C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Makes New Investment in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,129 shares of the real estate investment trust’s stock, valued at approximately $49,000.

A number of other hedge funds have also made changes to their positions in the company. First Trust Direct Indexing L.P. grew its stake in New York Mortgage Trust by 22.7% in the 3rd 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 acquiring an additional 4,376 shares during the last quarter. Entropy Technologies LP lifted its holdings in shares of New York Mortgage Trust by 53.9% in the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 6,700 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of New York Mortgage Trust in the third quarter valued at about $62,000. Geode Capital Management LLC grew its position in shares of New York Mortgage Trust by 0.4% in 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 purchasing an additional 10,017 shares during the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of New York Mortgage Trust during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Trading Up 0.5 %

Shares of NYMT opened at $6.46 on Friday. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $7.49. The company has a market capitalization of $585.15 million, a PE ratio of -5.67 and a beta of 1.92. The stock has a fifty day moving average of $6.03 and a two-hundred day moving average of $6.09. 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 (NASDAQ:NYMT) last released its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47). The business had revenue of $26.71 million for the quarter, compared to analysts’ expectations of $20.06 million. New York Mortgage Trust had a negative return on equity of 1.37% and a negative net margin of 15.46%. As a group, analysts forecast that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were given a $0.20 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.80 annualized dividend and a dividend yield of 12.38%. New York Mortgage Trust’s dividend payout ratio is presently -70.18%.

Analyst Ratings Changes

A number of research firms recently issued reports on NYMT. B. Riley reduced their target price on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. StockNews.com lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Saturday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target 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.