New York Mortgage Trust, Inc. (NASDAQ:NYMT) issued its earnings results on Thursday. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by $0.04, Briefing.com reports. The firm had revenue of $15.71 million during the quarter, compared to analyst estimates of $17.42 million. New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.01%. New York Mortgage Trust’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.10 earnings per share.

New York Mortgage Trust (NYMT) traded down 2.71% during trading on Friday, reaching $6.11. 1,835,313 shares of the company were exchanged. The company has a market capitalization of $683.36 million, a P/E ratio of 11.89 and a beta of 1.38. New York Mortgage Trust has a one year low of $5.65 and a one year high of $7.04. The firm’s 50-day moving average is $6.33 and its 200 day moving average is $6.33.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Investors of record on Monday, June 26th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 13.09%. The ex-dividend date of this dividend was Thursday, June 22nd. New York Mortgage Trust’s dividend payout ratio is 156.87%.

A number of large investors have recently made changes to their positions in NYMT. Raymond James Financial Services Advisors Inc. increased its stake in shares of New York Mortgage Trust by 1.3% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,473 shares of the real estate investment trust’s stock worth $102,000 after buying an additional 218 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in shares of New York Mortgage Trust by 183.4% in the second quarter. BNP Paribas Arbitrage SA now owns 21,139 shares of the real estate investment trust’s stock worth $131,000 after buying an additional 13,679 shares in the last quarter. Prospera Financial Services Inc increased its stake in shares of New York Mortgage Trust by 6.9% in the first quarter. Prospera Financial Services Inc now owns 21,930 shares of the real estate investment trust’s stock worth $133,000 after buying an additional 1,425 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of New York Mortgage Trust during the first quarter worth $142,000. Finally, Sei Investments Co. increased its stake in shares of New York Mortgage Trust by 50.4% in the second quarter. Sei Investments Co. now owns 23,931 shares of the real estate investment trust’s stock worth $149,000 after buying an additional 8,018 shares in the last quarter. 36.05% of the stock is currently owned by institutional investors and hedge funds.

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NYMT has been the subject of several analyst reports. Zacks Investment Research cut shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 6th. Keefe, Bruyette & Woods set a $6.00 target price on shares of New York Mortgage Trust and gave the company a “hold” rating in a research report on Wednesday, May 10th. Finally, BidaskClub upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. New York Mortgage Trust presently has an average rating of “Hold” and an average price target of $6.31.

About New York Mortgage Trust

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

Earnings History for New York Mortgage Trust (NASDAQ:NYMT)

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