44,971 Shares in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Acquired by Virtu Financial LLC

Virtu Financial LLC bought a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 44,971 shares of the real estate investment trust’s stock, valued at approximately $273,000.

A number of other hedge funds and other institutional investors have also modified their holdings of NYMT. Inceptionr LLC grew its holdings in shares of New York Mortgage Trust by 14.5% in the fourth quarter. Inceptionr LLC now owns 43,505 shares of the real estate investment trust’s stock valued at $264,000 after purchasing an additional 5,513 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of New York Mortgage Trust during the 4th quarter worth approximately $126,000. Illinois Municipal Retirement Fund purchased a new stake in shares of New York Mortgage Trust during the 4th quarter valued at approximately $281,000. Bank of New York Mellon Corp lifted its holdings in New York Mortgage Trust by 19.5% in the fourth quarter. Bank of New York Mellon Corp now owns 792,444 shares of the real estate investment trust’s stock valued at $4,802,000 after acquiring an additional 129,079 shares during the last quarter. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in New York Mortgage Trust in the fourth quarter worth approximately $49,000. 54.89% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust Stock Down 0.2 %

NASDAQ:NYMT opened at $6.65 on Friday. New York Mortgage Trust, Inc. has a 52 week low of $5.14 and a 52 week high of $7.35. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. The stock’s fifty day moving average is $6.43 and its two-hundred day moving average is $6.16. The stock has a market capitalization of $602.27 million, a price-to-earnings ratio of -5.83 and a beta of 1.93.

New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) 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 net margin of 15.46% and a negative return on equity of 1.39%. Research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.03%. The ex-dividend date of this dividend is Monday, March 31st. New York Mortgage Trust’s payout ratio is currently -70.18%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NYMT. B. Riley decreased their price target on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $7.00.

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.