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.
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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