New York Mortgage Trust Inc. (NASDAQ:NYMT) – Investment analysts at FBR & Co issued their Q3 2016 EPS estimates for shares of New York Mortgage Trust in a research note issued on Monday. FBR & Co analyst J. Levi-Ribner expects that the firm will post earnings of $0.14 per share for the quarter. FBR & Co currently has a “Market Perform” rating and a $6.25 target price on the stock. FBR & Co also issued estimates for New York Mortgage Trust’s Q4 2016 earnings at $0.15 EPS, FY2016 earnings at $0.51 EPS, Q1 2017 earnings at $0.15 EPS, Q2 2017 earnings at $0.16 EPS, Q3 2017 earnings at $0.16 EPS, Q4 2017 earnings at $0.17 EPS and FY2017 earnings at $0.64 EPS.

Several other equities analysts have also issued reports on NYMT. Keefe, Bruyette & Woods set a $6.80 target price on New York Mortgage Trust and gave the company a “hold” rating in a report on Tuesday, August 9th. Zacks Investment Research lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Wednesday, July 6th. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $5.50 target price on shares of New York Mortgage Trust in a report on Wednesday, August 3rd. Finally, Deutsche Bank AG set a $6.00 target price on New York Mortgage Trust and gave the company a “hold” rating in a report on Saturday, August 6th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. New York Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $6.01.

Earnings History and Estimates for New York Mortgage Trust (NASDAQ:NYMT)

Shares of New York Mortgage Trust (NASDAQ:NYMT) opened at 5.87 on Wednesday. New York Mortgage Trust has a 12-month low of $3.82 and a 12-month high of $6.68. The company’s 50-day moving average price is $5.97 and its 200 day moving average price is $5.84. The firm has a market capitalization of $643.17 million, a PE ratio of 13.28 and a beta of 1.00.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by $0.08. New York Mortgage Trust had a return on equity of 8.89% and a net margin of 18.56%. During the same period last year, the firm earned $0.20 EPS.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 28th. Shareholders of record on Monday, September 26th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 16.35%. The ex-dividend date of this dividend is Thursday, September 22nd. New York Mortgage Trust’s dividend payout ratio (DPR) is 218.19%.

A number of institutional investors have recently made changes to their positions in NYMT. Prudential Financial Inc. raised its position in shares of New York Mortgage Trust by 18.4% in the second quarter. Prudential Financial Inc. now owns 215,250 shares of the company’s stock valued at $1,313,000 after buying an additional 33,500 shares during the period. Global X Management Co. LLC increased its stake in New York Mortgage Trust by 5.0% in the second quarter. Global X Management Co. LLC now owns 1,412,937 shares of the company’s stock valued at $8,619,000 after buying an additional 66,864 shares in the last quarter. Ameriprise Financial Inc. increased its stake in New York Mortgage Trust by 3.3% in the second quarter. Ameriprise Financial Inc. now owns 21,504 shares of the company’s stock valued at $132,000 after buying an additional 680 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in New York Mortgage Trust by 103.1% in the second quarter. Janney Montgomery Scott LLC now owns 64,800 shares of the company’s stock valued at $371,000 after buying an additional 32,900 shares in the last quarter. Finally, Commonwealth Equity Services Inc increased its stake in New York Mortgage Trust by 96.1% in the second quarter. Commonwealth Equity Services Inc now owns 26,061 shares of the company’s stock valued at $159,000 after buying an additional 12,771 shares in the last quarter. 28.22% of the stock is owned by institutional investors and hedge funds.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust. The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. Its investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments, and Agency residential mortgage-backed securities (RMBS).

5 Day Chart for NASDAQ:NYMT

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