$0.08 EPS Expected for New York Mortgage Trust, Inc. (NASDAQ:NYMT) This Quarter

Wall Street analysts expect New York Mortgage Trust, Inc. (NASDAQ:NYMTGet Rating) to post $0.08 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for New York Mortgage Trust’s earnings, with estimates ranging from $0.05 to $0.10. New York Mortgage Trust reported earnings per share of $0.11 in the same quarter last year, which indicates a negative year over year growth rate of 27.3%. The company is scheduled to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that New York Mortgage Trust will report full year earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.24 to $0.48. For the next financial year, analysts forecast that the company will post earnings of $0.35 per share, with EPS estimates ranging from $0.28 to $0.42. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow New York Mortgage Trust.

Several research firms recently commented on NYMT. Zacks Investment Research lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 24th. Bank of America decreased their target price on New York Mortgage Trust from $4.50 to $3.75 and set an “underperform” rating for the company in a research note on Wednesday, March 9th. StockNews.com started coverage on shares of New York Mortgage Trust in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Jonestrading reduced their price objective on shares of New York Mortgage Trust from $5.00 to $4.50 and set a “buy” rating for the company in a research report on Tuesday, February 22nd. Finally, Maxim Group reaffirmed a “buy” rating and issued a $5.00 target price on shares of New York Mortgage Trust in a research report on Friday, February 18th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $4.75.

Shares of NASDAQ:NYMT remained flat at $$3.45 during trading hours on Thursday. 151,487 shares of the company’s stock were exchanged, compared to its average volume of 3,593,996. New York Mortgage Trust has a 52 week low of $3.24 and a 52 week high of $4.93. The business’s 50-day moving average is $3.60 and its 200 day moving average is $3.87. The stock has a market cap of $1.32 billion, a PE ratio of 9.08 and a beta of 1.81. The company has a quick ratio of 5.62, a current ratio of 5.62 and a debt-to-equity ratio of 1.29.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 25th. Investors of record on Thursday, March 24th will be given a $0.10 dividend. The ex-dividend date is Wednesday, March 23rd. This represents a $0.40 annualized dividend and a yield of 11.59%. New York Mortgage Trust’s dividend payout ratio (DPR) is 105.27%.

A number of institutional investors have recently modified their holdings of the business. Verdence Capital Advisors LLC purchased a new position in shares of New York Mortgage Trust during the fourth quarter worth about $44,000. Camelot Portfolios LLC acquired a new position in New York Mortgage Trust during the fourth quarter worth $45,000. JustInvest LLC purchased a new position in shares of New York Mortgage Trust in the 3rd quarter valued at about $56,000. Mercer Global Advisors Inc. ADV purchased a new position in New York Mortgage Trust in the third quarter valued at about $58,000. Finally, Catalyst Capital Advisors LLC increased its stake in New York Mortgage Trust by 29.4% in the 3rd quarter. Catalyst Capital Advisors LLC now owns 13,640 shares of the real estate investment trust’s stock valued at $58,000 after purchasing an additional 3,100 shares in the last quarter. 56.53% of the stock is currently owned by institutional investors.

New York Mortgage Trust Company Profile (Get Rating)

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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.

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