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New York Mortgage Trust Inc. Message Board

  • brucemacnabb brucemacnabb Mar 4, 2013 3:34 PM Flag

    Earnings

    Earnings set to be released Tuesday after close. Watch for the book value as this stock appears to be trading well above it. Sept 30 BV was $6.52 and one would guess it drops in Q4. Wednesday should be interesting.

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    • One has to choose between the numbers you like or don't like. Obviously the yoy numbers look better on many fronts (earnings, BV, etc). Maybe not as good when compared to last quarter. So we'll see who starts screaming about what. The comments from the CEO indicate that the proceeds from the October SPO would take longer to kick into action.

      Divvies paid are based on future expectations, so we'll see how they play it. If they have enough reserves to continue the divvy, things should be OK.

    • Dropped just .02. Not too bad

      • 3 Replies to bobdbeck
      • NYMT could still maintain the $0.27 dividend given the anticipated increased cash flow in future quarters.
        .""We are pleased with our earnings for the fourth quarter given, the deployment of a significant portion of the proceeds from the October 2012 equity offering into credit sensitive assets over the course of the fourth quarter. For a number of reasons, these credit sensitive assets tend to require a longer diligence and settlement process than investments in Agency RMBS. However, while the slower deployment of capital to these assets during the quarter may have impacted fourth quarter results, we are confident that the allocation of capital to these types of assets will produce longer-term benefits for our portfolio and our returns. "

      • Reported Q4 EPS of $0.19 is $0.06 worse than the analyst estimate of $0.25. Dividend may get trimmed

        Sentiment: Hold

      • That part is good. I can't say I really like earnings going from 30 cents to 19 cents though. I guess we'll see what they say tomorrow. That would be a pretty big div cut given it was 27 cents last quarter.

 
NYMT
7.96-0.02(-0.25%)Aug 28 4:00 PMEDT

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