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NYMT

New York Mortgage Trust NasdaqGS:NYMT Stock Report

Last Price

US$3.03

Market Cap

US$1.1b

7D

-2.9%

1Y

-29.9%

Updated

10 Aug, 2022

Data

Company Financials +
NYMT fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance0/6
Financial Health3/6
Dividends2/6

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

Summary of all time highs, changes and price drops for New York Mortgage Trust
Historical stock prices
Current Share PriceUS$3.03
52 Week HighUS$4.50
52 Week LowUS$2.24
Beta1.73
1 Month Change8.60%
3 Month Change3.06%
1 Year Change-29.86%
3 Year Change-50.81%
5 Year Change-51.21%
Change since IPO-96.61%

Recent News & Updates

Aug 02

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%.

Shareholder Returns

NYMTUS Mortgage REITsUS Market
7D-2.9%1.4%1.2%
1Y-29.9%-18.2%-11.6%

Return vs Industry: NYMT underperformed the US Mortgage REITs industry which returned -18.7% over the past year.

Return vs Market: NYMT underperformed the US Market which returned -13.5% over the past year.

Price Volatility

Is NYMT's price volatile compared to industry and market?
NYMT volatility
NYMT Average Weekly Movement7.0%
Mortgage REITs Industry Average Movement5.6%
Market Average Movement7.9%
10% most volatile stocks in US Market17.0%
10% least volatile stocks in US Market3.2%

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

FoundedEmployeesCEOWebsite
200365Jason Serranohttps://www.nymtrust.com

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

How do New York Mortgage Trust's earnings and revenue compare to its market cap?
NYMT fundamental statistics
Market CapUS$1.14b
Earnings (TTM)-US$107.41m
Revenue (TTM)US$135.76m

8.4x

P/S Ratio

-10.7x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
NYMT income statement (TTM)
RevenueUS$135.76m
Cost of RevenueUS$178.09m
Gross Profit-US$42.33m
Other ExpensesUS$65.08m
Earnings-US$107.41m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)-0.28
Gross Margin-31.18%
Net Profit Margin-79.12%
Debt/Equity Ratio226.6%

How did NYMT perform over the long term?

See historical performance and comparison

Dividends

13.2%

Current Dividend Yield

-142%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is NYMT undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

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

  • Analyst Forecast

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.

NYMT key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Book Ratio vs Peers

How does NYMT's PB Ratio compare to its peers?

NYMT PB Ratio vs Peers
The above table shows the PB ratio for NYMT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average0.9x
FBRT Franklin BSP Realty Trust
1x137.5%US$1.3b
EFC Ellington Financial
1x175.4%US$941.5m
BRMK Broadmark Realty Capital
0.8x13.7%US$919.4m
RWT Redwood Trust
0.8x108.8%US$962.2m
NYMT New York Mortgage Trust
0.7x171.1%US$1.1b

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.

NYMT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio0.7x
Fair PB Ration/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 ($3.03) is trading above our estimate of fair value ($1.88)

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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Future Growth

How is New York Mortgage Trust forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


171.1%

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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Past Performance

How has New York Mortgage Trust performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


-10.1%

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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Financial Health

How is New York Mortgage Trust's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

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.


Balance Sheet


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Dividend

What is New York Mortgage Trust current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


13.20%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: NYMT's dividend (13.2%) is higher than the bottom 25% of dividend payers in the US market (1.51%).

High Dividend: NYMT's dividend (13.2%) is in the top 25% of dividend payers in the US market (4.09%)


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.


Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

Jason Serrano (47 yo)

3.58yrs

Tenure

US$4,534,275

Compensation

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 ($USD4.53M) is about average for companies of similar size in the US market ($USD3.93M).

Compensation vs Earnings: Jason's compensation has increased whilst the company is unprofitable.


Leadership Team

Experienced Management: NYMT's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: NYMT's board of directors are considered experienced (4.4 years average tenure).


Ownership

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.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

New York Mortgage Trust, Inc.'s employee growth, exchange listings and data sources


Key Information

  • Name: New York Mortgage Trust, Inc.
  • Ticker: NYMT
  • Exchange: NasdaqGS
  • Founded: 2003
  • Industry: Mortgage REITs
  • Sector: Diversified Financials
  • Implied Market Cap: US$1.145b
  • Shares outstanding: 377.72m
  • Website: https://www.nymtrust.com

Number of Employees


Location

  • New York Mortgage Trust, Inc.
  • 90 Park Avenue
  • Floor 23
  • New York
  • New York
  • 10016
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/10 00:00
End of Day Share Price2022/08/10 00:00
Earnings2022/06/30
Annual Earnings2021/12/31


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.