FY2017 Earnings Estimate for New York Mortgage Trust Inc Issued By B. Riley (NYMT)

New York Mortgage Trust Inc (NASDAQ:NYMT) – B. Riley boosted their FY2017 EPS estimates for shares of New York Mortgage Trust in a research note issued to investors on Thursday. B. Riley analyst J. Levi-Ribner now forecasts that the real estate investment trust will earn $0.56 per share for the year, up from their previous estimate of $0.55. B. Riley has a “Neutral” rating and a $6.25 price objective on the stock. B. Riley also issued estimates for New York Mortgage Trust’s Q1 2018 earnings at $0.13 EPS, Q2 2018 earnings at $0.14 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.14 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.15 EPS and Q4 2019 earnings at $0.15 EPS.

Several other equities research analysts also recently weighed in on NYMT. Barclays increased their target price on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 10th. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. BidaskClub downgraded shares of New York Mortgage Trust from a “sell” rating to a “strong sell” rating in a research note on Thursday, December 21st. Keefe, Bruyette & Woods set a $6.00 target price on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research note on Sunday, November 12th. Finally, Maxim Group reiterated a “buy” rating and set a $6.50 target price on shares of New York Mortgage Trust in a research note on Monday, November 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $6.35.

Shares of New York Mortgage Trust (NYMT) opened at $6.07 on Friday. New York Mortgage Trust has a 12 month low of $5.90 and a 12 month high of $6.81. The firm has a market cap of $678.95, a PE ratio of 12.14 and a beta of 1.36. The company has a current ratio of 71.04, a quick ratio of 71.04 and a debt-to-equity ratio of 13.26.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in New York Mortgage Trust by 3.7% during the second quarter. Vanguard Group Inc. now owns 4,684,792 shares of the real estate investment trust’s stock worth $29,139,000 after purchasing an additional 169,079 shares in the last quarter. Global X MANAGEMENT CO LLC raised its holdings in New York Mortgage Trust by 4.0% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,780,156 shares of the real estate investment trust’s stock worth $17,098,000 after purchasing an additional 105,844 shares in the last quarter. State Street Corp raised its holdings in New York Mortgage Trust by 5.8% during the second quarter. State Street Corp now owns 2,325,571 shares of the real estate investment trust’s stock worth $14,468,000 after purchasing an additional 126,981 shares in the last quarter. Northern Trust Corp raised its holdings in New York Mortgage Trust by 4.7% during the second quarter. Northern Trust Corp now owns 2,114,941 shares of the real estate investment trust’s stock worth $13,155,000 after purchasing an additional 95,079 shares in the last quarter. Finally, Van ECK Associates Corp raised its holdings in New York Mortgage Trust by 10.6% during the third quarter. Van ECK Associates Corp now owns 638,266 shares of the real estate investment trust’s stock worth $3,925,000 after purchasing an additional 61,102 shares in the last quarter. 37.80% of the stock is owned by hedge funds and other institutional investors.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Monday, December 18th will be issued a dividend of $0.20 per share. The ex-dividend date is Friday, December 15th. This represents a $0.80 annualized dividend and a yield of 13.18%. New York Mortgage Trust’s dividend payout ratio is currently 160.00%.

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About New York Mortgage Trust

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.

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

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