NYMT Intrinsic Value Calculation – New York Mortgage Trust, Reports Results for the Three Months Ended February 2023

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New York Mortgage ($NASDAQ:NYMT) Trust, Inc. is a specialty finance company that invests in residential mortgage-related securities and other asset-backed securities. The Company’s investment portfolio is focused on single-family real estate related assets and multi-family real estate related assets. The decline in net income was primarily due to higher interest expense due to the additional borrowings done by the Company to fund its increasing portfolio of residential mortgage-related securities and other asset-backed securities.

Furthermore, higher general and administrative expenses also contributed to the decline in net income in the reported quarter. The lower revenue was mainly due to lower net interest income and lower realized gains from the sale of securities.

Share Price

The stock opened at a price of $10.0 and closed at $9.1, signifying a 9.7% drop from its previous closing price of 10.0. The decrease in stock price was due to the company’s performance during the reporting period, which was weaker than anticipated. As a result, investors were less confident in the company’s ability to generate returns in the future and sold off their shares, leading to the decrease in stock price. This drop in stock price was also reflected in the company’s financial results, as it reported lower than expected profits. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for NYMT. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for NYMT. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for NYMT. More…

Key Ratios Snapshot

Some of the financial key ratios for NYMT are shown below. More…

Analysis – NYMT Intrinsic Value Calculation

At GoodWhale, we recently conducted an analysis of NEW YORK MORTGAGE TRUST’s wellbeing. Our proprietary Valuation Line has calculated the fair value of NEW YORK MORTGAGE TRUST share to be around $12.7. This means that NEW YORK MORTGAGE TRUST stock is currently trading at $9.1, undervalued by 28.6%. We believe this represents a great opportunity for investors to capitalize on this undervalued stock. 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

The stock price unfortunately declined the same day. It is important for investors to analyze the financial results to better understand the company’s performance. The key points to look at include net income, revenue, expenses, operating cash flow and debt levels.

Additionally, investors should consider the current market conditions and compare the company to its peers. This will help to evaluate the financial strength of New York Mortgage Trust, Inc. and make an informed decision on whether it is a good investment opportunity. Ultimately, investors should do their own due diligence before investing in any stock.