Stock in Focus: New York Mortgage Trust, Inc. (NYMT)
- Sunday, November 5, 2017, 17:55
- Stock Market, Stock Research
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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. @@@@@ |
Profitability – Measures the historical price movement of the stock. @@@@@ |
Solvency – Measures the solvency of the company based on several ratios. @@@@@ |
Efficiency – Measures the strength and historic growth of a company’s return on invested capital. @@@@@ |
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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