New York Mortgage Trust (NASDAQ:NYMT) Reaches New 1-Year Low at $5.59

New York Mortgage Trust, Inc. (NASDAQ:NYMT) hit a new 52-week low on Monday . The company traded as low as $5.59 and last traded at $5.70, with a volume of 25998 shares. The stock had previously closed at $6.17.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on NYMT shares. UBS Group reduced their target price on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. StockNews.com lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd.

New York Mortgage Trust Stock Up 4.4 %

The firm’s 50 day moving average price is $6.18 and its 200-day moving average price is $6.75. The company has a current ratio of 6.46, a quick ratio of 4.02 and a debt-to-equity ratio of 6.30. The company has a market cap of $557.40 million, a P/E ratio of -3.30 and a beta of 1.93.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, June 28th were paid a $0.20 dividend. The ex-dividend date was Thursday, June 27th. This represents a $0.80 dividend on an annualized basis and a yield of 13.09%. New York Mortgage Trust’s payout ratio is presently -43.24%.

Institutional Trading of New York Mortgage Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in shares of New York Mortgage Trust during the second quarter worth $630,000. Van ECK Associates Corp grew its position in shares of New York Mortgage Trust by 35.8% during the 2nd 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 increased its stake in shares of New York Mortgage Trust by 5.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 760,054 shares of the real estate investment trust’s stock valued at $4,439,000 after acquiring an additional 42,007 shares during the last quarter. Nisa Investment Advisors LLC raised its position in shares of New York Mortgage Trust by 2.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 69,223 shares of the real estate investment trust’s stock valued at $418,000 after acquiring an additional 1,634 shares during the period. Finally, SG Americas Securities LLC bought a new position in New York Mortgage Trust during the 2nd quarter worth approximately $154,000. Institutional investors own 54.89% of the company’s stock.

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.