New York Mortgage Trust Inc (NASDAQ:NYMT) – B. Riley issued their FY2019 earnings per share (EPS) estimates for shares of New York Mortgage Trust in a research note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner forecasts that the real estate investment trust will earn $0.60 per share for the year. B. Riley currently has a “Neutral” rating and a $6.25 price target on the stock.

New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.21 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.07. New York Mortgage Trust had a net margin of 20.23% and a return on equity of 10.78%.

Several other analysts have also weighed in on NYMT. Zacks Investment Research lowered shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. BidaskClub cut shares of New York Mortgage Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 21st. Keefe, Bruyette & Woods set a $6.00 price objective on shares of New York Mortgage Trust and gave the company a “hold” rating in a research note on Sunday, November 12th. Maxim Group reaffirmed a “buy” rating and issued a $6.50 price objective on shares of New York Mortgage Trust in a research note on Monday, November 6th. Finally, TheStreet raised shares of New York Mortgage Trust from a “d+” rating to a “c” rating in a research note on Thursday, November 2nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $6.35.

New York Mortgage Trust (NASDAQ NYMT) traded down $0.07 during trading hours on Monday, reaching $6.07. 639,300 shares of the company traded hands, compared to its average volume of 860,544. New York Mortgage Trust has a 52-week low of $5.90 and a 52-week high of $6.81. The company has a debt-to-equity ratio of 13.26, a current ratio of 71.04 and a quick ratio of 71.04. The firm has a market capitalization of $678.95, a price-to-earnings ratio of 11.24 and a beta of 1.37.

A number of hedge funds have recently made changes to their positions in NYMT. SG Americas Securities LLC bought a new position in shares of New York Mortgage Trust during the third quarter worth $115,000. ETRADE Capital Management LLC boosted its position in shares of New York Mortgage Trust by 4.2% during the second quarter. ETRADE Capital Management LLC now owns 21,127 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 851 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of New York Mortgage Trust by 183.4% during the second quarter. BNP Paribas Arbitrage SA now owns 21,139 shares of the real estate investment trust’s stock worth $131,000 after purchasing an additional 13,679 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of New York Mortgage Trust during the second quarter worth $160,000. Finally, Legal & General Group Plc boosted its position in shares of New York Mortgage Trust by 4.3% during the second quarter. Legal & General Group Plc now owns 27,094 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 1,106 shares in the last quarter. 37.80% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Monday, December 18th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Friday, December 15th. This represents a $0.80 dividend on an annualized basis and a yield of 13.18%. New York Mortgage Trust’s payout ratio is presently 148.15%.

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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 and Estimates for New York Mortgage Trust (NASDAQ:NYMT)

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