New York Mortgage Trust Inc (NYMT) was Initiated by FBR & Co. to “Mkt Perform” and the brokerage firm has set the Price Target at $6.25. FBR & Co. advised their investors in a research report released on Oct 10, 2016.
On the company’s financial health, New York Mortgage Trust Inc reported $0.10 EPS for the quarter, missing the analyst consensus estimate by $ -0.08 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.18.Analysts expectations of $ 19.15.During the same quarter in the previous year, the company posted $0.20 EPS.
New York Mortgage Trust Inc opened for trading at $5.7 and hit $5.76 on the upside on Friday, eventually ending the session at $5.71, with a gain of 0.18% or 0.01 points. The heightened volatility saw the trading volume jump to 5,36,072 shares. Company has a market cap of $626 M.
In a different news, on Jun 10, 2016, Kevin M. Donlon (President) purchased 58,004 shares at $6.30 per share price. According to the SEC, on Aug 10, 2015, Steven R Mumma (CEO) purchased 15,000 shares at $6.67 per share price. On Aug 10, 2015, Kristine Rimando Nario (CFO) purchased 2,200 shares at $6.59 per share price, according to the Form-4 filing with the securities and exchange commission.
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.