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.
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.
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.
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.