New York Mortgage Trust (NASDAQ:NYMT) Hits New 12-Month Low at $5.59

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

Wall Street Analyst Weigh In

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

New York Mortgage Trust Trading Down 4.1 %

The company has a debt-to-equity ratio of 6.30, a current ratio of 6.46 and a quick ratio of 4.02. The company’s fifty day moving average is $6.17 and its 200-day moving average is $6.78. The stock has a market cap of $536.23 million, a PE ratio of -3.34 and a beta of 1.93.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 29th. Investors of record on Friday, June 28th were issued a dividend of $0.20 per share. The ex-dividend date was Thursday, June 27th. This represents a $0.80 annualized dividend and a dividend yield of 13.51%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -43.24%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its position in shares of New York Mortgage Trust by 9.1% in the fourth quarter. SG Americas Securities LLC now owns 23,802 shares of the real estate investment trust’s stock valued at $203,000 after purchasing an additional 1,979 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $387,000. New York State Common Retirement Fund grew its position in shares of New York Mortgage Trust by 19.7% in the fourth quarter. New York State Common Retirement Fund now owns 34,025 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 5,594 shares during the period. Yousif Capital Management LLC grew its position in shares of New York Mortgage Trust by 11.7% in the fourth quarter. Yousif Capital Management LLC now owns 51,046 shares of the real estate investment trust’s stock valued at $435,000 after purchasing an additional 5,352 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in New York Mortgage Trust by 10.7% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 289,307 shares of the real estate investment trust’s stock worth $2,468,000 after acquiring an additional 27,969 shares during the last quarter. Hedge funds and other institutional investors own 54.89% of the company’s stock.

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.