Sterling Capital Management LLC Invests $969,000 in NY Mtg Tr Inc/SH (NYMT) Stock

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Sterling Capital Management LLC acquired a new stake in NY Mtg Tr Inc/SH (NASDAQ:NYMT) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 159,381 shares of the real estate investment trust’s stock, valued at approximately $969,000. Sterling Capital Management LLC owned 0.11% of NY Mtg Tr Inc/SH as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Van ECK Associates Corp boosted its position in NY Mtg Tr Inc/SH by 3.3% during the second quarter. Van ECK Associates Corp now owns 575,232 shares of the real estate investment trust’s stock valued at $3,457,000 after acquiring an additional 18,423 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its position in NY Mtg Tr Inc/SH by 5.0% during the second quarter. Municipal Employees Retirement System of Michigan now owns 285,310 shares of the real estate investment trust’s stock valued at $1,715,000 after acquiring an additional 13,710 shares during the last quarter. Rhumbline Advisers boosted its position in NY Mtg Tr Inc/SH by 3.6% during the second quarter. Rhumbline Advisers now owns 267,801 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 9,306 shares during the last quarter. Guggenheim Capital LLC boosted its position in NY Mtg Tr Inc/SH by 373.0% during the first quarter. Guggenheim Capital LLC now owns 221,959 shares of the real estate investment trust’s stock valued at $1,317,000 after acquiring an additional 175,032 shares during the last quarter. Finally, Legal & General Group Plc boosted its position in NY Mtg Tr Inc/SH by 628.2% during the first quarter. Legal & General Group Plc now owns 209,389 shares of the real estate investment trust’s stock valued at $1,238,000 after acquiring an additional 180,633 shares during the last quarter. Institutional investors and hedge funds own 45.00% of the company’s stock.

A number of analysts have commented on the stock. Zacks Investment Research cut shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a research report on Thursday, August 9th. ValuEngine cut shares of NY Mtg Tr Inc/SH from a “hold” rating to a “sell” rating in a research report on Thursday. BidaskClub raised shares of NY Mtg Tr Inc/SH from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Finally, Raymond James assumed coverage on shares of NY Mtg Tr Inc/SH in a research report on Friday, October 12th. They set a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $6.25.

Shares of NYMT opened at $6.09 on Friday. The company has a current ratio of 88.96, a quick ratio of 86.93 and a debt-to-equity ratio of 13.55. The firm has a market cap of $874.69 million, a price-to-earnings ratio of 7.77 and a beta of 1.00. NY Mtg Tr Inc/SH has a 12 month low of $5.35 and a 12 month high of $6.54.

NY Mtg Tr Inc/SH (NASDAQ:NYMT) last released its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.20 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.05. The company had revenue of $19.60 million for the quarter, compared to analysts’ expectations of $17.10 million. NY Mtg Tr Inc/SH had a net margin of 25.07% and a return on equity of 17.13%. As a group, sell-side analysts predict that NY Mtg Tr Inc/SH will post 0.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 26th. Stockholders of record on Thursday, September 27th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, September 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.14%. NY Mtg Tr Inc/SH’s dividend payout ratio (DPR) is presently 121.21%.

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About NY Mtg Tr Inc/SH

New York Mortgage Trust, Inc, a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities.

Further Reading: Hedge Funds Explained

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Institutional Ownership by Quarter for NY Mtg Tr Inc/SH (NASDAQ:NYMT)

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