New York Mortgage Trust Inc (NASDAQ:NYMT) – Research analysts at B. Riley upped their Q1 2019 earnings per share estimates for New York Mortgage Trust in a report released on Thursday. B. Riley analyst J. Levi-Ribner now anticipates that the real estate investment trust will earn $0.15 per share for the quarter, up from their previous forecast of $0.14. B. Riley has a “Hold” rating and a $6.00 price objective on the stock. B. Riley also issued estimates for New York Mortgage Trust’s Q2 2019 earnings at $0.16 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.17 EPS and FY2019 earnings at $0.65 EPS.
Other research analysts have also recently issued research reports about the stock. Maxim Group restated a “buy” rating and set a $6.25 price target (down previously from $6.50) on shares of New York Mortgage Trust in a research note on Wednesday. Zacks Investment Research cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. TheStreet upgraded shares of New York Mortgage Trust from a “d+” rating to a “c” rating in a research note on Thursday, November 2nd. Keefe, Bruyette & Woods set a $6.00 price target on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research note on Sunday, November 12th. Finally, BidaskClub cut shares of New York Mortgage Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $6.25.
Shares of New York Mortgage Trust (NYMT) traded up $0.05 on Friday, reaching $5.70. 614,145 shares of the company’s stock were exchanged, compared to its average volume of 1,070,000. The company has a market capitalization of $637.57, a PE ratio of 9.50 and a beta of 1.18. The company has a current ratio of 71.04, a quick ratio of 71.04 and a debt-to-equity ratio of 13.26. New York Mortgage Trust has a 1 year low of $5.35 and a 1 year high of $6.69.
New York Mortgage Trust (NASDAQ:NYMT) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.21 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.06. The firm had revenue of $15.04 million during the quarter, compared to analysts’ expectations of $19.97 million. New York Mortgage Trust had a net margin of 22.10% and a return on equity of 13.37%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.09 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Stockholders of record on Monday, December 18th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.04%. The ex-dividend date was Friday, December 15th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently 133.33%.
Large investors have recently bought and sold shares of the company. Two Sigma Advisers LP bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at approximately $108,000. SG Americas Securities LLC bought a new position in shares of New York Mortgage Trust in the third quarter valued at approximately $115,000. Koch Industries Inc. bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at approximately $152,000. Fox Run Management L.L.C. bought a new position in shares of New York Mortgage Trust in the fourth quarter valued at approximately $164,000. Finally, UBS Asset Management Americas Inc. raised its stake in shares of New York Mortgage Trust by 0.3% in the second quarter. UBS Asset Management Americas Inc. now owns 28,879 shares of the real estate investment trust’s stock valued at $180,000 after acquiring an additional 93 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.
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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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