Views of Wall Street’s Leading Experts on New York Mortgage Trust Inc.

New York Mortgage Trust Inc. (NASDAQ: NYMT) stock jumped 0.32% on Friday to $3.12 against a previous-day closing price of $3.11. With 2.49 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.89 million shares. During the session, the REIT – Mortgage company that operates in wider Real Estate sector, reached to the highest price of $3.1598 whereas the lowest price it dropped to was $3.0600. The 52-week range on NYMT shows that it touched its highest point at $4.50 and its lowest point at $2.24 during that stretch. It currently has a 1-year price target of $3.91. With its current market cap of 1.15 billion, NYMT has annualized dividend of $0.40 while the current yield stands at 12.82%. Beta for the stock currently stands at 1.75.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of NYMT was up-trending over the past week, with a rise of 2.63%, but this was up by 9.09% over a month. Three-month performance dropped to -7.14% while six-month performance fell -16.35%. The stock lost -28.11% in the past year, while it has lost -16.13% so far this year. A look at the trailing 12-month EPS for NYMT yields 0.05 with Next year EPS estimates of 0.33. For the next quarter, that number is 0.01. This implies an EPS growth rate of 142.60% for this year and 175.00% for next year. EPS is expected to grow by 6.59% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -5.40%.

Float and Shares Shorts:

At present, 380.80 million NYMT shares are outstanding with a float of 376.87 million shares on hand for trading. On Jul 14, 2022, short shares totaled 10.75 million, which was 2.82% higher than short shares on Jun 14, 2022. In addition to Mr. Steven R. Mumma CPA as the firm’s Exec. Chairman, Mr. Jason T. Serrano serves as its Pres, CEO & Director.

Institutional Ownership:

Through their ownership of 58.28% of NYMT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 36.14% of NYMT, in contrast to 20.34% held by mutual funds. Shares owned by individuals account for 1.59%. As the largest shareholder in NYMT with 16.37% of the stake, BlackRock Fund Advisors holds 62,400,777 shares worth 62,400,777. A second-largest stockholder of NYMT, The Vanguard Group, Inc., holds 24,859,803 shares, controlling over 6.52% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in NYMT, holding 14,478,874 shares or 3.80% stake. With a 7.05% stake in NYMT, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 26,881,547 shares are owned by the mutual fund manager. The Allspring Special Small Cap Value, which owns about 3.00% of NYMT stock, is the second-largest Mutual Fund holder. It holds 11,418,806 shares valued at 31.52 million. Vanguard Total Stock Market Index holds 2.97% of the stake in NYMT, owning 11,305,464 shares worth 31.2 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for NYMT since 10 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With NYMT analysts setting a high price target of $5.50 and a low target of $3.00, the average target price over the next 12 months is $3.91. Based on these targets, NYMT could surge 76.28% to reach the target high and fall by -3.85% to reach the target low. Reaching the average price target will result in a growth of 25.32% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. NYMT will report FY 2022 earnings on 02/21/2023. Analysts have provided yearly estimates in a range of $0.30 being high and -$0.02 being low. For NYMT, this leads to a yearly average estimate of $0.06. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. New York Mortgage Trust Inc. surprised analysts by -$0.29 when it reported -$0.22 EPS against a consensus estimate of $0.07. The surprise factor in the prior quarter was -$0.29. Based on analyst estimates, the high estimate for the next quarter is $0.09 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.08.

Dividends & Yield:

In terms of dividends, NYMT has a current ratio of $0.4, which is $0.4 over the trailing 12-months, while a dividend of $0.64 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and NYMT currently yields $12.82. In the past year, NYMT’s dividend yield has been $12.82, but when looking at the stock over the past five years, its yield has been $14.10. Accordingly, NYMT has a current buyback yield of $0.0. This was $0.0 for the TTM.

Summary of Insider Activity:

Insiders traded NYMT stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 231,516 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 8 over the past year. The total number of shares bought during that period was 1,374,899 while 262,879 shares were sold.

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