Caxton Associates LP Acquires Shares of 11,442 New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Caxton Associates LP bought a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 11,442 shares of the real estate investment trust’s stock, valued at approximately $69,000.

Other large investors have also made changes to their positions in the company. Balyasny Asset Management L.P. boosted its stake in New York Mortgage Trust by 15.8% during the fourth quarter. Balyasny Asset Management L.P. now owns 978,838 shares of the real estate investment trust’s stock worth $5,932,000 after buying an additional 133,735 shares during the last quarter. BNP Paribas Financial Markets acquired a new position in shares of New York Mortgage Trust during the 4th quarter valued at about $130,000. Ameriprise Financial Inc. boosted its position in shares of New York Mortgage Trust by 12.5% during the 4th quarter. Ameriprise Financial Inc. now owns 270,842 shares of the real estate investment trust’s stock valued at $1,646,000 after acquiring an additional 30,005 shares during the last quarter. Mercer Global Advisors Inc. ADV purchased a new stake in shares of New York Mortgage Trust in the fourth quarter valued at about $116,000. Finally, Jane Street Group LLC increased its position in New York Mortgage Trust by 191.6% during the fourth quarter. Jane Street Group LLC now owns 479,428 shares of the real estate investment trust’s stock worth $2,905,000 after purchasing an additional 315,040 shares during the last quarter. 54.89% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

NYMT has been the subject of several analyst reports. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 1st. B. Riley increased their price objective on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a “buy” rating in a research report on Friday, May 2nd. Finally, Jones Trading restated a “buy” rating and issued a $7.50 target price on shares of New York Mortgage Trust in a research report on Friday, May 2nd.

New York Mortgage Trust Price Performance

Shares of NYMT opened at $6.58 on Friday. The firm has a 50-day simple moving average of $6.20 and a two-hundred day simple moving average of $6.10. 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, Inc. has a 1-year low of $5.02 and a 1-year high of $7.11. The stock has a market cap of $594.16 million, a PE ratio of -5.77 and a beta of 1.24.

New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.10. New York Mortgage Trust had a negative return on equity of 1.39% and a negative net margin of 15.46%. The company had revenue of $33.10 million for the quarter, compared to analyst estimates of $27.84 million. As a group, analysts forecast that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Monday, March 31st were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.16%. The ex-dividend date of this dividend was Monday, March 31st. New York Mortgage Trust’s payout ratio is -1,333.33%.

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, 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.