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

NY MTG TR INC/SH (NASDAQ:NYMT) released its earnings results on Thursday. The real estate investment trust reported ($1.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.98) by ($0.73), MarketWatch Earnings reports. The firm had revenue of $47.08 million during the quarter, compared to analysts’ expectations of $46.50 million. NY MTG TR INC/SH had a net margin of 23.67% and a negative return on equity of 30.94%.

NYMT opened at $2.01 on Friday. The firm has a 50 day moving average price of $1.89 and a 200 day moving average price of $4.76. NY MTG TR INC/SH has a 1 year low of $0.98 and a 1 year high of $6.47. The company has a debt-to-equity ratio of 12.41, a current ratio of 118.84 and a quick ratio of 118.84.

A number of research analysts have issued reports on the stock. Maxim Group restated a “hold” rating on shares of NY MTG TR INC/SH in a report on Wednesday, March 25th. Barclays reiterated a “sell” rating and set a $2.00 price objective on shares of NY MTG TR INC/SH in a report on Wednesday, April 29th. Zacks Investment Research lowered shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded shares of NY MTG TR INC/SH from a “hold” rating to a “buy” rating in a report on Thursday, April 30th. Finally, Credit Suisse Group upgraded shares of NY MTG TR INC/SH from an “underperform” rating to a “neutral” rating in a report on Friday, April 24th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $4.75.

In other NY MTG TR INC/SH news, President Jason T. Serrano bought 60,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The stock was purchased at an average price of $3.91 per share, with a total value of $234,600.00. Following the transaction, the president now owns 412,668 shares in the company, valued at $1,613,531.88. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kristine Rimando Nario-Eng bought 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average cost of $4.00 per share, with a total value of $30,000.00. Following the transaction, the chief financial officer now owns 119,594 shares in the company, valued at approximately $478,376. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 165,500 shares of company stock valued at $746,740. Corporate insiders own 0.70% of the company’s stock.

About NY MTG TR INC/SH

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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