New York Mortgage Trust (NYMT) Scheduled to Post Quarterly Earnings on Wednesday

New York Mortgage Trust (NASDAQ:NYMT) is scheduled to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect New York Mortgage Trust to post earnings of $0.05 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings data on Wednesday, May 1st. The real estate investment trust reported ($0.30) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.42). New York Mortgage Trust had a negative return on equity of 2.60% and a negative net margin of 44.65%. The business had revenue of $83.89 million during the quarter, compared to the consensus estimate of $19.64 million. During the same period last year, the business posted $0.11 earnings per share. On average, analysts expect New York Mortgage Trust to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

New York Mortgage Trust Stock Performance

NASDAQ:NYMT traded down $0.01 during trading hours on Tuesday, hitting $6.53. The stock had a trading volume of 41,967 shares, compared to its average volume of 611,654. The company has a 50 day simple moving average of $6.14 and a two-hundred day simple moving average of $6.84. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 5.03. New York Mortgage Trust has a one year low of $5.65 and a one year high of $10.39.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 29th. Shareholders of record on Friday, June 28th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 12.25%. The ex-dividend date was Thursday, June 27th. New York Mortgage Trust’s payout ratio is -43.24%.

Wall Street Analysts Forecast Growth

NYMT has been the subject of several analyst reports. StockNews.com downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods cut their price target on shares of New York Mortgage Trust from $8.50 to $7.00 and set a “market perform” rating for the company in a report on Friday, May 3rd. Finally, UBS Group cut their price target on shares of New York Mortgage Trust from $7.50 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th.

New York Mortgage Trust 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, 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.