Everence Capital Management Inc. Sells 7,210 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Everence Capital Management Inc. trimmed its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 31.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,372 shares of the real estate investment trust’s stock after selling 7,210 shares during the period. Everence Capital Management Inc.’s holdings in New York Mortgage Trust were worth $97,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Evergreen Capital Management LLC bought a new position in New York Mortgage Trust during the second quarter valued at approximately $83,000. AQR Capital Management LLC bought a new position in New York Mortgage Trust during the second quarter valued at approximately $83,000. Intech Investment Management LLC bought a new position in New York Mortgage Trust during the second quarter valued at approximately $122,000. Squarepoint Ops LLC bought a new position in New York Mortgage Trust during the second quarter valued at approximately $136,000. Finally, SG Americas Securities LLC bought a new position in New York Mortgage Trust during the second quarter valued at approximately $154,000. 54.89% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

NYMT has been the topic of a number of recent research reports. Janney Montgomery Scott initiated coverage on shares of New York Mortgage Trust in a research report on Tuesday, August 13th. They set a “neutral” rating and a $7.00 price target on the stock. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock 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 $5.31 on Wednesday. The firm has a market cap of $484.42 million, a PE ratio of -2.87 and a beta of 1.94. New York Mortgage Trust, Inc. has a fifty-two week low of $5.28 and a fifty-two week high of $9.67. The company has a debt-to-equity ratio of 6.30, a quick ratio of 6.46 and a current ratio of 6.46. The business has a 50 day moving average price of $6.27 and a 200-day moving average price of $6.32.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 15.07%. The ex-dividend date of this dividend is Monday, September 30th. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -43.24%.

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.