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

New York Mortgage Trust (NASDAQ:NYMT) announced its quarterly earnings results on Wednesday. The real estate investment trust reported ($0.44) EPS for the quarter, missing the consensus estimate of $0.03 by ($0.47), Zacks reports. New York Mortgage Trust had a net margin of 3.11% and a return on equity of 0.48%.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT traded down $0.07 during mid-day trading on Wednesday, reaching $5.99. 975,604 shares of the company were exchanged, compared to its average volume of 547,968. The stock has a market capitalization of $542.57 million, a PE ratio of -18.15 and a beta of 1.92. The company’s 50 day moving average price is $6.04 and its 200 day moving average price is $6.09. New York Mortgage Trust has a 52 week low of $5.14 and a 52 week high of $7.57. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 7.24.

New York Mortgage Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date of this dividend was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio is currently -242.42%.

Analyst Ratings Changes

Several research analysts have commented on the stock. B. Riley cut their price target on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a report on Tuesday, January 7th. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Friday, February 14th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $7.00.

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.