New York Mortgage Trust (NYMT) Stock Price, News & Analysis

Company Overview

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. The company also qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. New York Mortgage Trust, Inc. was incorporated in 2003 and is headquartered in New York, New York.

Key Stats

• Today's Range: $5.74 to $5.93
• 50-Day Range: $5.23 to $6.85
• 52-Week Range: $5.14 to $9.67
• Volume: 744,736 shs
• Average Volume: 915,265 shs
• Market Capitalization: $525.36 million
• P/E Ratio: N/A
• Dividend Yield: 13.79%
• Price Target: $7.75
• Consensus Rating: Hold

New York Mortgage Trust Stock Analysis - MarketRank™

New York Mortgage Trust scored higher than 54% of companies evaluated by MarketBeat, and ranked 724th out of 930 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.1 / 5
• Analyst Rating: Hold

Consensus Rating

New York Mortgage Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

New York Mortgage Trust has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for New York Mortgage Trust are expected to grow in the coming year, from ($0.67) to $0.61 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of New York Mortgage Trust is -17.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of New York Mortgage Trust is -17.58, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

New York Mortgage Trust has a P/B Ratio of 0.57. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.14% of the float of New York Mortgage Trust has been sold short.

Short Interest Ratio / Days to Cover

New York Mortgage Trust has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in New York Mortgage Trust has recently increased by 12.00%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

New York Mortgage Trust is a leading dividend payer. It pays a dividend yield of 13.47%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

New York Mortgage Trust does not have a long track record of dividend growth.

Dividend Sustainability

Based on EPS estimates, New York Mortgage Trust will have a dividend payout ratio of 131.15% in the coming year. This indicates that New York Mortgage Trust may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.14% of the float of New York Mortgage Trust has been sold short.

Short Interest Ratio / Days to Cover

New York Mortgage Trust has a short interest ratio ("days to cover") of 4.5.

Change versus previous month

Short interest in New York Mortgage Trust has recently increased by 12.00%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: N/A

News Sentiment

New York Mortgage Trust has a news sentiment score of 1.08. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.76 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 1 news article for New York Mortgage Trust this week, compared to 1 article on an average week.

Search Interest

Only 8 people have searched for NYMT on MarketBeat in the last 30 days. This is a decrease of -11% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added New York Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of -60% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, New York Mortgage Trust insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 1.50% of the stock of New York Mortgage Trust is held by insiders.

Percentage Held by Institutions

54.89% of the stock of New York Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

NYMT Stock Analysis - Frequently Asked Questions

How have NYMT shares performed this year?

New York Mortgage Trust's stock was trading at $8.53 at the beginning of 2024. Since then, NYMT shares have decreased by 32.0% and is now trading at $5.80.
View the best growth stocks for 2024 here.

How were New York Mortgage Trust's earnings last quarter?

New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced its earnings results on Wednesday, May, 1st. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by $0.42. The real estate investment trust earned $83.89 million during the quarter, compared to analyst estimates of $19.64 million. New York Mortgage Trust had a net margin of 3.11% and a trailing twelve-month return on equity of 0.48%.

When did New York Mortgage Trust's stock split?

Shares of New York Mortgage Trust reverse split on Thursday, March 9th 2023. The 1-4 reverse split was announced on Thursday, March 9th 2023. The number of shares owned by shareholders was adjusted after the market closes on Thursday, March 9th 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

Who are New York Mortgage Trust's major shareholders?

New York Mortgage Trust's top institutional shareholders include Allspring Global Investments Holdings LLC (3.97%), State Street Corp (3.86%), Geode Capital Management LLC (2.50%) and Charles Schwab Investment Management Inc. (1.47%).
View institutional ownership trends.

How do I buy shares of New York Mortgage Trust?

Shares of NYMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of New York Mortgage Trust own?

Based on aggregate information from My MarketBeat watchlists, some other companies that New York Mortgage Trust investors own include Rithm Capital (RITM), Energy Transfer (ET), AT&T (T), Annaly Capital Management (NLY), Chimera Investment (CIM), Verizon Communications (VZ) and Meta Platforms (META).

Company Calendar

• Last Earnings: 5/01/2024
• Ex-Dividend for 10/28 Dividend: 9/30/2024
• Dividend Payable: 10/28/2024
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/19/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Mortgage REITs
• Current Symbol: NASDAQ:NYMT
• CUSIP: 64960450
• CIK: 1273685
• Web: www.nymtrust.com
• Phone: (212) 792-0107
• Fax: 212-634-9428
• Employees: 70
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $7.75
• High Stock Price Target: $11.00
• Low Stock Price Target: $6.00
• Potential Upside/Downside: +33.6%
• Consensus Rating: Hold
• Rating Score (0-4): 2.25
• Research Coverage: 4 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.33)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-48,670,000.00
• Net Margins: 3.11%
• Pretax Margin: -7.81%
• Return on Equity: 0.48%
• Return on Assets: 0.06%

Debt

• Debt-to-Equity Ratio: 7.24
• Current Ratio: 8.25
• Quick Ratio: 8.25

Sales & Book Value

• Annual Sales: $258.66 million
• Price / Sales: 2.03
• Cash Flow: $0.67 per share
• Price / Cash Flow: 8.71
• Book Value: $11.74 per share
• Price / Book: 0.49

Miscellaneous

• Outstanding Shares: 90,580,000
• Free Float: 89,220,000
• Market Cap: $525.36 million
• Optionable: Optionable
• Beta: 1.94