NY MTG TR INC/SH (NASDAQ:NYMT) updated its second quarter 2019 earnings guidance on Wednesday. The company provided EPS guidance of $0.07-0.09 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.18. NY MTG TR INC/SH also updated its Q2 guidance to $0.17-0.19 EPS.
Several brokerages recently issued reports on NYMT. Nomura dropped their price objective on Carnival from $66.00 to $61.00 and set a buy rating on the stock in a research note on Wednesday, March 27th. Maxim Group reissued a buy rating and issued a $60.00 price objective on shares of Otter Tail in a research note on Tuesday, May 7th. Zacks Investment Research raised GCP Applied Technologies from a sell rating to a hold rating in a research note on Friday, May 31st. Finally, BidaskClub raised Zynerba Pharmaceuticals from a hold rating to a buy rating in a research note on Thursday, June 20th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. NY MTG TR INC/SH presently has an average rating of Hold and an average price target of $6.25.
Shares of NASDAQ NYMT opened at $6.08 on Friday. The company has a debt-to-equity ratio of 14.72, a current ratio of 120.54 and a quick ratio of 120.54. The company has a market cap of $1.28 billion, a PE ratio of 9.67 and a beta of 0.81. The firm’s fifty day moving average is $6.19. NY MTG TR INC/SH has a 12-month low of $5.58 and a 12-month high of $6.54.
NY MTG TR INC/SH (NASDAQ:NYMT) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The business had revenue of $26.20 million for the quarter, compared to analysts’ expectations of $23.00 million. NY MTG TR INC/SH had a return on equity of 13.32% and a net margin of 21.47%. As a group, analysts forecast that NY MTG TR INC/SH will post 0.64 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Monday, June 24th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.80 annualized dividend and a yield of 13.16%. NY MTG TR INC/SH’s dividend payout ratio (DPR) is presently 93.02%.
In other NY MTG TR INC/SH news, Director Alan L. Hainey sold 10,000 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $6.27, for a total transaction of $62,700.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by company insiders.
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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