Los Angeles Capital Management LLC Sells 11,300 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Los Angeles Capital Management LLC lowered its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 10.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,567 shares of the real estate investment trust’s stock after selling 11,300 shares during the quarter. Los Angeles Capital Management LLC owned 0.11% of New York Mortgage Trust worth $611,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Waterfall Asset Management LLC bought a new stake in New York Mortgage Trust in the second quarter valued at $1,727,000. AQR Capital Management LLC acquired a new position in New York Mortgage Trust during the 2nd quarter worth approximately $83,000. Sequoia Financial Advisors LLC acquired a new position in New York Mortgage Trust during the 3rd quarter worth approximately $76,000. Sei Investments Co. grew its stake in New York Mortgage Trust by 11.8% in the first quarter. Sei Investments Co. now owns 73,072 shares of the real estate investment trust’s stock valued at $526,000 after acquiring an additional 7,728 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of New York Mortgage Trust by 90.1% during the third quarter. SG Americas Securities LLC now owns 50,106 shares of the real estate investment trust’s stock valued at $317,000 after acquiring an additional 23,750 shares in the last quarter. Institutional investors and hedge funds own 54.89% of the company’s stock.

New York Mortgage Trust Trading Up 0.7 %

NASDAQ NYMT opened at $5.96 on Friday. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24. The business has a fifty day simple moving average of $5.96 and a 200 day simple moving average of $6.14. New York Mortgage Trust, Inc. has a 12 month low of $5.14 and a 12 month high of $9.67. The firm has a market capitalization of $539.86 million, a P/E ratio of -18.06 and a beta of 1.94.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Monday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.42%. The ex-dividend date was Monday, September 30th. New York Mortgage Trust’s payout ratio is currently -242.42%.

Analysts Set New Price Targets

NYMT has been the subject of several research reports. Janney Montgomery Scott initiated coverage on shares of New York Mortgage Trust in a research report on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 price target for the company. StockNews.com cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $7.75.

About New York Mortgage Trust

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.