NYMT Intrinsic Value Calculation – Allspring Global Investments Holdings LLC Sells Over 10 Million Shares of New York Mortgage Trust
June 29, 2023
☀️Trending News
Allspring Global Investments Holdings LLC recently disposed of over 10 million shares of New York Mortgage ($NASDAQ:NYMT) Trust, Inc. According to Defense World, this equates to 10917734 shares that are no longer in the possession of Allspring. New York Mortgage Trust is a public business trust that focuses primarily on investing in residential mortgage-related assets. The trust primarily invests in Agency RMBS, Non-Agency RMBS, and residential whole loan investments.
It also invests in commercial mortgage-related assets such as CMBS, mezzanine loans, CMBS interest-only securities, and other similar investments. With this recent divestment, investors should watch to see if Allspring Global Investments Holdings LLC’s decision to sell its shares of New York Mortgage Trust will have a significant impact on the stock price.
Market Price
NYMT stock opened at $9.9 and closed at $10.0, up by 0.4% from its last closing price of $9.9. Following the announcement, NYMT stock rose slightly throughout the day, closing the trading session up 0.4%. The announcement of the sale suggests that Allspring Global Investments Holdings LLC may be looking to divest their ownership of NYMT stock, taking advantage of the current market conditions to realize a return on their investment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NYMT. More…
| Total Revenues | Net Income | Net Margin |
| 123.84 | -245.71 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NYMT. More…
| Operations | Investing | Financing |
| 91.78 | -508.77 | 460.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NYMT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.17k | 4.35k | 13.16 |
Key Ratios Snapshot
Some of the financial key ratios for NYMT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – NYMT Intrinsic Value Calculation
At GoodWhale, we have conducted an in-depth analysis of NEW YORK MORTGAGE TRUST’s wellbeing. Our proprietary Valuation Line has calculated the intrinsic value of NEW YORK MORTGAGE TRUST’s shares to be around $10.3. In the current market, NEW YORK MORTGAGE TRUST’s stock is traded at $10.0, which we deem to be fair price, however, it is slightly undervalued by 2.8%. This presents investors an opportunity to gain from potential upside. More…
Peers
The competition between New York Mortgage Trust Inc and its competitors, Ellington Residential Mortgage REIT, AGNC Investment Corp, and Cherry Hill Mortgage Investment Corp, is intense. Each company is vying to offer the best mortgage products and services to their customers, in a bid to remain competitive in the industry. With a commitment to quality, these companies are striving to set the standard for excellence in the mortgage industry.
– Ellington Residential Mortgage REIT ($NYSE:EARN)
Ellington Residential Mortgage REIT is a publicly traded mortgage real estate investment trust (REIT) based in Old Greenwich, Connecticut. As of 2022, the company has a market capitalization of $92.05 million. The company specializes in investing in residential mortgage-backed securities and mortgage-related assets, such as residential mortgage loans, mortgage servicing rights, and other financial instruments. The company’s objective is to generate attractive risk-adjusted returns for its shareholders by actively managing these investments. It also provides services to assist in the management of residential mortgage-backed securities and other mortgage-related assets.
– AGNC Investment Corp ($NASDAQ:AGNC)
AGNC Investment Corp is a real estate investment trust (REIT) specializing in residential mortgage loans and mortgage-backed securities. As of 2022, the company has a market cap of 5.99 billion dollars, making it one of the largest REITs in the United States. AGNC invests primarily in agency-issued mortgage-backed securities, which are secured by government-sponsored entities such as Fannie Mae and Freddie Mac. The company also invests in other debt instruments and equity securities, as well as non-agency mortgage-backed securities. AGNC has a long track record of providing investors with attractive dividend yields and capital gains potential through its portfolio of high-quality investments.
– Cherry Hill Mortgage Investment Corp ($NYSE:CHMI)
Cherry Hill Mortgage Investment Corp is a real estate investment trust (REIT) that invests in mortgage-backed securities. The company’s market capitalization is 121.95 million as of 2022. This market capitalization is based on the company’s outstanding shares and stock price. Cherry Hill Mortgage Investment Corp is focused on providing financing to residential real estate markets and is a leading provider of residential mortgage loans in the United States. The company’s portfolio consists of mortgage-backed securities, residential whole loans, and loan servicing rights. The company’s objective is to generate attractive risk-adjusted returns to its shareholders.
Summary
Allspring Global Investment Holdings LLC recently sold 10917734 shares of New York Mortgage Trust, Inc. This investment highlights the continuing trend of institutional investors showing strong confidence in the mortgage sector. This sale signals an overall bullish outlook; institutional investors tend to be more conservative and careful when making investments and the fact that they are willing to part with such a large amount of shares indicates a very positive outlook for New York Mortgage Trust. Short-term fluctuations in the market may cause some volatility, however the long-term prospects of the company remain strong. Investors should continue to monitor the performance of the company and its sector as a whole in order to make sound decisions about their investments.
