OmniStar Financial Group Inc. Makes New $38,000 Investment in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

OmniStar Financial Group Inc. purchased a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 10,400 shares of the real estate investment trust’s stock, valued at approximately $38,000.

A number of other large investors also recently bought and sold shares of NYMT. Louisiana State Employees Retirement System grew its holdings in New York Mortgage Trust by 70.6% in the third quarter. Louisiana State Employees Retirement System now owns 174,900 shares of the real estate investment trust’s stock worth $446,000 after purchasing an additional 72,360 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of New York Mortgage Trust by 45.1% during the third quarter. Nisa Investment Advisors LLC now owns 195,782 shares of the real estate investment trust’s stock valued at $499,000 after buying an additional 60,870 shares during the last quarter. Clear Harbor Asset Management LLC grew its holdings in shares of New York Mortgage Trust by 109.4% during the third quarter. Clear Harbor Asset Management LLC now owns 858,500 shares of the real estate investment trust’s stock valued at $2,189,000 after buying an additional 448,500 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of New York Mortgage Trust by 317.9% during the third quarter. BNP Paribas Arbitrage SA now owns 97,279 shares of the real estate investment trust’s stock valued at $248,000 after buying an additional 74,001 shares during the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of New York Mortgage Trust by 73.5% during the third quarter. Teacher Retirement System of Texas now owns 21,729 shares of the real estate investment trust’s stock valued at $55,000 after buying an additional 9,205 shares during the last quarter. Institutional investors and hedge funds own 53.30% of the company’s stock.

A number of research analysts have recently issued reports on the stock. Bank of America lifted their price objective on shares of New York Mortgage Trust from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, November 25th. Zacks Investment Research upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Tuesday. BTIG Research began coverage on shares of New York Mortgage Trust in a report on Monday, November 23rd. They set a “neutral” rating on the stock. Finally, Maxim Group upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Wednesday, November 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $4.14.

Shares of NYMT stock opened at $4.16 on Tuesday. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -4.16 and a beta of 2.00. 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 52 week low of $0.98 and a 52 week high of $6.27. The firm’s 50-day simple moving average is $3.86 and its two-hundred day simple moving average is $3.21.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 25th. Shareholders of record on Thursday, December 17th were given a $0.10 dividend. This is a positive change from New York Mortgage Trust’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 16th. This represents a $0.40 annualized dividend and a yield of 9.62%. New York Mortgage Trust’s payout ratio is currently 62.50%.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non-qualified mortgage loans, second mortgages, residential bridge loans, and other residential mortgage loans; non-agency residential mortgage-backed securities(RMBS); agency RMBS and CMBS; and other mortgage-related, residential housing-related, and credit-related assets.

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

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