GSA Capital Partners LLP Sells 98,749 Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT)

GSA Capital Partners LLP lowered its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 72.5% in the fourth quarter, Holdings Channel reports. The fund owned 37,459 shares of the real estate investment trust’s stock after selling 98,749 shares during the quarter. GSA Capital Partners LLP’s holdings in New York Mortgage Trust were worth $138,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Two Sigma Securities LLC bought a new position in shares of New York Mortgage Trust in the third quarter worth about $26,000. Mercer Global Advisors Inc. ADV bought a new position in shares of New York Mortgage Trust in the third quarter worth about $32,000. Advisor Partners LLC bought a new position in shares of New York Mortgage Trust in the third quarter worth about $41,000. Teacher Retirement System of Texas lifted its holdings in shares of New York Mortgage Trust by 73.5% in the third quarter. Teacher Retirement System of Texas now owns 21,729 shares of the real estate investment trust’s stock worth $55,000 after acquiring an additional 9,205 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of New York Mortgage Trust in the third quarter worth about $58,000. 53.30% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust stock opened at $4.16 on Tuesday. The company has a debt-to-equity ratio of 1.31, a quick ratio of 45.25 and a current ratio of 45.25. New York Mortgage Trust, Inc. has a 52-week low of $0.98 and a 52-week high of $6.27. The firm has a 50 day moving average price of $3.86 and a two-hundred day moving average price of $3.21. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -4.16 and a beta of 2.00.

The company also recently declared a quarterly dividend, which was paid on Monday, January 25th. Shareholders of record on Thursday, December 17th were issued a dividend of $0.10 per share. This is a positive change from New York Mortgage Trust’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Wednesday, December 16th. This represents a $0.40 annualized dividend and a yield of 9.62%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently 62.50%.

A number of brokerages recently issued reports on NYMT. Bank of America raised their price objective on shares of New York Mortgage Trust from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, November 25th. BTIG Research began coverage on shares of New York Mortgage Trust in a report on Monday, November 23rd. They issued a “neutral” rating for the company. Maxim Group upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Wednesday, November 11th. Finally, Zacks Investment Research upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $4.50 price objective for the company in a report on Tuesday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $4.14.

New York Mortgage Trust 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, residential bridge loans, and other residential mortgage loans; non-agency residential mortgage-backed securities(RMBS); agency RMBS and CMBS; and other mortgage-related, residential housing-related, and credit-related assets.

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Want to see what other hedge funds are holding NYMT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for New York Mortgage Trust, Inc. (NASDAQ:NYMT).

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

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