
NYMT Stock Forecast & Price Target
NYMT Analyst Ratings
Bulls say
New York Mortgage Trust Inc. has demonstrated a notable improvement in leverage, increasing from 2.0x to 2.5x quarter-over-quarter, and further rising to 2.9x, indicating a strategic shift towards agency exposure that may present further growth opportunities. The company's net interest spread has also strengthened, climbing to 137 basis points, up 5 basis points from the previous quarter, signaling enhanced profitability from its asset lending activities. Additionally, a significant GAAP net income of $0.36 per share exceeded both the consensus estimate and previous projections, reflecting the effectiveness of the company's management and strategy in generating shareholder value.
Bears say
New York Mortgage Trust Inc. experienced a significant decline in adjusted book value per share (BVPS), with a drop of 478 basis points quarter-over-quarter in 3Q24 and an additional decrease of 136 basis points in 4Q24, indicating a troubling trend in asset value. The company's undepreciated earnings turned negative in 4Q24, missing estimates due to net fair value losses from widening agency MBS spreads, which highlights ongoing pressure on the company's profitability. Furthermore, potential interventions by the Federal Reserve to increase agency MBS purchases could lead to lower mortgage rates, increasing prepayments, and consequently dampening reinvestment yields, further aggravating the negative outlook for the company.
This aggregate rating is based on analysts' research of New York Mortgage Trust and is not a guaranteed prediction by Public.com or investment advice.
NYMT Analyst Forecast & Price Prediction
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