C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $49,000 Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 8,129 shares of the real estate investment trust’s stock, valued at approximately $49,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position 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 position 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. Entropy Technologies LP raised its position in shares of New York Mortgage Trust by 53.9% during the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 6,700 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. Finally, Geode Capital Management LLC raised its position 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. Institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Trading Up 1.0 %

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

New York Mortgage Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

NYMT has been the topic of several recent analyst reports. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Friday. B. Riley cut their target price on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.00.

New York Mortgage Trust Company 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.