Proficio Capital Partners LLC Invests $126,000 in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Proficio Capital Partners LLC purchased a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 20,828 shares of the real estate investment trust’s stock, valued at approximately $126,000.

Other institutional investors also recently bought and sold shares of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of New York Mortgage Trust in the 4th quarter worth $49,000. McIlrath & Eck LLC purchased a new stake in shares of New York Mortgage Trust in the 3rd quarter worth $62,000. Wolverine Trading LLC purchased a new position in New York Mortgage Trust during the 3rd quarter valued at about $101,000. Entropy Technologies LP lifted its holdings in New York Mortgage Trust by 53.9% during the third quarter. Entropy Technologies LP now owns 19,127 shares of the real estate investment trust’s stock worth $121,000 after buying an additional 6,700 shares during the period. Finally, 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 purchasing an additional 19,165 shares in the last quarter. 54.89% of the stock is owned by hedge funds and other institutional investors.

New York Mortgage Trust Stock Performance

NYMT opened at $6.71 on Thursday. New York Mortgage Trust, Inc. has a 52-week low of $5.14 and a 52-week high of $7.40. The firm’s fifty day simple moving average is $6.26 and its two-hundred day simple moving average is $6.14. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33. The company has a market cap of $607.70 million, a price-to-earnings ratio of -5.89 and a beta of 1.93.

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 return on equity of 1.39% and a negative net margin of 15.46%. The business had revenue of $26.71 million for the quarter, compared to analyst estimates of $20.06 million. Equities analysts anticipate that New York Mortgage Trust, Inc. will post 0.51 earnings per share for the current fiscal year.

Analysts Set New Price Targets

NYMT has been the subject of several analyst reports. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd. B. Riley reduced their price target on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, January 7th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.