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

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

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC boosted its stake in New York Mortgage Trust by 0.3% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust’s stock worth $22,311,000 after buying an additional 12,237 shares during the period. State Street Corp boosted its stake in shares of New York Mortgage Trust by 1.6% during the third quarter. State Street Corp now owns 3,495,306 shares of the real estate investment trust’s stock valued at $22,820,000 after purchasing an additional 54,597 shares during the period. Geode Capital Management LLC boosted its stake 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 purchasing an additional 10,017 shares during the period. Van ECK Associates Corp boosted its stake in shares of New York Mortgage Trust by 9.9% during the fourth quarter. Van ECK Associates Corp now owns 808,522 shares of the real estate investment trust’s stock valued at $4,900,000 after purchasing an additional 72,946 shares during the period. Finally, Jane Street Group LLC boosted its stake in shares of New York Mortgage Trust by 17.5% during the third quarter. Jane Street Group LLC now owns 164,388 shares of the real estate investment trust’s stock valued at $1,041,000 after purchasing an additional 24,430 shares during the period. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Stock Performance

NYMT stock opened at $6.15 on Friday. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. The business has a 50-day moving average price of $6.06 and a 200 day moving average price of $6.10. The company has a market capitalization of $557.06 million, a P/E ratio of -18.64 and a beta of 1.92. New York Mortgage Trust, Inc. has a 1-year low of $5.14 and a 1-year high of $7.64.

New York Mortgage Trust Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on NYMT shares. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Friday. B. Riley lowered 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 research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price 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.