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

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

New York Mortgage Trust Price Performance

NASDAQ:NYMT traded down $0.76 during mid-day trading on Thursday, reaching $6.26. The stock had a trading volume of 2,105,375 shares, compared to its average volume of 600,963. The firm has a 50 day moving average price of $7.10 and a two-hundred day moving average price of $7.85. The stock has a market capitalization of $571.10 million, a P/E ratio of -6.27 and a beta of 1.91. New York Mortgage Trust has a one year low of $5.78 and a one year high of $10.63. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Stockholders 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 dividend yield of 12.78%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently -80.81%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. StockNews.com upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. B. Riley restated a “buy” rating and set a $11.00 price target (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.