UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 16.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 156,514 shares of the real estate investment trust’s stock after buying an additional 21,676 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in New York Mortgage Trust were worth $991,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Intech Investment Management LLC lifted its stake in shares of New York Mortgage Trust by 91.5% in the third quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 19,165 shares in the last quarter. Entropy Technologies LP increased its holdings in New York Mortgage Trust by 53.9% during the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 6,700 shares during the last quarter. First Trust Direct Indexing L.P. increased its stake in shares of New York Mortgage Trust by 22.7% in the third quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 4,376 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in New York Mortgage Trust in the third quarter valued at $76,000. Finally, Calton & Associates Inc. bought a new stake in shares of New York Mortgage Trust in the 3rd quarter worth about $82,000. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, New York Mortgage Trust has an average rating of “Hold” and an average price target of $7.75.

New York Mortgage Trust Price Performance

Shares of NASDAQ:NYMT opened at $6.04 on Thursday. The company has a market cap of $547.10 million, a PE ratio of -18.30 and a beta of 1.94. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $9.02. The firm has a 50-day simple moving average of $5.89 and a 200 day simple moving average of $6.15. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 7.24.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Friday, December 20th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 13.25%. The ex-dividend date is Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is -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.