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

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

New York Mortgage Trust Stock Down 1.2 %

Shares of NASDAQ:NYMT opened at $5.99 on Thursday. New York Mortgage Trust has a 1-year low of $5.14 and a 1-year high of $7.57. The company has a debt-to-equity ratio of 7.24, a quick ratio of 8.25 and a current ratio of 8.25. The company has a 50 day moving average price of $6.03 and a 200 day moving average price of $6.09.

New York Mortgage Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on NYMT. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Friday, February 14th. B. Riley lowered their price objective on shares of New York Mortgage Trust from $11.00 to $8.00 and set a “buy” rating on the stock in a research note on Tuesday, January 7th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target 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.