New York Mortgage Trust (NASDAQ:NYMT) Issues Earnings Results, Misses Estimates By $0.47 EPS

New York Mortgage Trust (NASDAQ:NYMT) posted its quarterly earnings data on Wednesday. The real estate investment trust reported ($0.44) EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.47), Zacks reports. New York Mortgage Trust had a return on equity of 0.48% and a net margin of 3.11%.

New York Mortgage Trust Trading Down 1.2 %

Shares of NASDAQ:NYMT opened at $5.99 on Thursday. The firm has a fifty day moving average of $6.03 and a two-hundred day moving average of $6.09. New York Mortgage Trust has a 12-month low of $5.14 and a 12-month high of $7.57. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Friday, December 20th were paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.36%. The ex-dividend date of this dividend was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -242.42%.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. B. Riley decreased their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, January 7th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $7.00.

New York Mortgage Trust Company Profile

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.