New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares Sold by Entropy Technologies LP

Entropy Technologies LP lessened its holdings in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 28.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,727 shares of the real estate investment trust’s stock after selling 5,400 shares during the period. Entropy Technologies LP’s holdings in New York Mortgage Trust were worth $83,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. The Manufacturers Life Insurance Company raised its holdings in shares of New York Mortgage Trust by 5.6% during the second quarter. The Manufacturers Life Insurance Company now owns 36,132 shares of the real estate investment trust’s stock valued at $211,000 after buying an additional 1,901 shares during the last quarter. First Trust Direct Indexing L.P. raised its holdings in shares of New York Mortgage Trust by 22.7% during the third quarter. First Trust Direct Indexing L.P. now owns 23,631 shares of the real estate investment trust’s stock valued at $150,000 after buying an additional 4,376 shares during the last quarter. McIlrath & Eck LLC bought a new stake in shares of New York Mortgage Trust during the third quarter valued at approximately $62,000. Geode Capital Management LLC raised its holdings in shares of New York Mortgage Trust by 0.4% during the third quarter. Geode Capital Management LLC now owns 2,261,614 shares of the real estate investment trust’s stock valued at $14,320,000 after buying an additional 10,017 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of New York Mortgage Trust during the third quarter valued at approximately $76,000. Institutional investors own 54.89% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. B. Riley dropped their target price on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a report on Tuesday, January 7th. StockNews.com raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Friday. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, New York Mortgage Trust has an average rating of “Hold” and a consensus target price of $7.00.

New York Mortgage Trust Price Performance

Shares of NASDAQ:NYMT opened at $6.15 on Friday. New York Mortgage Trust, Inc. has a one year low of $5.14 and a one year high of $7.64. The stock has a fifty day moving average of $6.06 and a 200-day moving average of $6.10. The company has a market capitalization of $557.06 million, a PE ratio of -18.64 and a beta of 1.92. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were given a dividend of $0.20 per share. The ex-dividend date was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.01%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -242.42%.

New York Mortgage Trust 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.