Texas Permanent School Fund Corp Has $122,000 Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Texas Permanent School Fund Corp decreased its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 73.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 20,948 shares of the real estate investment trust’s stock after selling 57,894 shares during the period. Texas Permanent School Fund Corp’s holdings in New York Mortgage Trust were worth $122,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NYMT. SG Americas Securities LLC acquired a new position in New York Mortgage Trust during the 2nd quarter worth $154,000. Sax Wealth Advisors LLC bought a new position in shares of New York Mortgage Trust during the 1st quarter worth about $168,000. SageView Advisory Group LLC bought a new position in shares of New York Mortgage Trust during the 1st quarter worth about $178,000. Teacher Retirement System of Texas bought a new position in shares of New York Mortgage Trust during the 4th quarter worth about $201,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of New York Mortgage Trust by 2.4% during the 2nd quarter. Nisa Investment Advisors LLC now owns 69,223 shares of the real estate investment trust’s stock worth $418,000 after purchasing an additional 1,634 shares during the period. Institutional investors and hedge funds own 54.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on NYMT. Janney Montgomery Scott began coverage on shares of New York Mortgage Trust in a report on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price objective on the stock. StockNews.com downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $7.75.

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $6.74 on Monday. The stock has a market cap of $614.88 million, a P/E ratio of -3.64 and a beta of 1.94. The company’s 50-day simple moving average is $6.50 and its 200 day simple moving average is $6.50. New York Mortgage Trust, Inc. has a twelve month low of $5.51 and a twelve month high of $9.67. The company has a quick ratio of 6.46, a current ratio of 6.46 and a debt-to-equity ratio of 6.30.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be paid a $0.20 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.80 dividend on an annualized basis and a yield of 11.87%. New York Mortgage Trust’s payout ratio is currently -43.24%.

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.