At the time of writing, New York Mortgage Trust Inc [NYMT] stock is trading at $7.26, up 0.83%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The NYMT shares have gain 4.46% over the last week, with a monthly amount glided 0.69%, and seem to be holding up well over a long-time horizon.
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On 13, March 2024, New York Mortgage Trust Declares First Quarter 2024 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends. In a post published today on Yahoo Finance, New York Mortgage Trust, Inc. (Nasdaq: NYMT) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending March 31, 2024. The dividend will be payable on April 25, 2024 to common stockholders of record as of the close of business on March 25, 2024.
From an analyst’s perspective:
New York Mortgage Trust Inc [NASDAQ: NYMT] stock has seen the most recent analyst activity on December 06, 2023, when UBS initiated its Neutral rating and assigned the stock a price target of $8.50. Previously, Ladenburg Thalmann downgraded its rating to Neutral on February 24, 2023. On July 18, 2022, downgrade downgraded it’s rating to Mkt Perform but maintained its price target of $3 on the stock. Keefe Bruyette upgraded its rating to a Outperform but stick to its price target of $4.50 on February 23, 2022. BofA Securities downgraded its rating to a Underperform but $4.50 remained the price target by the analyst firm on May 17, 2021. B. Riley Securities started tracking with a Buy rating for this stock on May 12, 2021, and assigned it a price target of $6. In a note dated November 24, 2020, BTIG Research initiated an Neutral rating.
For the past year, the stock price of New York Mortgage Trust Inc fluctuated between $6.87 and $10.30. Currently, Wall Street analysts expect the stock to reach $21.25 within the next 12 months. New York Mortgage Trust Inc [NASDAQ: NYMT] shares were valued at $7.26 at the most recent close of the market. An investor can expect a potential return of 192.7% based on the average NYMT price forecast.
Analyzing the NYMT fundamentals
According to New York Mortgage Trust Inc [NASDAQ:NYMT], the company’s sales were 391.76M for trailing twelve months, which represents an -22.94% plunge. Gross Profit Margin for this corporation currently stands at -0.4% with Operating Profit Margin at -0.32%, Pretax Profit Margin comes in at -0.43%, and Net Profit Margin reading is -0.37%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is -0.04 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.34.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 7.17 points at the first support level, and at 7.09 for the second support level. However, for the 1st resistance point, the stock is sitting at 7.30, and for the 2nd resistance point, it is at 7.35.
New York Mortgage Trust Inc [NYMT] reported earnings per share of $0.35 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.02/share, meaning a difference of $0.33 and a surprise factor of 1,650.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$1.04 per share as compared to estimates of $0.1 per share, a difference of -$1.14 representing a surprise of -1,140.00%.
Ratios To Look Out For
Considering the valuation of this stock, the price to sales ratio is 1.69, the price to book ratio is 0.63.
