New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) announced its earnings results on Wednesday. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47), Zacks reports. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.37%. The business had revenue of $26.71 million for the quarter, compared to analyst estimates of $20.06 million.
New York Mortgage Trust Stock Performance
Shares of NYMT traded up $0.03 during mid-day trading on Friday, hitting $6.46. The stock had a trading volume of 1,252,256 shares, compared to its average volume of 624,363. The company has a quick ratio of 8.25, a current ratio of 8.25 and a debt-to-equity ratio of 7.24. The company has a market cap of $585.15 million, a PE ratio of -5.67 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 $7.49. The company's fifty day simple moving average is $6.03 and its two-hundred day simple moving average is $6.09.
New York Mortgage Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 12.38%. The ex-dividend date was Friday, December 20th. New York Mortgage Trust's payout ratio is currently -70.18%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. B. Riley lowered their price objective on New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, January 7th. StockNews.com raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research report on Friday, February 14th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, New York Mortgage Trust presently has an average rating of "Hold" and an average price target of $7.00.
Check Out Our Latest Stock Analysis on New York Mortgage Trust
New York Mortgage Trust Company Profile
(
Get Free Report)
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.
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