EMG Holdings L.P. Has $4.40 Million Stock Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

EMG Holdings L.P. trimmed its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 45.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 726,121 shares of the real estate investment trust’s stock after selling 610,971 shares during the period. New York Mortgage Trust accounts for approximately 2.6% of EMG Holdings L.P.’s investment portfolio, making the stock its 6th biggest position. EMG Holdings L.P.’s holdings in New York Mortgage Trust were worth $4,400,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Intech Investment Management LLC raised its stake in New York Mortgage Trust by 91.5% in the third quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 19,165 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of New York Mortgage Trust by 16.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 156,514 shares of the real estate investment trust’s stock worth $991,000 after acquiring an additional 21,676 shares during the last quarter. State Street Corp increased its holdings in shares of New York Mortgage Trust by 1.6% during the 3rd quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust’s stock worth $22,820,000 after acquiring an additional 54,597 shares during the last quarter. Wolverine Trading LLC bought a new stake in New York Mortgage Trust in the 3rd quarter valued at $101,000. Finally, Jane Street Group LLC lifted its holdings in New York Mortgage Trust by 17.5% during the 3rd quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 24,430 shares during the last quarter. 54.89% of the stock is owned by institutional investors.

New York Mortgage Trust Price Performance

NYMT stock opened at $6.49 on Wednesday. The business’s fifty day moving average price is $6.46 and its two-hundred day moving average price is $6.16. The stock has a market capitalization of $587.78 million, a price-to-earnings ratio of -5.69 and a beta of 1.93. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $7.35. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly 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 business had revenue of $26.71 million for the quarter, compared to the consensus estimate of $20.06 million. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. On average, equities analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current year.

New York Mortgage Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 12.33%. The ex-dividend date of this dividend is Monday, March 31st. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -70.18%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NYMT shares. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. B. Riley decreased their price target on shares of 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. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.