Mortgage

Analysts Expect New York Mortgage Trust, Inc. (NASDAQ:NYMT) to Announce $0.10 EPS

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Wall Street brokerages expect New York Mortgage Trust, Inc. to register. (NASDAQ:NYMT) reported earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have made estimates for New York Mortgage Trust earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.11. New York Mortgage Trust reported earnings of $0.08 per share in the same quarter last year, indicating a positive annual growth rate of 25%. The company is scheduled to announce its next earnings results on Wednesday, February 23rd.

According to Zacks, analysts expect New York Mortgage Trust to report full-year earnings of $0.43 per share for the current year, with EPS estimates ranging from $0.42 to $0.44. For the next fiscal year, analysts expect the company’s earnings to be $0.46 per share, with EPS estimates ranging from $0.43 to $0.50. Zacks earnings per share calculations are an average based on a survey of analysts covering the New York Mortgage Trust.

New York Mortgage Fund (NASDAQ: NYMT) released its latest quarterly earnings results on Tuesday, November 2nd. The REIT reported earnings of $0.09 per share for the quarter, topping the Zacks consensus estimate of $0.11 ($0.02). New York Mortgage Trust posted a net profit margin of 118.27% and a return on equity of 10.80%. During the same period in the previous year, the company reported earnings of $0.07 per share.

Separately, Zacks Investment Research downgraded the New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Friday, November 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and the other has given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a price target of $5.08.

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NYMT stock opened at $3.78 on Friday. The company has a quick ratio of 18.94, a trading ratio of 18.94 and a debt-to-equity ratio of 1.22. The company has a 50-day moving average of $3.89 and a 200-day moving average of $4.19. The company has a market capitalization of $1.43 billion, a price-earnings ratio of 7.56 and a beta of 1.85. The New York Mortgage Fund recorded a twelve-month low of $3.51 and a twelve-month high of $4.93.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 25th. Shareholders of record on Monday, December 27th will receive a dividend of $0.10. The due date is Thursday 23rd December. This represents a dividend of $0.40 year-over-year and a dividend yield of 10.58%. The New York Mortgage Fund has a payout ratio of 80.00%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mackenzie Financial Corp. acquired a new stake in shares of New York Mortgage Trust in the second quarter valued at approximately $62,000. Thrivent Financial for Lutherans raised its position in shares of New York Mortgage Trust by 9.7% in the second quarter. Thrivent Financial for Lutherans now owns 514,543 shares of REIT stock valued at $2,300,000 after purchasing an additional 45,640 shares during the last quarter. Clear Street Markets LLC raised its position in shares of New York Mortgage Trust by 7.0% in the third quarter. Clear Street Markets LLC now owns 61,200 shares of REIT stock valued at $261,000 after purchasing an additional 4,000 shares during the last quarter. The New Jersey State Pensions Combined Fund acquired a new stake in shares of New York Mortgage Trust in the third quarter valued at approximately $2,670,000. Finally, State Street Corp. increased its holdings in New York Mortgage Trust by 4.0% during the second quarter. State Street Corp. now owns 12,971,736 shares of REIT stock valued at $59,281,000 after purchasing an additional 499,517 shares during the last quarter. 54.25% of the shares are owned by institutional investors.

About the New York Mortgage Fund

New York Mortgage Trust, Inc. is a real estate investment trust engaged in the acquisition, investment, financing and management of mortgage and residential assets. Its objective is to provide long-term stable dividends to its shareholders over changing economic conditions through a combination of net interest margin and capital gains from a diversified investment portfolio.

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