New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) is projected to release its Q1 2025 quarterly earnings results after the market closes on Wednesday, April 30th. Analysts expect New York Mortgage Trust to post earnings of $0.11 per share and revenue of $27.84 million for the quarter.
New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its earnings results on Wednesday, February 19th. The real estate investment trust reported ($0.44) earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.47). New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. The business had revenue of $26.71 million for the quarter, compared to the consensus estimate of $20.06 million. On average, analysts expect New York Mortgage Trust to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
New York Mortgage Trust Stock Performance
NYMT stock traded up $0.09 during trading on Monday, reaching $5.73. 482,632 shares of the company's stock were exchanged, compared to its average volume of 688,671. New York Mortgage Trust has a 1-year low of $5.02 and a 1-year high of $7.19. The firm has a market cap of $519.13 million, a PE ratio of -5.04 and a beta of 1.43. The company's fifty day moving average price is $6.27 and its 200-day moving average price is $6.06. The company has a quick ratio of 8.25, a current ratio of 11.17 and a debt-to-equity ratio of 8.33.
New York Mortgage Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Monday, March 31st will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 13.96%. The ex-dividend date of this dividend is Monday, March 31st. New York Mortgage Trust's payout ratio is currently -70.18%.
Wall Street Analyst Weigh In
A number of research firms have commented on NYMT. B. Riley dropped their price target on shares of New York Mortgage Trust from $11.00 to $8.00 and set a "buy" rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut New York Mortgage Trust from a "hold" rating to a "sell" rating in a report on Wednesday, April 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $7.00.
Check Out Our Latest Stock Analysis on NYMT
About New York Mortgage Trust
(
Get Free Report)
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, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.
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