New York Mortgage Trust (NASDAQ:NYMT) Issues Quarterly Earnings Results

New York Mortgage Trust (NASDAQ:NYMT) released its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.42), Zacks reports. The firm had revenue of $83.89 million during the quarter, compared to the consensus estimate of $19.64 million. New York Mortgage Trust had a positive return on equity of 0.87% and a negative net margin of 18.82%. During the same period in the previous year, the firm earned $0.11 EPS.

New York Mortgage Trust Trading Down 10.8 %

NASDAQ NYMT traded down $0.75 on Thursday, hitting $6.27. 2,388,763 shares of the stock were exchanged, compared to its average volume of 604,941. New York Mortgage Trust has a 52-week low of $5.78 and a 52-week high of $10.63. The firm has a market capitalization of $571.56 million, a P/E ratio of -6.27 and a beta of 1.91. The company has a debt-to-equity ratio of 4.21, a quick ratio of 4.29 and a current ratio of 4.29. The stock has a fifty day moving average price of $7.10 and a two-hundred day moving average price of $7.85.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Monday, March 25th were given a $0.20 dividend. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 12.77%. New York Mortgage Trust’s dividend payout ratio is presently -80.81%.

Wall Street Analyst Weigh In

NYMT has been the topic of several research reports. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. B. Riley restated a “buy” rating and set a $11.00 target price (down from $15.00) on shares of New York Mortgage Trust in a research report on Monday, March 25th.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.