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Hot Stocks
New York Mortgage announces extension of exchange offer » 08:14
07/22/21
07/22
08:14
07/22/21
08:14
NYMT

New York Mortgage

$4.48 /

+0.085 (+1.94%)

New York Mortgage Trust…

New York Mortgage Trust announced that it has extended the expiration date of its offer to exchange up to $100,000,000 of new 5.75% Senior Notes due 2026 that have been registered under the Securities Act of 1933, as amended, for an equal amount of outstanding unregistered 5.75% Senior Notes due 2026. As a result of the extension, the exchange offer is now scheduled to expire at 5:00 P.M., New York City time, on July 23, 2021, unless further extended. The exchange offer was originally set to expire at 5:00 P.M., New York City time, on July 21, 2021. As of this date, tenders of approximately $98,750,000 aggregate principal amount, or 98.75%, of the Existing Notes have been received pursuant to the exchange offer. Except for the extension of the expiration date, all of the other terms of the exchange offer remain as set forth in the exchange offer prospectus, dated June 21, 2021.

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NYMT New York Mortgage
$4.48 /

+0.085 (+1.94%)

05/17/21 BofA
New York Mortgage downgraded to Underperform from Neutral at BofA
05/12/21
Fly Intel: Top five analyst initiations
05/12/21 B. Riley
New York Mortgage initiated with a Buy at B. Riley
11/23/20 BTIG
New York Mortgage initiated with a Neutral at BTIG
NYMT New York Mortgage
$4.48 /

+0.085 (+1.94%)

NYMT New York Mortgage
$4.48 /

+0.085 (+1.94%)

Options
Unusual call flow in option market yesterday » 07:35
07/20/21
07/20
07:35
07/20/21
07:35
VOD

Vodafone

$15.70 /

-0.58 (-3.56%)

, NYMT

New York Mortgage

$4.31 /

-0.05 (-1.15%)

Notable call activity was…

Notable call activity was cited Monday in Vodafone (VOD) and New York Mortgage (NYMT).

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VOD Vodafone
$15.70 /

-0.58 (-3.56%)

VOD Vodafone
$15.70 /

-0.58 (-3.56%)

07/09/21 Morgan Stanley
Vodafone price target lowered to 180 GBp from 200 GBp at Morgan Stanley
07/01/21 JPMorgan
Vodafone price target lowered to 165 GBp from 197 GBp at JPMorgan
05/19/21 Barclays
Vodafone price target lowered to 165 GBp from 175 GBp at Barclays
05/19/21 Credit Suisse
Vodafone price target lowered to 150 GBp from 170 GBp at Credit Suisse
NYMT New York Mortgage
$4.31 /

-0.05 (-1.15%)

05/17/21 BofA
New York Mortgage downgraded to Underperform from Neutral at BofA
05/12/21
Fly Intel: Top five analyst initiations
05/12/21 B. Riley
New York Mortgage initiated with a Buy at B. Riley
11/23/20 BTIG
New York Mortgage initiated with a Neutral at BTIG
NYMT New York Mortgage
$4.31 /

-0.05 (-1.15%)

VOD Vodafone
$15.70 /

-0.58 (-3.56%)

VOD Vodafone
$15.70 /

-0.58 (-3.56%)

VOD Vodafone
$15.70 /

-0.58 (-3.56%)

Over a month ago
Downgrade
New York Mortgage downgraded to Underperform from Neutral at BofA » 07:09
05/17/21
05/17
07:09
05/17/21
07:09
NYMT

New York Mortgage

$4.49 /

+0.09 (+2.05%)

BofA downgraded New York…

BofA downgraded New York Mortgage to Underperform from Neutral with a $4.50 price target.

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NYMT New York Mortgage
$4.49 /

+0.09 (+2.05%)

05/12/21
Fly Intel: Top five analyst initiations
05/12/21 B. Riley
New York Mortgage initiated with a Buy at B. Riley
11/23/20 BTIG
New York Mortgage initiated with a Neutral at BTIG
11/11/20 Maxim
New York Mortgage upgraded to Buy from Hold at Maxim
NYMT New York Mortgage
$4.49 /

+0.09 (+2.05%)

Initiation
Fly Intel: Top five analyst initiations » 09:56
05/12/21
05/12
09:56
05/12/21
09:56
TSP

TuSimple

$37.44 /

-0.64 (-1.68%)

, VNDA

Vanda Pharmaceuticals

$18.00 /

+0.25 (+1.41%)

, NYMT

New York Mortgage

$4.38 /

+0.025 (+0.57%)

, CCEP

Coca-Cola Europacific Partners

$57.40 /

+1.235 (+2.20%)

, ASPN

Aspen Aerogels

$18.14 /

-0.03 (-0.17%)

Catch up on today's…

Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. TuSimple (TSP) initiated with an Outperform at Credit Suisse. 2. Vanda Pharmaceuticals (VNDA) initiated with a Buy at BofA. 3. New York Mortgage (NYMT) initiated with a Buy at B. Riley. 4. Coca-Cola European Partners (CCEP) reinstated with a Neutral at Goldman Sachs. 5. Aspen Aerogels (ASPN) assumed with an Outperform at Northland. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.

