Cetera Advisor Networks LLC Sells 9,944 Shares of New York Mortgage Trust, Inc. (NYMT)

Cetera Advisor Networks LLC reduced its position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 22.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 34,757 shares of the real estate investment trust’s stock after selling 9,944 shares during the quarter. Cetera Advisor Networks LLC’s holdings in New York Mortgage Trust were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in NYMT. Vanguard Group Inc. raised its holdings in New York Mortgage Trust by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 4,684,792 shares of the real estate investment trust’s stock worth $29,139,000 after purchasing an additional 169,079 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in New York Mortgage Trust by 38.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 584,089 shares of the real estate investment trust’s stock worth $3,634,000 after purchasing an additional 163,438 shares during the last quarter. Citadel Advisors LLC raised its holdings in New York Mortgage Trust by 29.5% during the 2nd quarter. Citadel Advisors LLC now owns 561,186 shares of the real estate investment trust’s stock worth $3,491,000 after purchasing an additional 127,793 shares during the last quarter. State Street Corp raised its holdings in New York Mortgage Trust by 5.8% during the 2nd quarter. State Street Corp now owns 2,325,571 shares of the real estate investment trust’s stock worth $14,468,000 after purchasing an additional 126,981 shares during the last quarter. Finally, Global X MANAGEMENT CO LLC raised its holdings in New York Mortgage Trust by 4.0% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 2,780,156 shares of the real estate investment trust’s stock worth $17,098,000 after purchasing an additional 105,844 shares during the last quarter. 37.83% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have weighed in on NYMT. Zacks Investment Research cut New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Barclays boosted their price objective on New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 10th. B. Riley restated a “neutral” rating and set a $6.25 target price on shares of New York Mortgage Trust in a research report on Tuesday, November 7th. Maxim Group restated a “buy” rating and set a $6.50 target price on shares of New York Mortgage Trust in a research report on Monday, November 6th. Finally, TheStreet upgraded New York Mortgage Trust from a “d+” rating to a “c” rating in a research report on Thursday, November 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $6.35.

New York Mortgage Trust, Inc. (NASDAQ NYMT) opened at $6.31 on Friday. The stock has a market capitalization of $716.98, a PE ratio of 11.87 and a beta of 1.37. New York Mortgage Trust, Inc. has a 12-month low of $5.90 and a 12-month high of $6.98. The company has a current ratio of 71.04, a quick ratio of 71.04 and a debt-to-equity ratio of 13.26.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Stockholders of record on Monday, December 18th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 12.68%. New York Mortgage Trust’s payout ratio is currently 148.15%.

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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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