NYMT Stock Overview
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States.
New York Mortgage Trust Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||US$3.02|
|52 Week High||US$4.50|
|52 Week Low||US$2.24|
|1 Month Change||7.86%|
|3 Month Change||-0.66%|
|1 Year Change||-30.09%|
|3 Year Change||-50.97%|
|5 Year Change||-51.37%|
|Change since IPO||-96.62%|
Recent News & Updates
New York Mortgage Trust GAAP EPS of -$0.22 misses by $0.21, Total net interest income of $26.13M misses by $2.08M
New York Mortgage Trust press release (NASDAQ:NYMT): Q2 GAAP EPS of -$0.22 misses by $0.21. Total net interest income of $26.13M (-17.0% Y/Y) misses by $2.08M. Portfolio net interest margin of 3.48%. Book value per common share at the end of the period of $4.06. Shares -0.96%.
|NYMT||US Mortgage REITs||US Market|
Return vs Industry: NYMT underperformed the US Mortgage REITs industry which returned -18.2% over the past year.
Return vs Market: NYMT underperformed the US Market which returned -11.6% over the past year.
|NYMT Average Weekly Movement||7.0%|
|Mortgage REITs Industry Average Movement||5.5%|
|Market Average Movement||7.8%|
|10% most volatile stocks in US Market||16.9%|
|10% least volatile stocks in US Market||3.2%|
Stable Share Price: NYMT is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: NYMT's weekly volatility (7%) has been stable over the past year.
About the Company
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets. The company qualifies as a real estate investment trust for federal income tax purposes.
New York Mortgage Trust Fundamentals Summary
|NYMT fundamental statistics|
Is NYMT overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NYMT income statement (TTM)|
|Cost of Revenue||US$178.09m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||-0.28|
|Net Profit Margin||-79.12%|
How did NYMT perform over the long term?See historical performance and comparison
13.2%Current Dividend Yield
Is NYMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Book vs Peers
Price-To-Book vs Industry
Price-To-Book vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NYMT?
Other financial metrics that can be useful for relative valuation.
|What is NYMT's n/a Ratio?|
Price to Book Ratio vs Peers
How does NYMT's PB Ratio compare to its peers?
|NYMT PB Ratio vs Peers|
|Company||PB||Estimated Growth||Market Cap|
FBRT Franklin BSP Realty Trust
EFC Ellington Financial
BRMK Broadmark Realty Capital
RWT Redwood Trust
NYMT New York Mortgage Trust
Price-To-Book vs Peers: NYMT is good value based on its Price-To-Book Ratio (0.7x) compared to the peer average (0.9x).
Price to Earnings Ratio vs Industry
How does NYMT's PE Ratio compare vs other companies in the US Mortgage REITs Industry?
Price-To-Book vs Industry: NYMT is good value based on its Price-To-Book Ratio (0.7x) compared to the US Mortgage REITs industry average (0.9x)
Price to Book Ratio vs Fair Ratio
What is NYMT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PB Ratio||0.7x|
|Fair PB Ratio||n/a|
Price-To-Book vs Fair Ratio: Insufficient data to calculate NYMT's Price-To-Book Fair Ratio for valuation analysis.
Share Price vs Fair Value
What is the Fair Price of NYMT when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NYMT ($3.02) is trading above our estimate of fair value ($1.86)
Significantly Below Fair Value: NYMT is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.
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How is New York Mortgage Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
Future Growth Score0/6
Future Growth Score 0/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NYMT is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: NYMT is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: NYMT is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: NYMT's revenue is expected to decline over the next 3 years (-1.6% per year).
High Growth Revenue: NYMT's revenue is forecast to decline over the next 3 years (-1.6% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if NYMT's Return on Equity is forecast to be high in 3 years time
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How has New York Mortgage Trust performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NYMT is currently unprofitable.
Growing Profit Margin: NYMT is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NYMT is unprofitable, and losses have increased over the past 5 years at a rate of 10.1% per year.
Accelerating Growth: Unable to compare NYMT's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NYMT is unprofitable, making it difficult to compare its past year earnings growth to the Mortgage REITs industry (-1.6%).
Return on Equity
High ROE: NYMT has a negative Return on Equity (-4.32%), as it is currently unprofitable.
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How is New York Mortgage Trust's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NYMT's short term assets ($5.1B) exceed its short term liabilities ($97.3M).
Long Term Liabilities: NYMT's short term assets ($5.1B) exceed its long term liabilities ($5.0B).
Debt to Equity History and Analysis
Debt Level: NYMT's net debt to equity ratio (207.8%) is considered high.
Reducing Debt: NYMT's debt to equity ratio has reduced from 1105% to 226.6% over the past 5 years.
Debt Coverage: NYMT's debt is not well covered by operating cash flow (2.9%).
Interest Coverage: Insufficient data to determine if NYMT's interest payments on its debt are well covered by EBIT.
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What is New York Mortgage Trust current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: NYMT's dividend (13.25%) is higher than the bottom 25% of dividend payers in the US market (1.5%).
High Dividend: NYMT's dividend (13.25%) is in the top 25% of dividend payers in the US market (4.05%)
Stability and Growth of Payments
Stable Dividend: NYMT's dividend payments have been volatile in the past 10 years.
Growing Dividend: NYMT's dividend payments have fallen over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: NYMT is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (105.4%), NYMT's dividend payments are not well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Jason Serrano (47 yo)
Mr. Jason T. Serrano serves as the President at New York Mortgage Trust, Inc. since January 7, 2019 and is its Director since March 19, 2019. Mr. Serrano serves as Chief Executive Officer at New York Mortg...
CEO Compensation Analysis
Compensation vs Market: Jason's total compensation ($USD4.53M) is about average for companies of similar size in the US market ($USD3.91M).
Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.
Experienced Management: NYMT's management team is considered experienced (4.3 years average tenure).
Experienced Board: NYMT's board of directors are considered experienced (4.4 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
New York Mortgage Trust, Inc.'s employee growth, exchange listings and data sources
- Name: New York Mortgage Trust, Inc.
- Ticker: NYMT
- Exchange: NasdaqGS
- Founded: 2003
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Implied Market Cap: US$1.141b
- Shares outstanding: 377.72m
- Website: https://www.nymtrust.com
Number of Employees
- New York Mortgage Trust, Inc.
- 90 Park Avenue
- Floor 23
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/08/11 00:00|
|End of Day Share Price||2022/08/11 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.