NY MTG TR INC/SH (NASDAQ:NYMT) Issues Quarterly Earnings Results

NY MTG TR INC/SH (NASDAQ:NYMT) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by ($0.01), Fidelity Earnings reports. NY MTG TR INC/SH had a return on equity of 11.04% and a net margin of 17.74%. The business had revenue of $31.97 million during the quarter, compared to the consensus estimate of $36.20 million.

Shares of NYMT traded up $0.03 during midday trading on Friday, reaching $6.18. 1,604,600 shares of the stock were exchanged, compared to its average volume of 2,647,608. NY MTG TR INC/SH has a 52 week low of $5.58 and a 52 week high of $6.44. The company has a current ratio of 116.34, a quick ratio of 116.34 and a debt-to-equity ratio of 13.59. The company’s 50 day moving average is $6.12 and its two-hundred day moving average is $6.16. The company has a market capitalization of $1.62 billion, a P/E ratio of 7.19 and a beta of 0.76.

The company also recently declared a quarterly dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 19th were given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.94%. The ex-dividend date was Wednesday, September 18th. NY MTG TR INC/SH’s payout ratio is 93.02%.

Several research firms have weighed in on NYMT. Maxim Group set a $7.00 price target on NY MTG TR INC/SH and gave the stock a “buy” rating in a research note on Friday, July 19th. LADENBURG THALM/SH SH upgraded NY MTG TR INC/SH from a “neutral” rating to a “buy” rating in a report on Tuesday, August 6th. Raymond James reiterated a “hold” rating on shares of NY MTG TR INC/SH in a research note on Monday, September 23rd. BidaskClub lowered NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Saturday, October 12th. Finally, Nomura increased their target price on NY MTG TR INC/SH from $6.50 to $7.00 and gave the stock a “buy” rating in a research note on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.50.

NY MTG TR INC/SH Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

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Earnings History for NY MTG TR INC/SH (NASDAQ:NYMT)

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