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Sunday, April 2, 2023

Investing In New York Mortgage Trust Inc. (NASDAQ: NYMT): Why Should You?

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for New York Mortgage Trust Inc. (NYMT) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.26, or 2.84%, to $9.41. The New York Mortgage Trust Inc. has recorded 31,657 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that New York Mortgage Trust Announces Upsize of Common Stock Repurchase Program and Adoption of Preferred Stock Repurchase Program.

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Stocks Info

The company is listed on the NASDAQ and operates within the REIT – Mortgage industry segment. At the end of the last regular session, the stock closed at $9.15 and fluctuated between $9.31 as its day high and $8.84 as its day low. The current market capitalization of New York Mortgage Trust Inc. is $3.47B. A total of 1.45 million shares were traded on the day, compared to an average of 656.98K shares.

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, NYMT has seen 24 BUY and 29 SELL insider trades, representing the acquisition of 1,053,322 and the disposition of 583,212 shares. Over the last 12 months, there were 30 BUYs and 29 SELLs from insiders. Insiders purchased 1,284,838 shares during that period but sold 583,212.


The dividend paying company demonstrates a positive outlook for investors and helps them generate immediate cash. NYMT’s most recent ex-dividend date was 3/17/2023 when it declared a $0.40 quarterly dividend that was paid in cash on 4/26/2023. Previously, the company paid the dividend on 1/26/2023 with an ex-dividend date of 12/23/2022. The NYMT stock dividend was $0.40 per share in cash.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for NYMT in the last 3 months, the mean price target is $13.33 with high estimates of $20.00 and low estimates of $10.00. In terms of 52-week highs and lows, NYMT has a high of $15.00 and a low of $8.28.

As of this writing, NYMT has an earnings estimate of $0 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.1 per share and a lower estimate of -$0.11. The company reported an EPS of -$0.22 in the last quarter, which was -2,300.00% lower than expectations of $0.01.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 9 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for NYMT is Overweight with a score of 3.43. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 1 thought the stock was Underweight and 0 thought it should be Sold.

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