Investors Purchase Large Volume of NY MTG TR INC/SH Put Options (NYMT)

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NY MTG TR INC/SH (NASDAQ:NYMT) saw some unusual options trading activity on Thursday. Stock investors bought 2,231 put options on the stock. This is an increase of approximately 914% compared to the typical volume of 220 put options.

Several institutional investors and hedge funds have recently modified their holdings of NYMT. Amalgamated Bank grew its holdings in shares of NY MTG TR INC/SH by 10.4% during the fourth quarter. Amalgamated Bank now owns 21,957 shares of the real estate investment trust’s stock valued at $129,000 after purchasing an additional 2,065 shares during the last quarter. Janney Montgomery Scott LLC increased its position in NY MTG TR INC/SH by 3.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 78,265 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 2,332 shares during the last quarter. Strs Ohio increased its position in NY MTG TR INC/SH by 12.3% during the fourth quarter. Strs Ohio now owns 42,000 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 4,600 shares during the last quarter. Piedmont Investment Advisors Inc. grew its position in shares of NY MTG TR INC/SH by 15.6% in the fourth quarter. Piedmont Investment Advisors Inc. now owns 37,024 shares of the real estate investment trust’s stock valued at $218,000 after purchasing an additional 4,988 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its stake in shares of NY MTG TR INC/SH by 8.9% in the fourth quarter. New York State Common Retirement Fund now owns 136,300 shares of the real estate investment trust’s stock valued at $803,000 after buying an additional 11,100 shares during the period. Institutional investors own 49.95% of the company’s stock.

NASDAQ NYMT opened at $6.25 on Friday. The firm has a market cap of $978.12 million, a PE ratio of 9.47 and a beta of 0.88. The company has a debt-to-equity ratio of 13.55, a current ratio of 88.96 and a quick ratio of 88.95. NY MTG TR INC/SH has a twelve month low of $5.47 and a twelve month high of $6.54.

NY MTG TR INC/SH (NASDAQ:NYMT) last posted its quarterly earnings results on Thursday, February 21st. The real estate investment trust reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.14). NY MTG TR INC/SH had a net margin of 25.07% and a return on equity of 17.13%. As a group, equities analysts expect that NY MTG TR INC/SH will post 0.79 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Friday, December 14th were issued a $0.20 dividend. The ex-dividend date was Thursday, December 13th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.80%. NY MTG TR INC/SH’s dividend payout ratio (DPR) is 121.21%.

A number of equities research analysts have recently weighed in on NYMT shares. BidaskClub lowered shares of NY MTG TR INC/SH from a “strong-buy” rating to a “buy” rating in a report on Thursday, February 14th. Zacks Investment Research raised shares of NY MTG TR INC/SH from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday, December 12th. Maxim Group reiterated a “buy” rating and issued a $6.75 price objective on shares of NY MTG TR INC/SH in a research note on Tuesday, November 6th. Finally, ValuEngine raised shares of NY MTG TR INC/SH from a “sell” rating to a “hold” rating in a report on Wednesday, December 5th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.58.

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NY MTG TR INC/SH 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; distressed residential assets comprising residential mortgage loans sourced from distressed markets and non-agency residential mortgage-backed securities (RMBS); agency RMBS, and other mortgage-related and residential housing-related assets.

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