NYMT Stock Fair Value – NYMT Upsizes Common Stock Repurchase Program and Approves New Preferred Stock Repurchase Program in 2023.
March 25, 2023
Trending News ☀️
New York Mortgage ($NASDAQ:NYMT) Trust (NYMT) recently announced that it has significantly increased the size of its Common Stock Repurchase Program and has also approved a new Preferred Stock Repurchase Program. The repurchase programs are intended to maximize shareholder value, through the repurchase of shares at prices which management believes are attractive and in the best interests of NYMT and its shareholders. The new Preferred Stock Repurchase Program is expected to begin in 2023 and will be funded through available cash resources and proceeds from future debt or equity issuances, if any. The company stated that its repurchase programs should not be construed as an indication that the company believes its stock is undervalued.
It is simply a way for NYMT to continue to deliver value back to its shareholders. Overall, this decision is a strong show of confidence from NYMT’s board of directors in its ability to manage its financial resources and create value for its shareholders.
Stock Price
Current media sentiment towards NYMT is mostly positive. On Friday, NYMT stock opened at $9.2 and closed at $8.9, a decrease of 8.2% from its last closing price of $9.7. 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 |
| 9.89 | -340.58 | – |
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 |
| 6.24k | 4.38k | 13.48 |
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 Stock Fair Value
At GoodWhale, we analyzed the fundamentals of NEW YORK MORTGAGE TRUST and found that, according to our proprietary Valuation Line, its fair value per share lies at approximately $13.5. Currently, NEW YORK MORTGAGE TRUST’s stock is trading at $8.9 per share, indicating that the stock is undervalued by 34.3%. We believe this presents an attractive opportunity for those seeking value in the stock market. More…
Peers
The competition between New York Mortgage Trust Inc and its competitors, Ellington Residential Mortgage REIT, AGNC Investment Corp, and Cherry Hill Mortgage Investment Corp, is intense. Each company is vying to offer the best mortgage products and services to their customers, in a bid to remain competitive in the industry. With a commitment to quality, these companies are striving to set the standard for excellence in the mortgage industry.
– Ellington Residential Mortgage REIT ($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
New York Mortgage Trust (NYMT) recently announced a common stock repurchase program and approved a new preferred stock repurchase program for 2023. The news has been generally well-received among investors, but the stock price has experienced a decline on the same day. Investors should consider the potential benefits of the new repurchase programs, such as increased share values and dividends, as well as any risks associated with investing in NYMT.
Additionally, investors should watch for future developments related to the repurchase programs, including further announcements or changes to the program. Overall, NYMT is an attractive investment opportunity that may deliver returns in the long-term.
