Zurcher Kantonalbank Zurich Cantonalbank Cuts Stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 29.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,387 shares of the real estate investment trust’s stock after selling 7,152 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in New York Mortgage Trust were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in shares of New York Mortgage Trust by 9.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,395,614 shares of the real estate investment trust’s stock valued at $11,849,000 after acquiring an additional 121,716 shares in the last quarter. Wolverine Asset Management LLC grew its stake in New York Mortgage Trust by 7.0% during the 3rd quarter. Wolverine Asset Management LLC now owns 975,993 shares of the real estate investment trust’s stock valued at $8,286,000 after acquiring an additional 63,504 shares in the last quarter. Illinois Municipal Retirement Fund acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at about $466,000. Louisiana State Employees Retirement System acquired a new stake in shares of New York Mortgage Trust in the fourth quarter valued at approximately $387,000. Finally, Van ECK Associates Corp raised its holdings in shares of New York Mortgage Trust by 6.6% during the 3rd quarter. Van ECK Associates Corp now owns 559,377 shares of the real estate investment trust’s stock worth $4,749,000 after acquiring an additional 34,790 shares during the period. 54.89% of the stock is currently owned by institutional investors and hedge funds.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT opened at $6.02 on Thursday. The company has a market capitalization of $549.19 million, a price-to-earnings ratio of -3.25 and a beta of 1.91. The business has a 50-day moving average of $7.00 and a 200-day moving average of $7.78. New York Mortgage Trust, Inc. has a 1-year low of $5.78 and a 1-year high of $10.63. The company has a debt-to-equity ratio of 5.03, a current ratio of 4.02 and a quick ratio of 4.29.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported ($0.30) EPS for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.42). The company had revenue of $83.89 million for the quarter, compared to the consensus estimate of $19.64 million. New York Mortgage Trust had a negative net margin of 44.65% and a negative return on equity of 2.60%. During the same quarter last year, the company earned $0.11 earnings per share. On average, equities analysts anticipate that New York Mortgage Trust, Inc. will post 0.55 EPS for the current fiscal year.

New York Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, March 25th were issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 13.29%. The ex-dividend date was Friday, March 22nd. New York Mortgage Trust’s dividend payout ratio (DPR) is -43.24%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. StockNews.com cut New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Friday, May 3rd. UBS Group dropped their price objective on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday. B. Riley restated a “buy” rating and issued a $11.00 price objective (down previously from $15.00) on shares of New York Mortgage Trust in a research report on Monday, March 25th. Finally, Keefe, Bruyette & Woods cut their price objective on New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating for the company in a research report on Friday, May 3rd.

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.