a 1 year high of $9.67. The firm has a 50-day moving average of $6.13 and a 200 day moving average of $6.23. The company has a market cap of $507.25 million, a P/E ratio of -3.24 and a beta of 1.94.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Monday, September 30th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 14.29%. The ex-dividend date was Monday, September 30th. New York Mortgage Trust’s payout ratio is -46.24%.

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.