It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 $0.03, or 0.32%, to $9.35. The New York Mortgage Trust Inc. has recorded 9,792 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that New York Mortgage Trust Declares Third Quarter 2023 Common Stock Dividend of $0.30 Per Share, and Preferred Stock Dividends.
New York Mortgage Trust Inc. is listed on the NASDAQ in the Real Estate sector while operating in the REIT – Mortgage industry. At the end of the last regular session, the stock closed at $9.32 and fluctuated between $9.43 as its day high and $9.26 as its day low. The current market capitalization of New York Mortgage Trust Inc. is $849.52M. A total of 0.53 million shares were traded on the day, compared to an average of 584.74K shares.
Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, NYMT has seen 6 BUY and 0 SELL insider trades, representing the acquisition of 71,718 and the disposition of 0 shares. Over the last 12 months, there were 30 BUYs and 29 SELLs from insiders. Insiders purchased 1,125,040 shares during that period but sold 583,212.
The reasons why investors prefer dividend-paying companies are that dividends generate immediate cash flow and indicate that the company will perform well in the future. NYMT’s most recent ex-dividend date was 6/15/2023 when it declared a $0.30 quarterly dividend that was paid in cash on 7/26/2023. Previously, the company paid the dividend on 4/26/2023 with an ex-dividend date of 3/17/2023. The NYMT stock dividend was $0.40 per share in cash.
Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for NYMT in the last 3 months, the mean price target is $11.65 with high estimates of $15.00 and low estimates of $9.00. In terms of 52-week highs and lows, NYMT has a high of $12.96 and a low of $8.09.
As of this writing, NYMT has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $0.32 per share and a lower estimate of -$0.11. The company reported an EPS of $0.11 in the last quarter, which was 450.00% higher than expectations of $0.02.
Balance Sheet Annually/Quarterly
As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. Its Book Value Per Share was $12.65, while its Total Shareholder’s Equity was $2.43B.
After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 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 Buy with a score of 3.60.