New York Mortgage (NYMT) AI Stock Analysis

• Market Cap: $624.86M
• Dividend Yield: 11.56%
• Average Volume (3M): 597.34K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.92
• Revenue Growth: 33.94%
• EPS Growth: 96.99%
• Country: US
• Employees: 70
• Sector: Real Estate
• Sector Strength: 59
• Industry: REIT - Mortgage
• EPS (TTM): 0.33
• Shares Outstanding: 90,298,220
• 10 Day Avg. Volume: 515,319
• 30 Day Avg. Volume: 597,344
• PEG Ratio: 0.22
• Price to Book (P/B): 0.43
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 16.77
• Enterprise Value/Market Cap: 14.00
• Enterprise Value/Revenue: 6.42
• Enterprise Value/Gross Profit: 43.69
• Enterprise Value/Ebitda: 16.66
• 1Y Price Target: $7.75
• Price Target Upside: 11.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 6

• Rating: 58 Neutral
• Price Target: $7.00 ▲(0.29%Upside)

The overall score of 58 reflects the mixed financial performance and valuation concerns, partially offset by positive technical indicators and strategic corporate actions. The earnings call and recent acquisitions highlight a potentially positive future trajectory, but profitability challenges and a negative P/E ratio weigh heavily on the stock's attractiveness.

Positive Factors

Dividend Sustainability

Core earnings cover the dividend, yielding 12.6%, which is regarded as sustainable.

Financial Strategy

NYMT is positioned well to take advantage of additional opportunities with its current liquidity and leverage strategy.

Stock Price Potential

The price target has been raised to $8.00, indicating potential stock price appreciation.

Negative Factors

Asset Liquidation

NYMT has been unwinding its positions in multi-family assets since 2022, which has generated losses.

Earnings Performance

NYMT reported a net loss of ($0.46)/share in 4Q24 due to unrealized securities losses caused by interest rate changes.

New York Mortgage Business Overview & Revenue Model

Company Description

New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2003 and is headquartered in New York, New York.

How the Company Makes Money

NYMT makes money primarily through the interest and capital gains generated from its investment portfolio, which includes residential and multi-family mortgage loans, distressed residential loans, and various mortgage-backed securities. The company earns interest income from these assets, and it also profits from the acquisition and management of mortgage-related investments. Additionally, NYMT leverages its expertise in the mortgage market to navigate complex transactions and optimize returns. Key revenue streams include interest income, capital gains from the sale of securities, and fees from managing certain investment assets. Market conditions, interest rates, and housing market trends significantly affect its earnings, and strategic partnerships with financial institutions and other entities also contribute to its revenue model.

New York Mortgage Financial Statement Overview

Summary

New York Mortgage shows a mixed financial picture. The balance sheet is strong with no debt and solid equity, but revenue and profit margins are declining, leading to ongoing net losses. Although cash flow from operations has decreased, it remains positive, supported by strong cash reserves. Profitability issues need addressing for improved investor confidence.

Income Statement

New York Mortgage has experienced significant volatility in revenue and profit margins over the years. Recent data shows a decline in Total Revenue from $210 million in 2023 to $83.855 million in 2024, a significant drop. Gross Profit Margin remains stable at 100% for 2024, but Net Profit Margin is negative due to a net loss, indicating profitability challenges. EBIT and EBITDA margins are strong, but net losses raise concerns about overall profitability and growth trajectory.

Balance Sheet

The company's balance sheet shows a strong equity base, with Stockholders' Equity at $1.398 billion in 2024. With Total Debt at $0, the Debt-to-Equity Ratio indicates no leverage risk, which is positive. However, the Return on Equity is negative due to net losses, which impacts shareholder returns. The Equity Ratio is robust at approximately 15.2%, reflecting stable financial structure despite profitability challenges.

Cash Flow

Operating Cash Flow decreased from $29.953 million in 2023 to $14.071 million in 2024, indicating reduced cash generation from operations. Free Cash Flow remains positive but has also decreased. The Operating Cash Flow to Net Income and Free Cash Flow to Net Income ratios are impacted by negative net income but show the company's ability to generate operational cash despite losses. Cash reserves remain strong, helping to mitigate risks.

