Allegis Investment Advisors LLC Sells 12,146 Shares of New York Mortgage Trust, Inc. (NYMT)

Allegis Investment Advisors LLC reduced its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 21.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 45,733 shares of the real estate investment trust’s stock after selling 12,146 shares during the period. Allegis Investment Advisors LLC’s holdings in New York Mortgage Trust were worth $284,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Services Advisors Inc. boosted its stake in shares of New York Mortgage Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,473 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 218 shares during the period. Infrastructure Capital Advisors LLC acquired a new stake in shares of New York Mortgage Trust during the first quarter worth approximately $370,000. Great Lakes Advisors LLC boosted its stake in shares of New York Mortgage Trust by 17.3% in the first quarter. Great Lakes Advisors LLC now owns 192,631 shares of the real estate investment trust’s stock worth $1,189,000 after buying an additional 28,468 shares during the period. Parametric Portfolio Associates LLC boosted its stake in shares of New York Mortgage Trust by 53.5% in the first quarter. Parametric Portfolio Associates LLC now owns 345,102 shares of the real estate investment trust’s stock worth $2,129,000 after buying an additional 120,342 shares during the period. Finally, Karp Capital Management Corp acquired a new stake in shares of New York Mortgage Trust during the first quarter worth approximately $467,000. Institutional investors and hedge funds own 36.13% of the company’s stock.

Shares of New York Mortgage Trust, Inc. (NASDAQ NYMT) opened at 6.21 on Friday. The company has a 50 day moving average of $6.24 and a 200-day moving average of $6.31. The stock has a market cap of $694.84 million, a price-to-earnings ratio of 12.18 and a beta of 1.38. New York Mortgage Trust, Inc. has a one year low of $5.65 and a one year high of $7.04.

New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.04. New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.05%. The firm had revenue of $15.71 million during the quarter, compared to analyst estimates of $17.42 million. During the same period in the previous year, the firm posted $0.10 EPS. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. On average, analysts anticipate that New York Mortgage Trust, Inc. will post $0.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 26th were paid a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.88%. The ex-dividend date of this dividend was Thursday, June 22nd. New York Mortgage Trust’s payout ratio is 156.87%.

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A number of equities research analysts have recently commented on the stock. BidaskClub cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Keefe, Bruyette & Woods set a $6.00 price objective on shares of New York Mortgage Trust and gave the company a “hold” rating in a report on Monday. Finally, TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.42.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

Institutional Ownership by Quarter for New York Mortgage Trust (NASDAQ:NYMT)

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