New York Mortgage Trust (NASDAQ:NYMT) Releases Earnings Results, Misses Expectations 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) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47), Zacks reports. The company had revenue of $26.71 million during the quarter, compared to the consensus estimate of $20.06 million. New York Mortgage Trust had a negative return on equity of 1.37% and a negative net margin of 15.46%.

New York Mortgage Trust Trading Up 3.6 %

Shares of NASDAQ:NYMT opened at $6.66 on Friday. The company’s 50-day moving average price is $6.03 and its two-hundred day moving average price is $6.09. New York Mortgage Trust has a one year low of $5.14 and a one year high of $7.49. The company has a debt-to-equity ratio of 7.24, a current ratio of 8.25 and a quick ratio of 8.25. The stock has a market capitalization of $603.44 million, a PE ratio of -5.81 and a beta of 1.92.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 23rd. Investors of record on Friday, December 20th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend was Friday, December 20th. New York Mortgage Trust’s dividend payout ratio (DPR) is currently -70.18%.

Analysts Set New Price Targets

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

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.