Stock in Focus: New York Mortgage Trust, Inc. (NYMT)

Company Profile:

New York Mortgage Trust, Inc., a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The companys investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities. It qualifies as a REIT for federal income tax purposes. The company generally would not be subject to federal income tax on that portion of its income if it distributes at least 90% of its taxable income to its stockholders. New York Mortgage Trust, Inc. was founded in 1989 and is headquartered in New York City, New York.

Recent News:

On Nov.02, 2017, the company reported 2017 third-quarter earnings of $27.8 million. On a per-share basis, it had profit of 21 cents. Revenue was $91.4 million in the period.

On Oct. 05, 2017, the company announced the pricing of a public offering of 5,000,000 shares of its 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, for gross proceeds of $125,000,000, before deducting underwriting discounts and offering expenses.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

NYMT’s strengths can be seen in its better growth and strong profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish cross in Stochastic Oscillator and RSI (14) stands at 56.02 with positive bias. We rate New York Mortgage Trust, Inc. (NYMT) a STRONG BUY.

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