New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Wolverine Asset Management LLC

Wolverine Asset Management LLC lowered its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 8.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 631,302 shares of the real estate investment trust’s stock after selling 59,902 shares during the period. Wolverine Asset Management LLC owned about 0.70% of New York Mortgage Trust worth $3,826,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in New York Mortgage Trust in the 4th quarter valued at about $49,000. McIlrath & Eck LLC acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at about $62,000. Sequoia Financial Advisors LLC acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at about $76,000. Wolverine Trading LLC acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at about $101,000. Finally, Entropy Technologies LP raised its position in New York Mortgage Trust by 53.9% in the 3rd quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 6,700 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

Analysts Set New Price Targets

NYMT has been the topic of a number of analyst reports. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Friday, February 14th. B. Riley cut their target price on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust Stock Performance

Shares of NASDAQ NYMT opened at $6.43 on Friday. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $7.52. The stock’s 50-day simple moving average is $6.03 and its 200-day simple moving average is $6.09.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). The firm had revenue of $26.71 million for the quarter, compared to analysts’ expectations of $20.06 million. New York Mortgage Trust had a negative return on equity of 1.37% and a negative net margin of 15.46%. Equities research analysts forecast that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a yield of 12.44%. New York Mortgage Trust’s dividend payout ratio is presently -70.18%.

New York Mortgage Trust 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.