Press coverage about New York Mortgage Trust (NASDAQ:NYMT) has been trending positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. New York Mortgage Trust earned a daily sentiment score of 0.43 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 26 out of 100, meaning that recent media coverage is unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have effected Accern’s scoring:
- BRIEF-New York Mortgage Trust says entered into an equity distribution agreement – SEC filing (reuters.com)
- Investor Update: Focusing in on Shares of New York Mortgage Trust … – Sparta Review (spartareview.com)
- Watching the Indicators for New York Mortgage Trust, Inc. (NASDAQ:NYMT) – Sparta Review (spartareview.com)
- Shares Running on Volume: New York Mortgage Trust Inc (NYMT) – Evergreen Caller (evergreencaller.com)
- New York Mortgage Trust’s (NYMT) CEO Steve Mumma on Q2 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
A number of research firms recently commented on NYMT. TheStreet downgraded New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. BidaskClub cut New York Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Keefe, Bruyette & Woods set a $6.00 price objective on New York Mortgage Trust and gave the company a “hold” rating in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. New York Mortgage Trust presently has a consensus rating of “Hold” and an average price target of $6.42.
New York Mortgage Trust (NASDAQ NYMT) traded up 0.16% during trading on Friday, reaching $6.19. The company had a trading volume of 909,165 shares. New York Mortgage Trust has a 12-month low of $5.65 and a 12-month high of $7.04. The firm has a market capitalization of $692.61 million, a PE ratio of 12.14 and a beta of 1.38. The firm’s 50 day moving average price is $6.26 and its 200 day moving average price is $6.33.
New York Mortgage Trust (NASDAQ:NYMT) last issued its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by $0.04. New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The firm had revenue of $15.71 million during the quarter, compared to analyst estimates of $17.42 million. During the same period in the previous year, the company earned $0.10 EPS. New York Mortgage Trust’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts anticipate that New York Mortgage Trust will post $0.54 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Monday, June 26th were issued a $0.20 dividend. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 12.92%. New York Mortgage Trust’s payout ratio is presently 156.87%.
New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.
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