New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 0.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,633,729 shares of the real estate investment trust’s stock after purchasing an additional 12,237 shares during the period. Allspring Global Investments Holdings LLC owned approximately 4.01% of New York Mortgage Trust worth $22,311,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of NYMT. The Manufacturers Life Insurance Company raised its position in shares of New York Mortgage Trust by 5.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 1,901 shares during the period. First Trust Direct Indexing L.P. lifted its stake in shares of New York Mortgage Trust by 22.7% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust’s stock valued at $150,000 after purchasing an additional 4,376 shares during the last quarter. Entropy Technologies LP lifted its stake in shares of 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 during the last quarter. McIlrath & Eck LLC acquired a new stake in shares of New York Mortgage Trust during the 3rd quarter worth about $62,000. Finally, Geode Capital Management LLC raised its holdings in New York Mortgage Trust by 0.4% in the 3rd quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock valued at $14,320,000 after buying an additional 10,017 shares during the period. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on NYMT. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Friday. 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust Stock Up 1.0 %

Shares of NYMT opened at $6.15 on Friday. The company’s 50-day simple moving average is $6.06 and its 200-day simple moving average is $6.09. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25. New York Mortgage Trust, Inc. has a 1 year low of $5.14 and a 1 year high of $7.64. The stock has a market capitalization of $557.07 million, a PE ratio of -18.64 and a beta of 1.92.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a yield of 13.01%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -242.42%.

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.