EntryPoint Capital LLC Takes Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

EntryPoint Capital LLC purchased a new position in shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the fourth quarter, HoldingsChannel.com reports. The institutional investor purchased 20,938 shares of the real estate investment trust’s stock, valued at approximately $127,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in New York Mortgage Trust in the fourth quarter worth $49,000. McIlrath & Eck LLC acquired a new position in New York Mortgage Trust during the 3rd quarter worth about $62,000. KLP Kapitalforvaltning AS bought a new stake in New York Mortgage Trust during the 4th quarter worth about $98,000. Wolverine Trading LLC acquired a new stake in New York Mortgage Trust in the 3rd quarter valued at about $101,000. Finally, Proficio Capital Partners LLC bought a new position in shares of New York Mortgage Trust in the fourth quarter worth about $126,000. 54.89% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust Trading Down 2.3 %

NYMT opened at $6.50 on Monday. New York Mortgage Trust, Inc. has a fifty-two week low of $5.14 and a fifty-two week high of $7.35. The company has a market cap 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. The firm has a 50 day simple moving average of $6.44 and a 200 day simple moving average of $6.16.

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

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders 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 yield of 12.31%. The ex-dividend date is Monday, March 31st. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -70.18%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. B. Riley lowered their target price on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.00.

New York Mortgage Trust 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.