New York Mortgage Trust (NASDAQ:NYMT) Posts Earnings Results, Misses Estimates By $0.42 EPS

New York Mortgage Trust (NASDAQ:NYMT) posted its quarterly earnings results on Wednesday. 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), Zacks reports. The firm had revenue of $83.89 million for the quarter, compared to the consensus estimate of $19.64 million. New York Mortgage Trust had a positive return on equity of 0.87% and a negative net margin of 18.82%. During the same period in the previous year, the company posted $0.11 EPS.

New York Mortgage Trust Stock Performance

New York Mortgage Trust stock traded down $0.76 during midday trading on Thursday, hitting $6.26. 2,105,375 shares of the company were exchanged, compared to its average volume of 600,963. The firm has a market capitalization of $571.10 million, a PE ratio of -6.27 and a beta of 1.91. New York Mortgage Trust has a fifty-two week low of $5.78 and a fifty-two week high of $10.63. The business has a fifty day simple moving average of $7.10 and a two-hundred day simple moving average of $7.85. The company has a debt-to-equity ratio of 4.21, a quick ratio of 4.29 and a current ratio of 4.29.

New York Mortgage Trust Dividend Announcement

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

Analyst Ratings Changes

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

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.