New York Mortgage Trust (NYMT) to Release Earnings on Monday

New York Mortgage Trust (NASDAQ:NYMT) is set to post its quarterly earnings results after the market closes on Monday, February 19th. Analysts expect New York Mortgage Trust to post earnings of $0.15 per share for the quarter.

Shares of New York Mortgage Trust (NYMT) opened at $5.45 on Monday. New York Mortgage Trust has a twelve month low of $5.35 and a twelve month high of $6.74. 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 company has a market cap of $609.60, a PE ratio of 10.09 and a beta of 1.18.

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, December 18th were issued a $0.20 dividend. The ex-dividend date of this dividend was Friday, December 15th. This represents a $0.80 annualized dividend and a dividend yield of 14.68%. New York Mortgage Trust’s dividend payout ratio is currently 148.15%.

A number of research analysts have recently issued reports on the stock. B. Riley reaffirmed a “neutral” rating and issued a $6.25 price objective on shares of New York Mortgage Trust in a research report on Tuesday, November 7th. Keefe, Bruyette & Woods set a $6.00 price objective on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research report 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 report on Monday, November 6th. BidaskClub downgraded shares of New York Mortgage Trust from a “sell” rating to a “strong sell” rating in a research report on Thursday, December 21st. Finally, Zacks Investment Research raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. New York Mortgage Trust currently has a consensus rating of “Hold” and a consensus target price of $6.35.

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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.

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

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