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.

COPYRIGHT VIOLATION NOTICE: This report was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another website, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/23/new-york-mortgage-trust-inc-nymt-to-release-earnings-on-monday.html.

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.

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

Receive News & Ratings for New York Mortgage Trust Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust Inc and related companies with MarketBeat.com's FREE daily email newsletter.