Graham Capital Management L.P. Grows Holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Graham Capital Management L.P. increased its position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 21.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,769 shares of the real estate investment trust’s stock after acquiring an additional 16,269 shares during the quarter. Graham Capital Management L.P. owned about 0.10% of New York Mortgage Trust worth $556,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in New York Mortgage Trust in the 4th quarter worth approximately $49,000. Caxton Associates LP bought a new position in New York Mortgage Trust in the 4th quarter worth approximately $69,000. Tower Research Capital LLC TRC boosted its stake in New York Mortgage Trust by 18.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,945 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 2,014 shares during the period. Guggenheim Capital LLC bought a new position in shares of New York Mortgage Trust during the 4th quarter valued at approximately $80,000. Finally, Stifel Financial Corp bought a new position in shares of New York Mortgage Trust during the 4th quarter valued at approximately $86,000. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Stock Up 2.9%

Shares of New York Mortgage Trust stock opened at $7.19 on Friday. The firm’s 50 day moving average price is $6.20 and its 200-day moving average price is $6.15. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. New York Mortgage Trust, Inc. has a 52-week low of $5.02 and a 52-week high of $7.19. The company has a market cap of $649.24 million, a P/E ratio of -6.31 and a beta of 1.24.

New York Mortgage Trust (NASDAQ:NYMT) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.10. The company had revenue of $33.10 million during the quarter, compared to analysts’ expectations of $27.84 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. On average, sell-side analysts predict that New York Mortgage Trust, Inc. will post 0.51 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Monday, March 31st were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 11.13%. The ex-dividend date of this dividend was Monday, March 31st. New York Mortgage Trust’s dividend payout ratio (DPR) is -1,333.33%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. B. Riley increased their target price on New York Mortgage Trust from $8.00 to $9.00 and gave the company a “buy” rating in a research report on Friday, May 2nd. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 1st. Finally, Jones Trading restated a “buy” rating and set a $7.50 price target on shares of New York Mortgage Trust in a report on Friday, May 2nd.

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.