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Texas Permanent School Fund Corporation increased its stock position in New York Mortgage Trust Co. (Nasdaq: NYMT – Free Report) during the third quarter, according to the company’s most recent Form 13F filing with the stock exchange. It is said that the amount was reduced by 4.1%. commission. The fund now owns 76,987 shares of the real estate investment trust’s stock after selling 3,261 shares during the period. Texas Permanent School Fund Corp.’s holdings in New York Mortgage Trust were worth $654,000 as of its latest filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their positions in NYMT. Centiva Capital LP purchased a new stake in New York Mortgage Trust during the 4th quarter valued at approximately $35,000. Envestnet Asset Management Inc. bought a new stake in New York Mortgage Trust in the 3rd quarter worth his $36,000. Raymond James Financial Services Advisors Inc. purchased a new stake in New York Mortgage Trust in the 1st quarter valued at $37,000. Belpointe Asset Management LLC increased its position in New York Mortgage Trust by 71.9% in the 1st quarter. Belpointe Asset Management LLC now owns 4,095 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,713 shares during the last quarter. Finally, CI Private Wealth LLC acquired a new position in New York Mortgage Trust during the 4th quarter valued at approximately $41,000. Institutional investors and hedge funds own 52.98% of the company’s stock.
New York Mortgage Trust shares rise 1.5%
New York Mortgage Trust stock began trading at $7.34 on Friday. The company has a market capitalization of $665.59 million, a P/E ratio of -7.41 and a beta of 1.96. New York Mortgage Trust has a 12-month low of $7.12 and a 12-month high of $10.80. The company’s 50 day moving average is $8.11 and its 200 day moving average is $8.48. The company has a quick ratio of 12.41, a current ratio of 4.29 and a debt-to-equity ratio of 4.21.
New York Mortgage Trust cuts dividend
The company also recently announced a quarterly dividend, which was paid on Friday, January 26th. The shareholder of record on Tuesday, December 26th was awarded a dividend of $0.20 per share. The ex-dividend date was Friday, December 22nd. This equates to a dividend of $0.80 per year and a dividend yield of 10.90%. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -80.81%.
Wall Street analysts predict growth
Several analysts have commented on the company recently. UBS Group began coverage on New York Mortgage Trust in a report on Wednesday, December 6th. The company gave the stock a “neutral” rating and a price target of $8.50. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday. Four research analysts have rated the stock with a hold rating and one has rated it a buy. Based on data from MarketBeat.com, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus price target of $11.63.
Get the latest NYMT stock report
New York Mortgage Trust Profile
(Free report)
New York Mortgage Trust, Inc acquires, invests in, finances, and manages residential mortgage-related single-family and multifamily properties in the United States. Eligible investments include mortgages, including business loans. Structured multifamily real estate investments, such as preferred stock and mezzanine loans to owners of multifamily real estate. Non-agency mortgage-backed securities (RMBS). Agency RMBS; Commercial Mortgage-Backed Securities (CMBS). Single-family rental property. Other mortgage, housing, and credit-related assets.
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Curious if other hedge funds own NYMT? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for New York Mortgage Trust, Inc. (NASDAQ:NYMT – Free Report).
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