State of New Jersey Common Pension Fund D Purchases 27,969 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

State of New Jersey Common Pension Fund D boosted its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 10.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 289,307 shares of the real estate investment trust’s stock after buying an additional 27,969 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in New York Mortgage Trust were worth $2,468,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of New York Mortgage Trust during the third quarter valued at $185,000. New York State Teachers Retirement System increased its holdings in New York Mortgage Trust by 2.4% in the third quarter. New York State Teachers Retirement System now owns 134,612 shares of the real estate investment trust’s stock valued at $1,143,000 after purchasing an additional 3,100 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its position in New York Mortgage Trust by 35.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,539 shares of the real estate investment trust’s stock worth $208,000 after purchasing an additional 6,425 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in New York Mortgage Trust by 0.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 899,889 shares of the real estate investment trust’s stock worth $7,640,000 after buying an additional 6,705 shares during the period. Finally, Nisa Investment Advisors LLC grew its position in shares of New York Mortgage Trust by 13.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 95,809 shares of the real estate investment trust’s stock valued at $813,000 after buying an additional 11,721 shares during the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NYMT. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. B. Riley restated a “buy” rating and set a $11.00 price target (down previously from $15.00) on shares of New York Mortgage Trust in a report on Monday, March 25th.

New York Mortgage Trust Trading Up 2.5 %

Shares of NYMT opened at $7.02 on Thursday. The firm’s fifty day simple moving average is $7.11 and its two-hundred day simple moving average is $7.86. New York Mortgage Trust, Inc. has a 12 month low of $6.70 and a 12 month high of $10.63. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 4.21.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, March 25th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 annualized dividend and a yield of 11.40%. New York Mortgage Trust’s dividend payout ratio is currently -80.81%.

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.