Wolverine Asset Management LLC Has $7.89 Million Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Wolverine Asset Management LLC reduced its stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 5.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 925,260 shares of the real estate investment trust’s stock after selling 50,733 shares during the quarter. Wolverine Asset Management LLC’s holdings in New York Mortgage Trust were worth $7,892,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its stake 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 buying an additional 121,716 shares in the last quarter. Penserra Capital Management LLC increased its stake in shares of New York Mortgage Trust by 14.4% in the third quarter. Penserra Capital Management LLC now owns 48,456 shares of the real estate investment trust’s stock valued at $411,000 after buying an additional 6,095 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of New York Mortgage Trust by 9.1% in the fourth quarter. SG Americas Securities LLC now owns 23,802 shares of the real estate investment trust’s stock valued at $203,000 after buying an additional 1,979 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of New York Mortgage Trust by 13.9% in the third 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 in the last quarter. Finally, Van ECK Associates Corp increased its stake in shares of New York Mortgage Trust by 6.6% in the third quarter. Van ECK Associates Corp now owns 559,377 shares of the real estate investment trust’s stock valued at $4,749,000 after buying an additional 34,790 shares in the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

New York Mortgage Trust Trading Up 2.0 %

New York Mortgage Trust stock traded up $0.14 during mid-day trading on Tuesday, hitting $7.20. The stock had a trading volume of 586,360 shares, compared to its average volume of 590,789. The stock has a 50-day simple moving average of $7.16 and a two-hundred day simple moving average of $7.91. The stock has a market capitalization of $656.93 million, a PE ratio of -7.27 and a beta of 1.92. 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 current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 4.21.

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 25th. Shareholders of record on Monday, March 25th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 11.11%. The ex-dividend date is Friday, March 22nd. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -80.81%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on NYMT shares. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. B. Riley reiterated a “buy” rating and issued 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 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.