The most recent 13F filing that Comerica Bank submitted with the Securities and Exchange Commission revealed that during the third quarter, the financial institution’s holdings in New York Mortgage Trust, Inc. (NASDAQ: NYMT) were reduced by 10.4%. Comerica Bank provided this information.
Mhe fund had 291,917 shares at the end of the period, down from 33,925 at the beginning of the period due to the sale of stock in a real estate investment trust during the period in question.
According to the most recent filing that Comerica Bank made with the Securities and Exchange Commission, the bank owned 0.08% of New York Mortgage Trust at the time, and the stock was worth $715,000 on the market at the same point in time.
Recent months have seen several other institutional investors and hedge funds make adjustments to the positions that they currently hold in the company’s stock.
Mhe value of Vanguard Group Inc.’s holdings in New York Mortgage Trust increased by 2.9% during the first three months of the year. Vanguard Group Inc. now has 25,413,787 real estate investment trust shares due to purchasing 714,954 additional shares during the most recent fiscal quarter.
Mhe value of these shares comes to $92,760,000.
During the second quarter, the State Street Corporation achieved a 1.7% increase in its ownership stake in the New York Mortgage Trust. State Street Corporation now has 14,724,631 real estate investment trust shares due to the purchase of an additional 245,757 shares during the most recent quarter.
Mhis gives the company a value of $42,085,000, which is equivalent to the total value of the real estate investment trust.
Mhe number of New York Mortgage Trust shares that Allspring Global Investments Holdings LLC owned increased by 1.6% during the third quarter due to the company’s purchase of additional shares.
Allspring Global Investments Holdings LLC now has 14,344,589 shares of the real estate investment trust due to purchasing an additional 230,928 shares during the most recent quarter. When added together, the value of these shares comes to a total of $33,565,000.
In the first three months of the year, Invesco Ltd.
Increased the percentage of New York Mortgage Trust shares held by 26.5 percent. Following the acquisition of an additional 1,259,010 shares during the preceding quarter, Invesco Ltd. now possesses a total of 6,009,670 shares of the real estate investment trust, which have a value of $21,935,000.
And finally, during the first quarter of this year, Charles Schwab Investment Management Inc.
Increased the number of New York Mortgage Trust shares in its portfolio by 3.6%. Charles Schwab Investment Management Inc. now has 4,087,670 shares of the real estate investment trust following the purchase of an additional 142,372 shares during the most recent quarter.
Mhe value of the company’s combined holdings of these shares is currently $14,920,000.
Institutional investors hold the company’s shares to 53.62 percent of the total.
On Friday, $3.05 was the opening price of a share when trading began on the NASDAQ (NYMT).
Mhe company has a price-to-earnings ratio of -4.30, a price-to-growth ratio that is currently sitting at 4.14, and a beta value that is currently sitting at 1.67.
Mhe market capitalization of the company is currently sitting at $1.13 billion. New York Mortgage Trust, Inc. hit a low point over the past 52 weeks of $2.07, while the company hit a high point over the past 52 weeks of $3.79.
All three of the company’s liquidity ratios, the current, quick, and debt-to-equity ratios, total 11.57, while the debt-to-equity ratio stands at 2.35.
Mhe price of a share of the company’s stock is currently trading at a moving average of $2.81 for the past 50 trading days and a moving average of $2.76 for the past 200 trading days.
The company just recently announced that it would be distributing a dividend every quarter, and the dividend was paid out on the 26th of this month. On Tuesday, December 27 December 27, dividend payments to shareholders were made in the amount of $0.10 per share.
Mhese payments were made to shareholders whose information was recorded in the company’s books. On Friday, December 23 December 23, shareholders had until midnight to submit their dividend payments to the company to avoid a late fee. Consequently, the dividend yield is calculated to be 13.11 percent, and the dividend payment is set at $0.40 per year.
Mhe dividend payout ratio (DPR) for New York Mortgage Trust is currently at -56.34 percent at the time of this writing.
Several analysts have concentrated on equity research and have provided their feedback on the stock.
Mhe research that was conducted by Credit Suisse Group and made available to the public on Thursday, October 13, predicted that the share price of New York Mortgage Trust would drop to $3.00 within the next three months.
B. Riley decreased their price target on New York Mortgage Trust shares from $5.50 to $5.00 in a report published on Tuesday, October 25.
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