Inceptionr LLC Has $264,000 Stock Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Inceptionr LLC boosted its holdings in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 14.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,505 shares of the real estate investment trust’s stock after buying an additional 5,513 shares during the period. Inceptionr LLC’s holdings in New York Mortgage Trust were worth $264,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NYMT. Entropy Technologies LP increased its position 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 acquiring an additional 6,700 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in shares of New York Mortgage Trust during the 4th quarter worth about $49,000. McIlrath & Eck LLC acquired a new position in shares of New York Mortgage Trust during the third quarter valued at about $62,000. Geode Capital Management LLC lifted its stake in shares of New York Mortgage Trust by 0.4% in 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 buying an additional 10,017 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of New York Mortgage Trust by 0.3% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 3,633,729 shares of the real estate investment trust’s stock valued at $22,311,000 after buying an additional 12,237 shares during the period. 54.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. B. Riley lowered their price target on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Sunday, March 2nd. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $7.00.

New York Mortgage Trust Trading Up 2.6 %

NYMT stock opened at $7.01 on Monday. New York Mortgage Trust, Inc. has a 1-year low of $5.14 and a 1-year high of $7.40. The company has a current ratio of 11.17, a quick ratio of 8.25 and a debt-to-equity ratio of 8.33. The business’s 50 day moving average is $6.21 and its 200-day moving average is $6.13. The firm has a market cap of $634.87 million, a P/E ratio of -6.15 and a beta of 1.93.

New York Mortgage Trust (NASDAQ:NYMT) last announced 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). The company had revenue of $26.71 million during the quarter, compared to the consensus estimate of $20.06 million. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. Equities 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 company also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.41%. The ex-dividend date was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -70.18%.

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.