B. Riley Has Bullish Outlook for NYMT FY2025 Earnings

Key Points

• B. Riley raised their FY2025 earnings per share estimate for New York Mortgage Trust from $0.80 to $0.85 and maintains a "Buy" rating with a price target of $9.00.
• The company reported earnings of $0.22 per share for the last quarter, surpassing analyst expectations of $0.20, although revenue fell short at $17.81 million versus an estimated $38.67 million.
• New York Mortgage Trust also declared a quarterly dividend of $0.20 per share, reflecting an annualized dividend yield of 12.2%, and has a payout ratio of 421.05%.

New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) - Stock analysts at B. Riley lifted their FY2025 EPS estimates for New York Mortgage Trust in a report released on Thursday, July 31st. B. Riley analyst R. Binner now forecasts that the real estate investment trust will post earnings per share of $0.85 for the year, up from their previous estimate of $0.80. B. Riley has a "Buy" rating and a $9.00 price objective on the stock. The consensus estimate for New York Mortgage Trust's current full-year earnings is $0.51 per share. B. Riley also issued estimates for New York Mortgage Trust's Q4 2025 earnings at $0.23 EPS and FY2026 earnings at $0.90 EPS.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.22 earnings per share for the quarter, beating analysts' consensus estimates of $0.20 by $0.02. New York Mortgage Trust had a net margin of 12.50% and a return on equity of 7.59%. The company had revenue of $17.81 million during the quarter, compared to analyst estimates of $38.67 million.

A number of other research analysts also recently issued reports on NYMT. UBS Group lifted their price target on shares of New York Mortgage Trust from $6.50 to $6.75 and gave the stock a "neutral" rating in a research note on Thursday, July 10th. Jones Trading reiterated a "buy" rating and issued a $7.50 price target on shares of New York Mortgage Trust in a research note on Friday, May 2nd. Finally, Wall Street Zen upgraded shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a research note on Thursday, May 1st. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $7.56.

New York Mortgage Trust Price Performance

Shares of New York Mortgage Trust stock traded up $0.03 during trading hours on Monday, reaching $6.60. 214,510 shares of the company's stock were exchanged, compared to its average volume of 723,381. New York Mortgage Trust has a 1 year low of $5.01 and a 1 year high of $7.27. The company has a market capitalization of $595.59 million, a P/E ratio of 34.76 and a beta of 1.28. The business has a fifty day moving average of $6.71 and a two-hundred day moving average of $6.44. The company has a quick ratio of 11.43, a current ratio of 11.70 and a debt-to-equity ratio of 10.13.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 30th. Shareholders of record on Monday, June 23rd were given a dividend of $0.20 per share. The ex-dividend date was Monday, June 23rd. This represents a $0.80 dividend on an annualized basis and a yield of 12.1%. New York Mortgage Trust's dividend payout ratio (DPR) is presently 421.05%.

Institutional Investors Weigh In On New York Mortgage Trust

Several institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in shares of New York Mortgage Trust by 4.3% in the 4th quarter. Vanguard Group Inc. now owns 6,422,036 shares of the real estate investment trust's stock valued at $38,918,000 after acquiring an additional 264,334 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in New York Mortgage Trust by 1.3% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 3,821,703 shares of the real estate investment trust's stock valued at $25,835,000 after buying an additional 49,139 shares in the last quarter. Invesco Ltd. boosted its stake in New York Mortgage Trust by 20.3% in the fourth quarter. Invesco Ltd. now owns 3,207,439 shares of the real estate investment trust's stock worth $19,437,000 after purchasing an additional 542,002 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in New York Mortgage Trust by 32.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 1,860,410 shares of the real estate investment trust's stock worth $12,074,000 after purchasing an additional 450,501 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of New York Mortgage Trust by 9.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,179,141 shares of the real estate investment trust's stock worth $7,653,000 after acquiring an additional 105,288 shares during the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

About New York Mortgage Trust

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.