New York Mortgage Trust Inc (NYMT) reported quarterly earnings results on Tuesday, May-3-2016. The company reported $0.13 earnings per share for the quarter, missing the analyst consensus estimate by $-0.04. Analysts had a consensus of $0.17. The company posted revenue of $17.64 million in the period, compared to analysts expectations of $19.27 million. The company’s revenue was down -18.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.
Many Wall Street Analysts have commented on New York Mortgage Trust Inc. Shares were Reiterated by Barclays on Mar 1, 2016 to “Equal Weight” and Lowered the Price Target to $ 5 from a previous price target of $6 .Shares were Reiterated by Maxim Group on Feb 25, 2016 to “Buy” and Lowered the Price Target to $ 6.50 from a previous price target of $7 .Shares were Reiterated by Deutsche Bank on Feb 25, 2016 to “Hold” and Lowered the Price Target to $ 6 from a previous price target of $6.75 .
New York Mortgage Trust Inc closed down -0.06 points or -1.15% at $5.14 with 6,16,432 shares getting traded on Monday. Post opening the session at $5.2, the shares hit an intraday low of $5.09 and an intraday high of $5.24 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Aug 10, 2015, Steven R Mumma (CEO) purchased 15,000 shares at $6.67 per share price. According to the SEC, on Aug 10, 2015, Kristine Rimando Nario (CFO) purchased 2,200 shares at $6.59 per share price.
New York Mortgage Trust Inc. is a real estate investment trust (REIT). The Company acquires invests in finances and manages primarily mortgage-related assets. The Company’s portfolio includes certain credit sensitive assets and investments sourced from distressed markets. Its targeted assets include residential mortgage loans including distressed residential loans multi-family commercial mortgage-backed securities (CMBS) mezzanine loans to and preferred equity investments in owners of multi-family properties equity and debt securities issued by entities that invest in commercial real estate-related debt investments and Agency RMBS. The Company invests in other commercial real estate-related investments such as the origination or acquisition of mezzanine loans to and preferred equity investments in owners of multi-family properties with a focus on conventional apartments cooperative housing associations student housing and other related property types.