JonesTrading Reduces Price Objective for New York Mortgage Trust to $3.50
December 31, 2022
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NYMT Stock Fair Value – New York Mortgage ($NASDAQ:NYMT) Trust (NASDAQ: NYMT) is a real estate investment trust that invests in residential and commercial mortgage-backed securities and other financial assets. The company is based in New York and operates through its subsidiaries, primarily focusing on the origination, investment and management of residential mortgage-backed securities. In a research note released on Monday, JonesTrading, an independent research and brokerage firm, declared that the new price objective for New York Mortgage Trust (NYMT) was now at $3.50, a reduction from its previous price. The research note showed that JonesTrading believed that the current market conditions were not favorable for NYMT and its stock performance.
They felt that the company’s declining dividend rate was also a result of the uncertain economic environment. They also suggested that investors should remain cautious and focus on the company’s fundamentals before investing in the stock. Given the current market conditions, the reduced price objective may be an indication of the company’s future prospects. While NYMT’s stock is currently trading below its previous price objective, investors should keep an eye on the company’s future performance to get a better idea of the stock’s potential.
Stock Price
On Wednesday, news broke that JonesTrading had reduced the price objective for New York Mortgage Trust stock to $3.50. Despite this, the stock still managed to receive mostly positive media coverage and opened at $2.8 on Wednesday, closing at $2.9, which was a 1.8% increase from its previous closing price of $2.8. New York Mortgage Trust is a Real Estate Investment Trust (REIT) which specializes in investing in residential mortgage-backed securities (RMBS). Their securities are backed by Fannie Mae, Freddie Mac and other government entities, enabling them to provide investors with strong returns.
They also offer a variety of mortgage-related investments including residential mortgage loans and mortgage servicing rights (MSRs). Given their strong track record of performance and their impressive portfolio of investments, New York Mortgage Trust remains a solid investment for those looking for exposure to the residential mortgage-backed securities market. While JonesTrading’s recent price reduction may be an indication of potential short-term volatility, the long-term potential of New York Mortgage Trust’s investments remain strong and should continue to provide investors with attractive returns. 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 |
| -54.66 | -270.04 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NYMT. More…
| Operations | Investing | Financing |
| 144.28 | -1.04k | 947.75 |
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 |
| 6.77k | 4.79k | 3.7 |
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 |
| – | – | – |
VI Analysis – NYMT Stock Fair Value
The intrinsic value of their stock is estimated to be $2.6, calculated by the VI Line. Currently, New York Mortgage Trust’s stock is trading at a fair price of $2.9, about 10% higher than its intrinsic value. This could be due to the company’s positive outlook and investors’ confidence in its future performance. The company’s fundamentals are healthy and have shown consistent growth over time. Its financials have been stable and show no signs of a downturn. It has also established a strong presence in the industry, with a strong brand and reputation. The company’s management team is also highly experienced, with expertise in the mortgage sector. They have brought the company to success with their innovative strategies and market insights. Given all of these factors, New York Mortgage Trust appears to be a good investment option for those looking for a long-term return on their investment. The stock is currently slightly overvalued, but is still a good buy given its potential for growth in the future. More…
VI Peers
The competition between New York Mortgage Trust Inc and its competitors, Ellington Residential Mortgage REIT, AGNC Investment Corp, and Cherry Hill Mortgage Investment Corp, is intense. Each company is vying to offer the best mortgage products and services to their customers, in a bid to remain competitive in the industry. With a commitment to quality, these companies are striving to set the standard for excellence in the mortgage industry.
– Ellington Residential Mortgage REIT ($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
Investing in New York Mortgage Trust is a great opportunity for those looking to capitalize on the potential upside of the housing market. The company has a strong track record of providing high-yield dividends and steady share price growth.
Additionally, New York Mortgage Trust has recently been the subject of several positive news stories, which bode well for future performance. One of the biggest benefits of investing in New York Mortgage Trust is its ability to provide a steady stream of income. Through its dividend policy, the company consistently pays out dividends that are significantly higher than other companies in the mortgage industry. This makes it a great choice for those looking for an income-producing investment. Additionally, New York Mortgage Trust often pays out special dividends to shareholders, which can further enhance one’s return. The company also has a solid financial position and is well positioned to take advantage of the current housing market. It has access to a significant amount of capital, which it uses to make investments in mortgages and other real estate related assets. This can help increase the overall return on investment for shareholders. Finally, the company’s recently reduced price objective provides an attractive entry point for potential investors. This allows investors to purchase shares of New York Mortgage Trust at a lower price than its peers and still benefit from the potential upside of the housing market. Overall, investing in New York Mortgage Trust is an excellent opportunity for those looking to benefit from the potential upside of the housing market. The company’s strong track record, high dividend yield, and lower price point make it an attractive option for investors looking to capitalize on the current housing market.
