New York Mortgage Trust (NASDAQ:NYMT) issued its quarterly earnings results on Tuesday. The real estate investment trust reported $0.21 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.06, Briefing.com reports. The company had revenue of $15.04 million for the quarter, compared to the consensus estimate of $19.97 million. New York Mortgage Trust had a return on equity of 10.78% and a net margin of 20.23%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 EPS.
Shares of New York Mortgage Trust (NASDAQ:NYMT) traded down $0.18 during trading hours on Wednesday, hitting $5.54. The stock had a trading volume of 1,121,100 shares, compared to its average volume of 1,004,480. New York Mortgage Trust has a one year low of $5.35 and a one year high of $6.69. The firm has a market cap of $639.80, a price-to-earnings ratio of 10.61 and a beta of 1.18. 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 also recently disclosed a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, December 18th were issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 14.44%. The ex-dividend date was Friday, December 15th. New York Mortgage Trust’s payout ratio is presently 148.15%.
Several brokerages have commented on NYMT. B. Riley reaffirmed a “neutral” rating and issued a $6.25 price target on shares of New York Mortgage Trust in a research report on Tuesday, November 7th. Keefe, Bruyette & Woods set a $6.00 price target on 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 target on shares of New York Mortgage Trust in a research report on Monday, November 6th. BidaskClub downgraded 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 New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $7.00 price target on the stock in a research report on Wednesday, November 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. New York Mortgage Trust presently has a consensus rating of “Hold” and an average target price of $6.35.
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About New York Mortgage Trust
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.
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