New York Mortgage Trust (NYMT) Given Daily Media Impact Rating of 0.07
Media headlines about New York Mortgage Trust (NASDAQ:NYMT) have trended somewhat positive on Sunday, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New York Mortgage Trust earned a media sentiment score of 0.07 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.7398141209484 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- New York Mortgage Trust, Inc. (NASDAQ:NYMT) Experiences Heavier than Usual Trading Volume – First News 24 (firstnewspaper24.com)
- New York Mortgage Trust president exits (seekingalpha.com)
- NEW YORK MORTGAGE TRUST INC : Change in Directors or Principal Officers, Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- New York Mortgage Trust Announces Resignation of its President and Promotions in Multifamily Group (finance.yahoo.com)
- New York Mortgage Trust, Inc. (NYMT) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
New York Mortgage Trust (NYMT) traded up 0.32% during midday trading on Friday, hitting $6.20. The company had a trading volume of 1,378,450 shares. New York Mortgage Trust has a 52 week low of $5.65 and a 52 week high of $7.04. The stock has a 50 day moving average price of $6.25 and a 200 day moving average price of $6.28. The company has a market capitalization of $693.72 million, a P/E ratio of 12.16 and a beta of 1.38.
New York Mortgage Trust (NASDAQ:NYMT) last released its quarterly earnings data on Thursday, August 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.04). The firm had revenue of $15.71 million for the quarter, compared to analysts’ expectations of $17.42 million. New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The company’s revenue for the quarter was down 5.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.10 earnings per share. Equities analysts forecast that New York Mortgage Trust will post $0.53 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Monday, September 25th will be given a dividend of $0.20 per share. The ex-dividend date is Friday, September 22nd. This represents a $0.80 annualized dividend and a yield of 12.90%. New York Mortgage Trust’s dividend payout ratio (DPR) is presently 156.87%.
Several equities research analysts recently weighed in on the company. BidaskClub lowered New York Mortgage Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Keefe, Bruyette & Woods set a $6.00 price target on New York Mortgage Trust and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, TheStreet lowered New York Mortgage Trust from a “c” rating to a “d+” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.42.
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.
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