Somewhat Favorable News Coverage Somewhat Unlikely to Affect New York Mortgage Trust (NYMT) Stock Price
News coverage about New York Mortgage Trust (NASDAQ:NYMT) has been trending somewhat positive recently, according to Accern. Accern identifies positive and negative media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. New York Mortgage Trust earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.5099737518312 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:
- Stock Monitor: Looking at the Levels on Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) – Sparta Review (spartareview.com)
- New York Mortgage Trust Inc (NYMT)’s Technicals Placed in the Limelight – Stock Press Daily (stockpressdaily.com)
- New York Mortgage Trust, Inc. (NYMT) Receives Consensus Recommendation of “Hold” from Brokerages (americanbankingnews.com)
- New York Mortgage Trust Inc (NYMT) Triple EMA Gaining Upward Momentum – Evergreen Caller (evergreencaller.com)
Shares of New York Mortgage Trust (NASDAQ:NYMT) opened at 6.22 on Thursday. The stock has a market cap of $695.96 million, a price-to-earnings ratio of 12.20 and a beta of 1.38. The stock’s 50 day moving average is $6.24 and its 200-day moving average is $6.31. New York Mortgage Trust has a 1-year low of $5.65 and a 1-year high of $7.04.
New York Mortgage Trust (NASDAQ:NYMT) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by $0.04. The business had revenue of $15.71 million for the quarter, compared to the consensus estimate of $17.42 million. New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.10 earnings per share. On average, analysts anticipate that New York Mortgage Trust will post $0.54 EPS for the current year.
Several research analysts recently commented on NYMT shares. TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Keefe, Bruyette & Woods set a $6.00 price target on shares of New York Mortgage Trust and gave the company a “hold” rating in a report on Monday, August 14th. Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Saturday, May 6th. Finally, BidaskClub upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. New York Mortgage Trust currently has an average rating of “Hold” and an average target price of $6.42.
COPYRIGHT VIOLATION NOTICE: “Somewhat Favorable News Coverage Somewhat Unlikely to Affect New York Mortgage Trust (NYMT) Stock Price” was first posted by Watch List News and is owned by of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States & international copyright & trademark legislation. The original version of this story can be read at https://www.watchlistnews.com/somewhat-favorable-news-coverage-somewhat-unlikely-to-affect-new-york-mortgage-trust-nymt-stock-price/1533964.html.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.
Receive News & Ratings for New York Mortgage Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.