Parallel Advisors LLC Has $57,000 Position in NY MTG TR INC/SH (NYMT)

Parallel Advisors LLC boosted its stake in shares of NY MTG TR INC/SH (NASDAQ:NYMT) by 1,123.2% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,419 shares of the real estate investment trust’s stock after acquiring an additional 8,649 shares during the quarter. Parallel Advisors LLC’s holdings in NY MTG TR INC/SH were worth $57,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently modified their holdings of the stock. Amalgamated Bank boosted its holdings in NY MTG TR INC/SH by 10.4% during the 4th quarter. Amalgamated Bank now owns 21,957 shares of the real estate investment trust’s stock valued at $129,000 after acquiring an additional 2,065 shares during the period. Janney Montgomery Scott LLC boosted its holdings in NY MTG TR INC/SH by 3.1% during the 4th quarter. Janney Montgomery Scott LLC now owns 78,265 shares of the real estate investment trust’s stock valued at $461,000 after acquiring an additional 2,332 shares during the period. Strs Ohio boosted its holdings in NY MTG TR INC/SH by 7.9% during the 1st quarter. Strs Ohio now owns 45,300 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 3,300 shares during the period. Piedmont Investment Advisors Inc. boosted its holdings in NY MTG TR INC/SH by 15.6% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 37,024 shares of the real estate investment trust’s stock valued at $218,000 after acquiring an additional 4,988 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in NY MTG TR INC/SH during the 1st quarter valued at about $31,000. Institutional investors own 43.35% of the company’s stock.

NYMT has been the subject of several analyst reports. Maxim Group restated a “buy” rating and set a $6.75 target price on shares of NY MTG TR INC/SH in a report on Tuesday, May 7th. Nomura initiated coverage on NY MTG TR INC/SH in a research report on Wednesday, March 27th. They set a “buy” rating and a $6.50 price target for the company. BidaskClub lowered NY MTG TR INC/SH from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 14th. Zacks Investment Research lowered NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Barclays lowered NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 price target for the company. in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $6.31.

NYMT opened at $6.06 on Wednesday. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 7.05 and a beta of 0.83. The company has a debt-to-equity ratio of 14.72, a current ratio of 120.54 and a quick ratio of 120.54. NY MTG TR INC/SH has a one year low of $5.58 and a one year high of $6.54.

NY MTG TR INC/SH (NASDAQ:NYMT) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.21 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.05. The business had revenue of $26.20 million during the quarter, compared to analyst estimates of $23.00 million. NY MTG TR INC/SH had a return on equity of 13.32% and a net margin of 21.47%.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Friday, March 29th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 13.20%. The ex-dividend date was Thursday, March 28th. NY MTG TR INC/SH’s payout ratio is 93.02%.

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NY MTG TR INC/SH Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

See Also: Net Income

Institutional Ownership by Quarter for NY MTG TR INC/SH (NASDAQ:NYMT)

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