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• New York Mortgage Trust Inc NYMT.OQ reported a quarterly adjusted loss of 29 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of -41 cents. The mean expectation of seven analysts for the quarter was for earnings of 3 cents per share. Wall Street expected results to range from -2 cents to 9 cents per share.

• Revenue rose 25.8% to $19.04 million from a year ago; analysts expected $23.48 million.

• New York Mortgage Trust Inc's reported EPS for the quarter was a loss of 29 cents​.

• The company reported a quarterly loss of $26.03 million.

• New York Mortgage Trust Inc shares had risen by 13.0% this quarter and lost 22.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 81.7% in the last three months.​

• In the last 30 days, there have been earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and "sell" or "strong sell."

• The average consensus recommendation for the specialized reits peer group is also "hold"

Wall Street's median 12-month price target for New York Mortgage Trust Inc is $7.00

This summary was machine generated from LSEG data July 31 at 09:23 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)