NY MTG TR INC/SH (NASDAQ:NYMT) Posts Earnings Results, Misses Expectations By $0.73 EPS

NY MTG TR INC/SH (NASDAQ:NYMT) issued its quarterly earnings results on Thursday. The real estate investment trust reported ($1.71) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.98) by ($0.73), MarketWatch Earnings reports. The firm had revenue of $47.08 million during the quarter, compared to analyst estimates of $46.50 million. NY MTG TR INC/SH had a return on equity of 12.55% and a net margin of 23.67%.

NYMT stock opened at $1.97 on Friday. The company has a current ratio of 118.84, a quick ratio of 118.84 and a debt-to-equity ratio of 12.41. The company has a market capitalization of $730.40 million, a PE ratio of 3.13 and a beta of 1.95. NY MTG TR INC/SH has a 12-month low of $0.98 and a 12-month high of $6.47. The business’s fifty day moving average price is $1.89 and its 200 day moving average price is $4.78.

A number of equities analysts have weighed in on NYMT shares. ValuEngine raised NY MTG TR INC/SH from a “hold” rating to a “buy” rating in a research note on Thursday, April 30th. Bank of America started coverage on NY MTG TR INC/SH in a research note on Friday, February 21st. They set a “neutral” rating and a $6.25 price objective on the stock. Zacks Investment Research lowered NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research note on Wednesday. Nomura Securities reissued a “buy” rating and set a $7.00 price objective on shares of NY MTG TR INC/SH in a research note on Tuesday, February 25th. Finally, Nomura reissued a “buy” rating and set a $4.50 price objective on shares of NY MTG TR INC/SH in a research note on Thursday, April 30th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $4.75.

In other news, CFO Kristine Rimando Nario-Eng acquired 11,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were purchased at an average price of $5.40 per share, for a total transaction of $59,400.00. Following the acquisition, the chief financial officer now owns 112,094 shares of the company’s stock, valued at $605,307.60. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, President Jason T. Serrano bought 60,000 shares of the stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $3.91 per share, with a total value of $234,600.00. Following the completion of the purchase, the president now directly owns 412,668 shares in the company, valued at $1,613,531.88. The disclosure for this purchase can be found here. Insiders purchased a total of 165,500 shares of company stock worth $746,740 in the last quarter. Company insiders own 0.70% 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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Earnings History for NY MTG TR INC/SH (NASDAQ:NYMT)

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