20,828 Shares in New York Mortgage Trust, Inc. (NASDAQ:NYMT) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 20,828 shares of the real estate investment trust’s stock, valued at approximately $126,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of New York Mortgage Trust in the 4th quarter valued at $49,000. McIlrath & Eck LLC acquired a new position in New York Mortgage Trust in the third quarter valued at $62,000. Wolverine Trading LLC bought a new stake in New York Mortgage Trust during the third quarter valued at $101,000. Intech Investment Management LLC boosted its position in New York Mortgage Trust by 91.5% during the third quarter. Intech Investment Management LLC now owns 40,113 shares of the real estate investment trust’s stock valued at $254,000 after acquiring an additional 19,165 shares during the last quarter. Finally, Illinois Municipal Retirement Fund acquired a new stake in New York Mortgage Trust during the 4th quarter worth about $281,000. Institutional investors and hedge funds own 54.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on NYMT. B. Riley cut 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 report on Tuesday, January 7th. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, New York Mortgage Trust currently has a consensus rating of “Hold” and an average target price of $7.00.

New York Mortgage Trust Stock Performance

Shares of New York Mortgage Trust stock opened at $6.50 on Friday. The business has a 50-day simple moving average of $6.44 and a 200 day simple moving average of $6.16. The firm has a market capitalization of $588.69 million, a price-to-earnings ratio of -5.70 and a beta of 1.93. The company has a debt-to-equity ratio of 8.33, a current ratio of 11.17 and a quick ratio of 8.25. New York Mortgage Trust, Inc. has a one year low of $5.14 and a one year high of $7.35.

New York Mortgage Trust (NASDAQ:NYMT) last issued its earnings results 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 return on equity of 1.39% and a negative net margin of 15.46%. The firm had revenue of $26.71 million for the quarter, compared to analyst estimates of $20.06 million. On average, research analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

New York Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.31%. The ex-dividend date is Monday, March 31st. New York Mortgage Trust’s dividend payout ratio is currently -70.18%.

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.