ExodusPoint Capital Management LP Has $390,000 Position in New York Mortgage Trust, Inc. (NASDAQ:NYMT)

ExodusPoint Capital Management LP lessened its stake in New York Mortgage Trust, Inc. (NASDAQ:NYMT) by 50.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 64,305 shares of the real estate investment trust’s stock after selling 64,946 shares during the quarter. ExodusPoint Capital Management LP owned 0.07% of New York Mortgage Trust worth $390,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NYMT. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of New York Mortgage Trust in the fourth quarter worth $49,000. McIlrath & Eck LLC acquired a new position in New York Mortgage Trust in the 3rd quarter worth about $62,000. Wolverine Trading LLC acquired a new position in New York Mortgage Trust in the 3rd quarter worth about $101,000. KLP Kapitalforvaltning AS purchased a new stake in shares of New York Mortgage Trust during the 4th quarter worth about $98,000. Finally, Proficio Capital Partners LLC acquired a new stake in shares of New York Mortgage Trust during the 4th quarter valued at about $126,000. Hedge funds and other institutional investors own 54.89% of the company’s stock.

New York Mortgage Trust Price Performance

Shares of NYMT stock opened at $5.32 on Friday. The stock’s 50 day simple moving average is $6.40 and its 200 day simple moving average is $6.09. New York Mortgage Trust, Inc. has a twelve month low of $5.02 and a twelve month high of $7.25. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. The company has a market capitalization of $481.82 million, a price-to-earnings ratio of -4.67 and a beta of 1.43.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47). The firm 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%. As a group, research analysts predict that New York Mortgage Trust, Inc. will post 0.51 EPS for the current year.

New York Mortgage Trust Dividend Announcement

The company also recently declared 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 15.04%. The ex-dividend date is Monday, March 31st. New York Mortgage Trust’s dividend payout ratio (DPR) is -70.18%.

Wall Street Analysts Forecast Growth

NYMT has been the topic of a number of research reports. B. Riley dropped their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a report 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 equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.