Analysts expect that New York Mortgage Trust, Inc. (NASDAQ:NYMT – Get Rating) will post sales of $29.76 million for the current quarter, Zacks reports. Two analysts have made estimates for New York Mortgage Trust’s earnings, with the highest sales estimate coming in at $36.43 million and the lowest estimate coming in at $23.10 million. New York Mortgage Trust posted sales of $31.48 million during the same quarter last year, which suggests a negative year over year growth rate of 5.5%. The firm is scheduled to issue its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that New York Mortgage Trust will report full-year sales of $127.71 million for the current financial year, with estimates ranging from $102.10 million to $153.32 million. For the next fiscal year, analysts anticipate that the firm will report sales of $108.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover New York Mortgage Trust.
New York Mortgage Trust (NASDAQ:NYMT – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The real estate investment trust reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.30). New York Mortgage Trust had a net margin of 31.18% and a return on equity of 7.42%. During the same period in the previous year, the company posted $0.11 earnings per share.
Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in shares of New York Mortgage Trust by 2.9% in the first quarter. Vanguard Group Inc. now owns 25,413,787 shares of the real estate investment trust’s stock worth $92,760,000 after acquiring an additional 714,954 shares in the last quarter. State Street Corp lifted its stake in shares of New York Mortgage Trust by 8.6% in the first quarter. State Street Corp now owns 14,478,874 shares of the real estate investment trust’s stock worth $54,204,000 after acquiring an additional 1,144,802 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of New York Mortgage Trust in the fourth quarter worth about $40,377,000. Geode Capital Management LLC lifted its stake in shares of New York Mortgage Trust by 1.5% in the third quarter. Geode Capital Management LLC now owns 6,824,362 shares of the real estate investment trust’s stock worth $29,071,000 after acquiring an additional 103,979 shares in the last quarter. Finally, Invesco Ltd. lifted its stake in shares of New York Mortgage Trust by 26.5% in the first quarter. Invesco Ltd. now owns 6,009,670 shares of the real estate investment trust’s stock worth $21,935,000 after acquiring an additional 1,259,010 shares in the last quarter. Institutional investors and hedge funds own 54.25% of the company’s stock.
New York Mortgage Trust stock traded up $0.04 during midday trading on Friday, reaching $3.06. The stock had a trading volume of 2,083,065 shares, compared to its average volume of 3,525,752. New York Mortgage Trust has a twelve month low of $2.84 and a twelve month high of $4.93. The stock has a market capitalization of $1.17 billion, a PE ratio of 61.20, a price-to-earnings-growth ratio of 8.76 and a beta of 1.77. The company has a debt-to-equity ratio of 1.73, a quick ratio of 4.03 and a current ratio of 4.03. The stock’s 50-day simple moving average is $3.30 and its 200 day simple moving average is $3.59.
The business also recently disclosed a quarterly dividend, which was paid on Monday, April 25th. Shareholders of record on Thursday, March 24th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 13.07%. The ex-dividend date was Wednesday, March 23rd. New York Mortgage Trust’s dividend payout ratio is presently 800.00%.
About New York Mortgage Trust (Get Rating)
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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.
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