New York Mortgage Trust, Inc. Forecasted to Earn Q3 2024 Earnings of $0.08 Per Share (NASDAQ:NYMT)

New York Mortgage Trust, Inc. (NASDAQ:NYMT) – Investment analysts at B. Riley issued their Q3 2024 earnings estimates for shares of New York Mortgage Trust in a research note issued on Monday, August 5th. B. Riley analyst M. Howlett forecasts that the real estate investment trust will earn $0.08 per share for the quarter. The consensus estimate for New York Mortgage Trust’s current full-year earnings is ($0.46) per share. B. Riley also issued estimates for New York Mortgage Trust’s Q4 2024 earnings at $0.10 EPS, FY2024 earnings at ($0.74) EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.21 EPS, Q3 2025 earnings at $0.23 EPS, Q4 2025 earnings at $0.25 EPS and FY2025 earnings at $0.85 EPS.

Several other brokerages also recently weighed in on NYMT. StockNews.com downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. UBS Group decreased their price target on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating on the stock in a report on Friday, May 3rd.

New York Mortgage Trust Stock Down 0.8 %

Shares of NYMT stock traded down $0.05 during trading hours on Thursday, reaching $6.28. 286,593 shares of the company’s stock were exchanged, compared to its average volume of 611,681. The company has a current ratio of 6.46, a quick ratio of 4.02 and a debt-to-equity ratio of 6.30. The company has a market cap of $572.91 million, a price-to-earnings ratio of -3.39 and a beta of 1.93. New York Mortgage Trust has a fifty-two week low of $5.51 and a fifty-two week high of $9.68. The stock’s 50 day moving average is $6.20 and its 200-day moving average is $6.73.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its holdings in New York Mortgage Trust by 9.1% in the 4th quarter. SG Americas Securities LLC now owns 23,802 shares of the real estate investment trust’s stock worth $203,000 after acquiring an additional 1,979 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in shares of New York Mortgage Trust during the fourth quarter worth $387,000. New York State Common Retirement Fund lifted its stake in shares of New York Mortgage Trust by 19.7% in the fourth quarter. New York State Common Retirement Fund now owns 34,025 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 5,594 shares in the last quarter. Yousif Capital Management LLC boosted its position in New York Mortgage Trust by 11.7% during the fourth quarter. Yousif Capital Management LLC now owns 51,046 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 5,352 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in New York Mortgage Trust by 10.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 289,307 shares of the real estate investment trust’s stock valued at $2,468,000 after acquiring an additional 27,969 shares in the last quarter. 54.89% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, June 28th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.74%. The ex-dividend date was Thursday, June 27th. New York Mortgage Trust’s dividend payout ratio is currently -43.24%.

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.