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

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

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. McIlrath & Eck LLC acquired a new stake in shares of New York Mortgage Trust during the third quarter worth about $62,000. Sequoia Financial Advisors LLC purchased a new position in New York Mortgage Trust during the 3rd quarter worth approximately $76,000. Wolverine Trading LLC acquired a new position in New York Mortgage Trust during the third quarter worth approximately $101,000. Entropy Technologies LP lifted its stake in 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 buying an additional 6,700 shares during the last quarter. Finally, First Trust Direct Indexing L.P. boosted its holdings in shares of New York Mortgage Trust by 22.7% in 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 acquiring an additional 4,376 shares during the period. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Trading Up 0.5 %

NASDAQ:NYMT opened at $6.46 on Friday. New York Mortgage Trust, Inc. has a 12-month low of $5.14 and a 12-month high of $7.49. The company has a current ratio of 8.25, a quick ratio of 8.25 and a debt-to-equity ratio of 7.24. The stock’s 50 day simple moving average is $6.03 and its 200-day simple moving average is $6.09. The firm has a market cap of $585.15 million, a P/E ratio of -5.67 and a beta of 1.92.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings data on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.37%. The business had revenue of $26.71 million during the quarter, compared to analysts’ expectations of $20.06 million. Equities analysts anticipate 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 disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 12.38%. The ex-dividend date of this dividend was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio is currently -70.18%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on NYMT shares. B. Riley cut their target price on shares of 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 lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and an average price target of $7.00.

About New York Mortgage Trust

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.