The price of New York Mortgage Trust Inc. (NASDAQ:NYMT) shares last traded on Wall Street fell -0.70% to $2.82.
Based on available information, 9 analysts follow New York Mortgage Trust Inc. (NASDAQ:NYMT). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $5.00 and a low of $2.50, we find $3.00. Given the previous closing price of $2.84, this indicates a potential upside of 5.63 percent. NYMT stock price is now 9.63% away from the 50-day moving average and -4.96% away from the 200-day moving average. The market capitalization of the company currently stands at $1.04B.
Among analysts, 5 rate the stock a hold while 3 rate it a buy. Brokers who have rated the stock have averaged $3.25 as their price target over the next twelve months.
With the price target maintained at $3, Keefe Bruyette recently Downgraded its rating from Outperform to Mkt Perform for New York Mortgage Trust Inc. (NASDAQ: NYMT). On February 23, 2022, Keefe Bruyette Upgraded its previous ‘Mkt Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $4.50, while ‘BofA Securities’ rates the stock as ‘Underperform’.
Insiders disposed of 262,879 shares of company stock worth roughly $0.74 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in NYMT stock. A new stake in New York Mortgage Trust Inc. shares was purchased by AMALGAMATED FINANCIAL CORP. during the first quarter worth $481,000. CPWM, LLC invested $220,000 in shares of NYMT during the first quarter. In the first quarter, MARINER, LLC acquired a new stake in New York Mortgage Trust Inc. valued at approximately $133,000. CAPTRUST FINANCIAL ADVISORS acquired a new stake in NYMT for approximately $129,000. TWO SIGMA SECURITIES, LLC purchased a new stake in NYMT valued at around $98,000 in the second quarter. In total, there are 310 active investors with 55.20% ownership of the company’s stock.
A candlestick chart of New York Mortgage Trust Inc. (NASDAQ: NYMT) showed a price of $2.8300 on Tuesday morning. During the past 12 months, New York Mortgage Trust Inc. has had a low of $2.07 and a high of $3.99. The fifty day moving average price for NYMT is $2.5722 and a two-hundred day moving average price translates $2.9671 for the stock.
The latest earnings results from New York Mortgage Trust Inc. (NASDAQ: NYMT) was released for Jun, 2022. According to the REIT – Mortgage Company, earnings per share came in at -$0.22, missing analysts’ expectations of $0.01 by -0.23. This compares to $0.10 EPS in the same period last year. The company reported revenue of $68.92 million for the quarter, compared to $52.32 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 31.72 percent. For the current quarter, analysts expect NYMT to generate $28.96M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 10/26/2022. Investors who held shares on 09/26/2022 were paid a $0.10 dividend. On an annualized basis, this represents a $0.40 dividend and a 14.18% percent yield. There was an ex-dividend date of 09/23/2022 for this dividend.
New York Mortgage Trust Inc.(NYMT) Company Profile
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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2003 and is headquartered in New York, New York.