New York Mortgage Trust Inc (NYMT) to Release Earnings on Monday
New York Mortgage Trust Inc (NASDAQ:NYMT) will be releasing its earnings data after the market closes on Monday, October 30th. Analysts expect New York Mortgage Trust to post earnings of $0.14 per share for the quarter.
New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The company had revenue of $15.71 million for the quarter, compared to analysts’ expectations of $17.42 million. New York Mortgage Trust had a return on equity of 6.53% and a net margin of 11.57%. The business’s quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business posted $0.10 EPS. On average, analysts expect New York Mortgage Trust to post $0.53 EPS for the current fiscal year and $0.57 EPS for the next fiscal year.
New York Mortgage Trust Inc (NASDAQ NYMT) traded down 0.400% during trading on Monday, hitting $6.225. 332,761 shares of the stock traded hands. New York Mortgage Trust Inc has a 52-week low of $5.72 and a 52-week high of $7.04. The firm has a 50-day moving average price of $6.26 and a 200 day moving average price of $6.27. The company has a market cap of $696.52 million, a P/E ratio of 12.206 and a beta of 1.37.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 25th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.80%. The ex-dividend date of this dividend is Friday, September 22nd. New York Mortgage Trust’s dividend payout ratio is currently 156.87%.
Several research firms have recently commented on NYMT. BidaskClub raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Barclays PLC increased their target price on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a report on Tuesday, October 10th. Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Tuesday, August 22nd. Keefe, Bruyette & Woods set a $6.00 target price on shares of New York Mortgage Trust and gave the stock a “hold” rating in a report on Monday, August 14th. Finally, TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.33.
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New York Mortgage Trust Company Profile
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.
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