Wall Street brokerages forecast that New York Mortgage Trust, Inc. (NASDAQ:NYMT) will post $33.87 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for New York Mortgage Trust’s earnings, with estimates ranging from $32.50 million to $35.25 million. New York Mortgage Trust reported sales of $25.96 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.5%. The company is expected to issue its next earnings report on Wednesday, February 23rd.
On average, analysts expect that New York Mortgage Trust will report full-year sales of $126.84 million for the current financial year, with estimates ranging from $125.40 million to $128.27 million. For the next year, analysts expect that the firm will report sales of $161.38 million, with estimates ranging from $143.20 million to $179.56 million. Zacks’ sales averages are an average based on a survey of research firms that follow New York Mortgage Trust.
New York Mortgage Trust (NASDAQ:NYMT) last posted its earnings results on Tuesday, November 2nd. The real estate investment trust reported $0.09 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.02). New York Mortgage Trust had a net margin of 118.27% and a return on equity of 10.80%. During the same quarter in the prior year, the firm posted $0.07 earnings per share.
Several hedge funds have recently made changes to their positions in NYMT. EMG Holdings L.P. acquired a new position in shares of New York Mortgage Trust during the third quarter worth approximately $7,667,000. Balyasny Asset Management LLC acquired a new position in shares of New York Mortgage Trust during the third quarter worth approximately $7,471,000. Two Sigma Advisers LP lifted its position in shares of New York Mortgage Trust by 56.4% during the third quarter. Two Sigma Advisers LP now owns 2,766,800 shares of the real estate investment trust’s stock worth $11,787,000 after purchasing an additional 997,500 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of New York Mortgage Trust by 96.8% during the third quarter. Goldman Sachs Group Inc. now owns 1,938,480 shares of the real estate investment trust’s stock worth $8,258,000 after purchasing an additional 953,298 shares in the last quarter. Finally, Invesco Ltd. lifted its position in shares of New York Mortgage Trust by 61.2% during the second quarter. Invesco Ltd. now owns 2,184,007 shares of the real estate investment trust’s stock worth $9,762,000 after purchasing an additional 828,847 shares in the last quarter. Institutional investors own 53.89% of the company’s stock.
New York Mortgage Trust stock traded up $0.01 during trading hours on Thursday, hitting $3.95. 1,077,160 shares of the stock were exchanged, compared to its average volume of 2,980,058. The company has a debt-to-equity ratio of 1.22, a quick ratio of 18.94 and a current ratio of 18.94. The stock has a market capitalization of $1.50 billion, a P/E ratio of 7.90 and a beta of 1.85. New York Mortgage Trust has a 12 month low of $3.50 and a 12 month high of $4.93. The business’s 50-day moving average is $4.28 and its two-hundred day moving average is $4.38.
The business also recently announced a quarterly dividend, which was paid on Monday, October 25th. Stockholders of record on Thursday, September 23rd were given a dividend of $0.10 per share. The ex-dividend date was Wednesday, September 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.13%. New York Mortgage Trust’s payout ratio is 80.00%.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a real estate investment trust, which engages in the acquisition, investment, finance and management of mortgage-related and residential housing-related assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest margin and capital gains from a diversified investment portfolio.
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