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

Nuveen Asset Management LLC cut its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 1.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,755,517 shares of the real estate investment trust’s stock after selling 28,619 shares during the period. Nuveen Asset Management LLC’s holdings in New York Mortgage Trust were worth $6,478,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of NYMT. Morgan Stanley boosted its holdings in shares of New York Mortgage Trust by 85.7% in the 3rd quarter. Morgan Stanley now owns 5,371,018 shares of the real estate investment trust’s stock valued at $13,697,000 after buying an additional 2,478,672 shares during the period. BlackRock Inc. lifted its position in New York Mortgage Trust by 2.8% in the 4th quarter. BlackRock Inc. now owns 67,272,359 shares of the real estate investment trust’s stock valued at $248,236,000 after purchasing an additional 1,804,433 shares during the last quarter. Great Lakes Advisors LLC bought a new stake in New York Mortgage Trust in the 4th quarter valued at about $5,245,000. Van ECK Associates Corp lifted its position in New York Mortgage Trust by 32.3% in the 3rd quarter. Van ECK Associates Corp now owns 2,353,042 shares of the real estate investment trust’s stock valued at $6,000,000 after purchasing an additional 574,153 shares during the last quarter. Finally, Credit Suisse AG lifted its position in New York Mortgage Trust by 21.1% in the 4th quarter. Credit Suisse AG now owns 2,724,868 shares of the real estate investment trust’s stock valued at $10,054,000 after purchasing an additional 475,568 shares during the last quarter. 53.30% of the stock is owned by institutional investors and hedge funds.

A number of analysts have commented on the stock. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, February 24th. TheStreet raised shares of New York Mortgage Trust from a “d+” rating to a “c-” rating in a research report on Thursday, February 25th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. New York Mortgage Trust presently has a consensus rating of “Hold” and a consensus target price of $3.67.

NYMT opened at $4.49 on Friday. The firm’s 50-day simple moving average is $4.47 and its 200-day simple moving average is $3.69. The company has a debt-to-equity ratio of 1.31, a quick ratio of 45.25 and a current ratio of 45.25. New York Mortgage Trust, Inc. has a twelve month low of $1.51 and a twelve month high of $4.78. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of -4.49 and a beta of 2.00.

New York Mortgage Trust (NASDAQ:NYMT) last posted its earnings results on Wednesday, February 24th. The real estate investment trust reported $0.18 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.09 by $0.09. As a group, sell-side analysts anticipate that New York Mortgage Trust, Inc. will post -1.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 26th. Investors of record on Thursday, March 25th will be given a dividend of $0.10 per share. The ex-dividend date is Wednesday, March 24th. This represents a $0.40 annualized dividend and a yield of 8.92%. New York Mortgage Trust’s dividend payout ratio (DPR) is 62.50%.

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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.

Read More: Quiet Period Expirations

Want to see what other hedge funds are holding NYMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Mortgage Trust, Inc. (NASDAQ:NYMT).

Institutional Ownership by Quarter for New York Mortgage Trust (NASDAQ:NYMT)

Receive News & Ratings for New York Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.