Mortgage

New York Mortgage Trust, Inc. (NASDAQ:NYMT) Expected to Announce Earnings of $0.10 Per Share

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Brokerages expect New York Mortgage Trust, Inc. to announce. (NASDAQ:NYMT) reported earnings per share (EPS) of $0.10 for the current quarter, according to Zacks. Two analysts have made estimates for New York Mortgage Trust earnings, with the highest EPS estimate coming in at $0.11 and the lowest at $0.10. 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 release its next quarterly earnings report 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 fiscal year, with EPS estimates ranging from $0.42 to $0.44. For the next fiscal year, analysts expect the company to report earnings of $0.46 per share, with EPS estimates ranging from $0.43 to $0.50. Zacks Investment Research’s EPS calculations are an average weighted average based on a survey of sell-side analysts affiliated with the New York Mortgage Trust.

New York Mortgage Fund (NASDAQ: NYMT) released its latest earnings results on Tuesday, November 2nd. The Real Estate Investment Trust reported earnings of $0.09 per share (EPS) for the quarter, topping Thomson Reuters’ combined estimate of $0.11 ($0.02). New York Mortgage Trust had a return on equity of 10.80% and a net margin of 118.27%. During the same period last year, the company earned $0.07 per share.

Separately, Zacks Investment Research lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report 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 issued a buy rating to the company’s stock. According to MarketBeat data, the company currently has a consensus rating of “Hold” and a unanimous price target of $5.08.

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Hedge funds and other institutional investors have recently added or reduced their stakes in the business. O Shaughnessy Asset Management LLC bought a new stake in New York Mortgage Trust in the second quarter for approximately $33,000. Catalyst Capital Advisors raised its stake in New York Mortgage Trust by 31.8% in the second quarter. Catalyst Capital Advisors now owns 10,540 shares of REIT stock valued at $47,000 after acquiring an additional 2,540 shares last quarter. Prime Capital Investment Advisors LLC purchased a new stake in New York Mortgage Trust in the second quarter for approximately $49,000. Ameritas Investment Company LLC raised its stake in New York Mortgage Trust by 432.8% in the second quarter. Ameritas Investment Company now owns 10,886 shares of REIT stock valued at $58,000 after acquiring an additional 8,843 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of New York Mortgage Trust during the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 53.89% of the company’s stock.

Shares of New York Mortgage Trust traded down $0.05 during trading Friday, to $3.81. 2,348,720 shares were traded in the company, for an average trading volume of 3,051,446. The company has a market capitalization of $1.45 billion, a price-earnings ratio of 7.62 and a beta of 1.86. The New York Mortgage Trust has a one-year low of $3.51 and a one-year high of $4.93. The company’s 50-day moving average is $4.07, and the 200-day moving average is $4.28. The company has a debt-to-equity ratio of 1.22, a trading ratio of 18.94 and a quick ratio of 18.94.

The company also recently announced 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. This represents an annual dividend of $0.40 and a return of 10.50%. The due date is Thursday 23rd December. The New York Mortgage Fund has a payout ratio of 80.00%.

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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Earnings and Estimates History of the New York Mortgage Fund (NASDAQ: NYMT)

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