Breakdown	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	241.49M	210.00M	8.46M	266.51M	-207.48M
Gross Profit	241.49M	97.81M	-375.19M	237.66M	-219.81M
EBITDA	264.33M	206.44M	0.00	251.86M	0.00
Net Income	-62.03M	-48.66M	-298.61M	193.20M	-288.24M
Balance Sheet
Total Assets	9.22B	7.40B	6.24B	5.64B	4.66B
Cash, Cash Equivalents and Short-Term Investments	4.00B	2.20B	247.19M	490.45M	1.02B
Total Debt	3.56B	5.28B	2.64B	2.51B	1.80B
Total Liabilities	7.81B	5.77B	4.38B	3.23B	2.35B
Stockholders Equity	1.40B	1.58B	1.77B	2.34B	2.30B
Cash Flow
Free Cash Flow	4.60M	29.95M	-117.59M	-347.93M	110.55M
Operating Cash Flow	14.07M	29.95M	91.78M	138.91M	110.75M
Investing Cash Flow	-2.24B	-1.22B	-508.77M	-133.03M	2.12B
Financing Cash Flow	2.23B	1.14B	460.07M	27.49M	-2.05B

New York Mortgage Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 6.98
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NYMT, the sentiment is Positive. The current price of 6.98 is above the 20-day moving average (MA) of 6.70, above the 50-day MA of 6.60, and above the 200-day MA of 5.90, indicating a bullish trend. The MACD of 0.07 indicates Negative momentum. The RSI at 61.89 is Neutral, neither overbought nor oversold. The STOCH value of 62.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NYMT.

New York Mortgage Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TRTX	67 Neutral	$656.43M	11.80	6.22%	11.61%	-13.64%	―
ORC	61 Neutral	$768.05M	17.88	5.23%	19.62%	61.59%	―
NYMT	58 Neutral	$624.86M	―	2.63%	11.56%	33.94%	96.99%
KREF	54 Neutral	$615.51M	56.21	-1.76%	11.03%	-16.46%	―
Sector *	54 Neutral	$1.22B	3.74	0.67%	6.15%	-2.39%	-129.28%
IVR	50 Neutral	$486.00M	17.70	6.55%	19.45%	137.36%	―
RWT	48 Neutral	$817.34M	28.95	2.92%	11.54%	6.72%	228.13%

New York Mortgage Corporate Events

New York Mortgage Acquires Remaining Stake in Constructive Loans

On July 15, 2025, New York Mortgage Trust, Inc. announced the acquisition of the remaining 50% ownership interest in Constructive Loans, LLC, a leading originator in business purpose loans for residential real estate investors. This all-cash transaction marks a significant step in diversifying and scaling NYMT’s recurring earnings, enhancing its presence in the residential credit markets. Constructive Loans, which has shown solid profitability and performance since 2017, will continue to operate as an independent subsidiary with its leadership team intact, further strengthening NYMT’s strategy of investing in business purpose loans.

The most recent analyst rating on (NYMT) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on New York Mortgage stock, see the NYMT Stock Forecast page.

New York Mortgage Completes $90M Senior Notes Issuance

On July 8, 2025, New York Mortgage Trust, Inc. completed the issuance and sale of $90 million in 9.875% Senior Notes due 2030, including a partial exercise of an over-allotment option by underwriters. The notes, issued at 100% of the principal amount, are senior unsecured obligations and bear interest payable quarterly. The company intends to use the approximately $86.6 million net proceeds for general corporate purposes, including acquiring targeted mortgage and credit-related assets.

The most recent analyst rating on (NYMT) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on New York Mortgage stock, see the NYMT Stock Forecast page.

New York Mortgage Announces $50 Million Stock Sale

On June 13, 2025, New York Mortgage Trust, Inc. entered into an equity distribution agreement with JonesTrading Institutional Services LLC to sell up to $50 million of its preferred stock in at-the-market offerings. The company plans to use the proceeds for general corporate purposes, including acquiring targeted assets. Additionally, on June 12, 2025, the company amended its indenture for 5.75% Senior Notes due 2026, revising the Net Debt to Equity Ratio to not exceed 8.00 to 1.00, following a successful consent solicitation.

The most recent analyst rating on (NYMT) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on New York Mortgage stock, see the NYMT Stock Forecast page.

New York Mortgage Declares Quarterly Cash Dividend

On June 12, 2025, New York Mortgage Trust held its Annual Meeting of Stockholders, where all director nominees were elected, executive compensation was approved, and Grant Thornton LLP was ratified as the independent auditor for 2025. The Board also declared a quarterly cash dividend of $0.20 per share for common stockholders and announced dividends for its preferred stock series, reflecting the company’s ongoing commitment to shareholder returns.

The most recent analyst rating on (NYMT) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on New York Mortgage stock, see the NYMT Stock Forecast page.

New York Mortgage Reports Strong Q1 2025 Results

New York Mortgage Trust reported its first-quarter 2025 financial results, highlighting a net income of $30.3 million attributable to common stockholders and a net interest income of $33.1 million. The company increased its investment activities, purchasing $1.5 billion in Agency RMBS and $396.8 million in residential loans, while also issuing $82.5 million in senior notes and completing two securitizations of residential loans. CEO Jason Serrano noted that the strategic portfolio restructuring has bolstered the company’s earnings and balance sheet strength, positioning it to capitalize on market opportunities.