New York Mortgage Trust (NYMT) shares soared 5.2% in the last trading session to close at $5.66. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 19.2% loss over the past four weeks.
New York Mortgage Trust’s surge in its stock price follows the broader market rally driven by the optimism surrounding Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tariff pause reduced immediate fears of a trade war, fostering a more favorable economic outlook. The tariff pause will likely ease cost pressure, which improves margins and enhances profitability for mREIT stocks. These factors have boosted investor confidence in mREIT stock like NYMT.
This real estate investment trust is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +136.7%. Revenues are expected to be $22.91 million, up 28.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For New York Mortgage Trust, the consensus EPS estimate for the quarter has been revised 3.9% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on NYMT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
New York Mortgage Trust is a member of the Zacks REIT and Equity Trust industry. One other stock in the same industry, BrightSpire (BRSP), finished the last trading session 4.4% higher at $4.74. BRSP has returned -22.5% over the past month.
Colony Credit's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.16. Compared to the company's year-ago EPS, this represents a change of -30.4%. Colony Credit currently boasts a Zacks Rank of #4 (Sell).
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New York Mortgage Trust, Inc. (NYMT): Free Stock Analysis Report BrightSpire Capital, Inc. (BRSP): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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