New York Mortgage Trust Q4 earnings jump amid lower market volatility [Seeking Alpha]
New York Mortgage Trust, Inc. (NYMT)
Last new york mortgage trust, inc. earnings: 2/24 04:05 pm
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Source: Seeking Alpha
a backdrop of lower volatility thanks to the Federal Reserve's pivot to a more dovish stance. Q4 GAAP EPS of $0.35 , breezing past the $0.07 average analyst estimate, jumped from -$1.04 in Q3 and -$0.52 in the year-ago quarter. Total net interest income of $16.8M remained roughly unchanged from Q3 and slid from $22.3M a year before. "In hindsight, the past decision to reduce portfolio risk and increase liquidity turned out to be premature and consequently lowered Company earnings throughout 2023," CEO Jason Serrano said in a statement. "However, we believe this approach will yield improved results not only this year, but has the potential to enhance results in the years ahead as trillions of dollars of maturing commercial real estate debt is sorted out," he added. Q4 adjusted net interest income of $23.5M vs. $20.7M in the prior quarter and $22.3M in Q4 2022. Book value per common share was $11.31 at Dec. 31, 2023, compared with $11.26 at Sept. 30, 2023. Economic return
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News
- New York Mortgage Trust Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- New York Mortgage Trust Reports First Quarter 2024 ResultsGlobeNewswire
- New York Mortgage Trust 2024 First Quarter Conference Call Scheduled for Thursday, May 2, 2024GlobeNewswire
- New York Mortgage Trust, Inc. (NASDAQ: NYMT) had its "buy" rating re-affirmed by analysts at B. Riley. They now have a $11.00 price target on the stock, down previously from $15.00.MarketBeat
- New York Mortgage Trust Declares First Quarter 2024 Common Stock Dividend of $0.20 Per Share, and Preferred Stock DividendsGlobeNewswire
NYMT
Earnings
- 5/1/24 - Miss
NYMT
Sec Filings
- 5/1/24 - Form 8-K
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- NYMT's page on the SEC website