New York Mortgage Trust (NASDAQ:NYMT) Announces Quarterly Earnings Results

New York Mortgage Trust (NASDAQ:NYMT) announced its earnings results on Wednesday. The real estate investment trust reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.42), Zacks reports. The company had revenue of $83.89 million for the quarter, compared to analysts’ expectations of $19.64 million. New York Mortgage Trust had a negative net margin of 18.82% and a positive return on equity of 0.87%. During the same period in the previous year, the firm earned $0.11 EPS.

New York Mortgage Trust Trading Down 10.8 %

NASDAQ:NYMT traded down $0.76 during mid-day trading on Thursday, hitting $6.26. 2,388,405 shares of the stock traded hands, compared to its average volume of 604,940. The firm’s 50 day moving average is $7.10 and its two-hundred day moving average is $7.85. New York Mortgage Trust has a 52 week low of $5.78 and a 52 week high of $10.63. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 4.21. The stock has a market capitalization of $571.10 million, a price-to-earnings ratio of -6.27 and a beta of 1.91.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, March 25th were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 12.78%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -80.81%.

Analyst Ratings Changes

A number of research firms recently weighed in on NYMT. B. Riley reiterated a “buy” rating and issued a $11.00 price objective (down from $15.00) on shares of New York Mortgage Trust in a research note on Monday, March 25th. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd.

About New York Mortgage Trust

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.