Stock News Buzz: New York Mortgage Trust, Inc. (Nasdaq: NYMT)

New York Mortgage Trust, Inc. (Nasdaq: NYMT) stock identified change of 9.14% away from 52-week low price and recently located move of -6.88% off 52-week high price. It has market worth of $1263.19M and dividend yield of 13.14%. NYMT stock has been recorded -1.35% away from 50 day moving average and -0.59% away from 200 day moving average. Moving closer, we can see that shares have been trading -1.94% off 20-day moving average.

New York Mortgage Trust, Inc. (Nasdaq: NYMT) released preliminary estimates of select financial data as of and for the three months ended June 30, 2019.

For the three months ended June 30, 2019, the Company estimates that, when finally determined, its net income attributable to common stockholders will be in the range of $0.07 to $0.09 per share (basic), and comprehensive income to common stockholders will be in the range of $0.17 to $0.19 per share. In addition, the Company estimates that, when finally determined, its book value per common share as of June 30, 2019 will be in the range of $5.73 to $5.75, compared to its book value per common share of $5.75 at March 31, 2019. Furthermore, as of June 30, 2019, the Company estimates that, when finally determined, its overall leverage ratio, which represents its total debt divided by its total stockholders’ equity, was approximately 1.8 to 1. The Company’s overall leverage ratio does not include the collateralized debt obligations (“CDOs”) issued by the Consolidated K-Series or its residential CDOs or other non-recourse debt, for which it has no obligation. The Company estimates that the leverage ratio on its short term financings or callable debt, which represents its repurchase agreement borrowings divided by its total stockholders’ equity, was approximately 1.7 to 1 as of June 30, 2019. The Company acquired $476 million of single-family residential and multi-family credit assets during the quarter ended June 30, 2019. For the quarter ended June 30, 2019, the Company had approximately 200,690,520 weighted average common shares outstanding.

The “Consolidated K-Series” refers to certain Freddie Mac-sponsored multi-family loan K-Series securitizations, of which the Company, or one of its special purpose entities, own the first loss PO securities and certain IO and/or mezzanine securities issued by them and that the Company consolidates in its consolidated financial statements in accordance with U.S. GAAP.

The Financial sector company, New York Mortgage Trust, Inc. noticed change of -2.72% to $6.09 along volume of 26141904 shares in recent session compared to an average volume of 2515.09K. The stock observed return of -1.93% in 5 days trading activity. The stock was at -3.49% over one month performance. NYMT’s shares are at -1.46% for the quarter and driving a -0.49% return over the course of the past year and is now at 3.40% since this point in 2018.

The average volatility for the week at 0.88% and for month was at 1.04%. There are 207.42M shares outstanding and 206.62M shares are floated in market. Right now the stock beta is 0.87.

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