NY MTG TR INC/SH (NASDAQ:NYMT) Updates Q2 Earnings Guidance
NY MTG TR INC/SH (NASDAQ:NYMT) updated its second quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $0.17-0.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.17. NY MTG TR INC/SH also updated its Q2 2019 guidance to $0.07-0.09 EPS.
NYMT has been the topic of a number of analyst reports. Zacks Investment Research raised shares of GCP Applied Technologies from a sell rating to a hold rating in a research note on Friday, May 31st. Maxim Group reaffirmed a buy rating and issued a $60.00 price objective on shares of Otter Tail in a research note on Tuesday, May 7th. Nomura reduced their price objective on shares of Carnival from $66.00 to $61.00 and set a buy rating on the stock in a research note on Wednesday, March 27th. Finally, BidaskClub raised shares of Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Thursday, June 20th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. NY MTG TR INC/SH has an average rating of Hold and an average target price of $6.25.
NASDAQ NYMT traded down $0.01 on Wednesday, hitting $6.26. 1,010,464 shares of the company were exchanged, compared to its average volume of 2,127,505. The stock has a market capitalization of $1.32 billion, a P/E ratio of 7.28 and a beta of 0.81. NY MTG TR INC/SH has a 12 month low of $5.58 and a 12 month high of $6.54. The stock’s fifty day moving average is $6.19. The company has a debt-to-equity ratio of 14.72, a quick ratio of 120.54 and a current ratio of 120.54.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Monday, June 24th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.80 annualized dividend and a dividend yield of 12.78%. NY MTG TR INC/SH’s dividend payout ratio is currently 93.02%.
In related news, Director Alan L. Hainey sold 10,000 shares of the firm’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $6.27, for a total transaction of $62,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.
NY MTG TR INC/SH Company Profile
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.
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