New York Mortgage Trust, Inc. (NASDAQ:NYMT) forecast earnings per share of $0.06 for the second quarter of 2022

New York Mortgage Trust, Inc. (NASDAQ:NYMT – Get Rating) – Analysts at B. Riley lowered their earnings estimates for the second quarter of 2022 for the New York Mortgage Trust in a research report published on Thursday, June 23 . B. Riley analyst M. Howlett now expects the Real Estate Investment Trust to report earnings per share of $0.06 for the quarter, down from its previous estimate of 0.12 equivalent to US dollars. The consensus estimate for the New York Mortgage Trust’s current full-year earnings is $0.09 per share. B. Riley also provided estimates for the New York Mortgage Trust’s third-quarter 2022 earnings of $0.08 per share and fourth-quarter 2022 earnings of $0.10 per share. The New York Mortgage Trust (NASDAQ:NYMT – Get Rating) last issued its earnings results on Tuesday, May 3rd. The Real Estate Investment Trust reported ($0.22) EPS for the quarter, missing analyst consensus estimates of $0.08 by ($0.30). New York Mortgage Trust had a return on equity of 7.42% and a net margin of 31.18%. In the same quarter last year, the company earned $0.11 per share.

NYMT has been the subject of several other reports. StockNews.com downgraded shares of New York Mortgage Trust to a “sell” rating from a “hold” rating in a report Tuesday, May 10. Barclays lowered its price target on shares of New York Mortgage Trust to $3.50 from $4.00 in a report on Wednesday, April 27. Finally, Bank of America lowered its target price on shares of New York Mortgage Trust from $4.50 to $3.75 and rated the stock as “underperform” in a report on Wednesday, March 9th. Two equities research analysts have rated the stock with a sell rating and three have given it a buy rating. According to data from MarketBeat.com, the New York Mortgage Trust has a consensus rating of Hold and an average target price of $4.25.

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NYMT opened at $2.66 on Friday. The stock has a market cap of $1.01 billion, a P/E of 53.20, a P/E of 7.74, and a beta of 1.77. The company’s 50-day moving average price is $3.00 and its 200-day moving average price is $3.44. The company has a gearing ratio of 1.73, a current ratio of 4.03 and a quick ratio of 4.03. New York Mortgage Trust has a 12-month low of $2.24 and a 12-month high of $4.63.

Institutional investors and hedge funds recently changed their positions in the stock. CWM LLC increased its stake in New York Mortgage Trust by 92.9% in the first quarter. CWM LLC now owns 7,386 shares of the Real Estate Investment Trust worth $27,000 after purchasing an additional 3,558 shares last quarter. Aaron Wealth Advisors LLC acquired a new position in the New York Mortgage Trust valued at approximately $2,696,000 during the first quarter. Raymond James Financial Services Advisors Inc. acquired a new position in the New York Mortgage Trust for approximately $37,000 during the first quarter. Verdence Capital Advisors LLC acquired a new position in New York Mortgage Trust valued at approximately $44,000 during the fourth quarter. Finally, Camelot Portfolios LLC acquired a new position in New York Mortgage Trust valued at approximately $45,000 during the fourth quarter. Hedge funds and other institutional investors own 54.25% of the company’s shares.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 25th. Investors of record on Monday, June 27 will receive a dividend of $0.10. The ex-dividend date of this dividend is Friday June 24th. That equates to a dividend of $0.40 on an annualized basis and a yield of 15.04%. The New York Mortgage Trust’s payout ratio is currently 800.00%.

Corporate Profile of New York Mortgage Trust (get rating)

New York Mortgage Trust, Inc acquires, invests in, finances and manages single and multi-family residential mortgage-related properties throughout the United States. Targeted investments include home loans, second mortgages and loans for business purposes; structured multifamily real estate investments such as preferred stock and mezzanine loans to multifamily real estate owners and joint venture equity investments in multifamily real estate; Non-Agency Residential Mortgage Backed Securities (RMBS); Agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential real estate and credit-related assets.

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