Intech Investment Management LLC Makes New $122,000 Investment in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Intech Investment Management LLC acquired a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 20,948 shares of the real estate investment trust’s stock, valued at approximately $122,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in New York Mortgage Trust by 0.7% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 833,702 shares of the real estate investment trust’s stock valued at $6,003,000 after purchasing an additional 6,148 shares during the last quarter. Van ECK Associates Corp raised its holdings 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 worth $4,592,000 after buying an additional 207,344 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of 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 last quarter. EMG Holdings L.P. boosted its holdings in New York Mortgage Trust by 192.1% during the 4th quarter. EMG Holdings L.P. now owns 555,930 shares of the real estate investment trust’s stock valued at $4,742,000 after acquiring an additional 365,622 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in New York Mortgage Trust in the 2nd quarter valued at $630,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on NYMT. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Janney Montgomery Scott began coverage on shares of New York Mortgage Trust in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $7.75.

New York Mortgage Trust Price Performance

NYMT opened at $6.53 on Monday. The company has a current ratio of 6.46, a quick ratio of 6.46 and a debt-to-equity ratio of 6.30. The business’s fifty day simple moving average is $6.49 and its 200-day simple moving average is $6.48. The company has a market capitalization of $595.72 million, a price-to-earnings ratio of -3.53 and a beta of 1.94. New York Mortgage Trust, Inc. has a 12-month low of $5.51 and a 12-month high of $9.67.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be given a $0.20 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.80 annualized dividend and a dividend yield of 12.25%. New York Mortgage Trust’s payout ratio is presently -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.