New York Mortgage Trust (NASDAQ:NYMT) Posts Earnings Results, Misses Estimates By $0.47 EPS

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

New York Mortgage Trust Stock Performance

Shares of NASDAQ:NYMT traded down $0.07 on Wednesday, reaching $5.99. 976,255 shares of the company’s stock were exchanged, compared to its average volume of 549,875. The firm has a market capitalization of $542.57 million, a price-to-earnings ratio of -18.15 and a beta of 1.92. New York Mortgage Trust has a fifty-two week low of $5.14 and a fifty-two week high of $7.57. The business’s 50-day moving average is $6.04 and its two-hundred day moving average is $6.09. 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 firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.36%. New York Mortgage Trust’s dividend payout ratio (DPR) is -242.42%.

Analysts Set New Price Targets

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