New York Mortgage Trust (NYMT) Announces Quarterly Results
New York Mortgage Trust (NASDAQ: NYMT) issued its quarterly earnings data on Tuesday. The company reported $0.19 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.06.
On the ratings front, analysts at Deutsche Bank initiated coverage on shares of New York Mortgage Trust in a research note to investors on Friday, December 21st. They set a “buy” rating and a $7.25 price target on the stock.
New York Mortgage Trust (NYMT) traded up 0.99% on Tuesday, hitting $7.15. New York Mortgage Trust (NYMT) has a 52-week low of $5.51 and a 52-week high of $7.69. The stock’s 50-day moving average is currently $6.89. The company has a market cap of $354.4 million and a price-to-earnings ratio of 7.10.
New York Mortgage Trust, Inc. (NYMT), together with its consolidated subsidiaries, is a self-advised real estate investment trust (REIT).
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