3-May-2024
eXp World in real estate gainers, New York Mortgage Trust in losers
Seeking Alpha News (Thu, 2-May 12:00 PM ET)
New York Mortgage (NYMT) Receives a Rating Update from a Top Analyst
TipRanks (Thu, 2-May 1:26 AM ET)
New York Mortgage Trust Streamlines Latest Financial Update
TipRanks (Wed, 1-May 4:33 PM ET)
New York Mortgage Trust GAAP EPS of -$0.75 misses by $0.89, revenue of $17.9M misses by $4.61M
Seeking Alpha News (Wed, 1-May 4:15 PM ET)
New York Mortgage Trust Reports First Quarter 2024 Results
Globe Newswire (Wed, 1-May 4:10 PM ET)
New York Mortgage Trust 2024 First Quarter Conference Call Scheduled for Thursday, May 2, 2024
Globe Newswire (Tue, 16-Apr 4:05 PM ET)
Globe Newswire (Wed, 13-Mar 4:16 PM ET)
New York Mortgage Trust Reports Fourth Quarter and Full Year 2023 Results
Globe Newswire (Wed, 21-Feb 4:05 PM ET)
New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.
New York Mortgage Trust trades on the NASDAQ stock market under the symbol NYMT.
As of May 3, 2024, NYMT stock price declined to $6.21 with 1,417,085 million shares trading.
NYMT has a beta of 1.29, meaning it tends to be more sensitive to market movements. NYMT has a correlation of 0.27 to the broad based SPY ETF.
NYMT has a market cap of $566.57 million. This is considered a Small Cap stock.
Last quarter New York Mortgage Trust reported $18 million in Revenue and -$.75 earnings per share. This fell short of revenue expectation by $-6 million and missed earnings estimates by -$.87.
In the last 3 years, NYMT stock traded as high as $19.74 and as low as $5.78.
The top ETF exchange traded funds that NYMT belongs to (by Net Assets): IJR, VTI, IWM, VXF, KBWD.
NYMT has underperformed the market in the last year with a price return of -24.9% while the SPY ETF gained +27.0%. NYMT has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.9% and -10.8%, respectively, while the SPY returned +3.7% and +3.3%, respectively.
NYMT support price is $6.15 and resistance is $6.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NYMT stock will trade within this expected range on the day.