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VNDA Vanda Pharmaceuticals
$18.00 /

+0.25 (+1.41%)

TSP TuSimple
$37.44 /

-0.64 (-1.68%)

CCEP Coca-Cola Europacific Partners
$57.40 /

+1.235 (+2.20%)

ASPN Aspen Aerogels
$18.14 /

-0.03 (-0.17%)

TSP TuSimple
$37.44 /

-0.64 (-1.68%)

05/12/21 Credit Suisse
TuSimple initiated with an Outperform at Credit Suisse
05/11/21 Oppenheimer
TuSimple initiated with an Outperform at Oppenheimer
05/11/21 Wolfe Research
TuSimple initiated with a Peer Perform at Wolfe Research
05/10/21
Fly Intel: Top five analyst initiations
VNDA Vanda Pharmaceuticals
$18.00 /

+0.25 (+1.41%)

05/12/21 BofA
BofA starts 'multi-product pipeline play' Vanda Pharmaceuticals at Buy
05/12/21 BofA
Vanda Pharmaceuticals initiated with a Buy at BofA
02/11/21 Citi
Vanda Pharmaceuticals price target raised to $18 from $14 at Citi
01/14/21 Citi
Vanda Pharmaceuticals downgraded to Neutral from Buy at Citi
NYMT New York Mortgage
$4.38 /

+0.025 (+0.57%)

05/12/21 B. Riley
New York Mortgage initiated with a Buy at B. Riley
11/23/20 BTIG
New York Mortgage initiated with a Neutral at BTIG
11/11/20 Maxim
New York Mortgage upgraded to Buy from Hold at Maxim
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight on stabilization at Barclays
CCEP Coca-Cola Europacific Partners
$57.40 /

+1.235 (+2.20%)

05/12/21 Goldman Sachs
Coca-Cola European Partners reinstated with a Neutral at Goldman Sachs
05/12/21 Deutsche Bank
Coca-Cola European Partners upgraded to Buy from Hold at Deutsche Bank
05/05/21 Exane BNP Paribas
Coca-Cola European Partners initiated with a Neutral at Exane BNP Paribas
02/23/21 Societe Generale
Coca-Cola European Partners downgraded to Sell from Hold at Societe Generale
ASPN Aspen Aerogels
$18.14 /

-0.03 (-0.17%)

05/12/21 Northland
Aspen Aerogels assumed with an Outperform at Northland
04/26/21 B. Riley
Aspen Aerogels resumed with a Buy at B. Riley
02/22/21 B. Riley
Aspen Aerogels price target raised to $30 from $19 at B. Riley Securities
02/19/21 Canaccord
Aspen Aerogels price target raised to $32 from $16 at Canaccord
VNDA Vanda Pharmaceuticals
$18.00 /

+0.25 (+1.41%)

TSP TuSimple
$37.44 /

-0.64 (-1.68%)

NYMT New York Mortgage
$4.38 /

+0.025 (+0.57%)

ASPN Aspen Aerogels
$18.14 /

-0.03 (-0.17%)

  • 15
    Apr
TSP TuSimple
$37.44 /

-0.64 (-1.68%)

VNDA Vanda Pharmaceuticals
$18.00 /

+0.25 (+1.41%)

TSP TuSimple
$37.44 /

-0.64 (-1.68%)

ASPN Aspen Aerogels
$18.14 /

-0.03 (-0.17%)

TSP TuSimple
$37.44 /

-0.64 (-1.68%)

Initiation
New York Mortgage initiated with a Buy at B. Riley » 06:13
05/12/21
05/12
06:13
05/12/21
06:13
NYMT

New York Mortgage

$4.36 /

-0.045 (-1.02%)

B. Riley analyst Matt…

B. Riley analyst Matt Howlett initiated coverage of New York Mortgage Trust with a Buy rating and $6 price target. Based on his dividend forecast and expected price appreciation, the analyst estimates that the stock has a 40% potential total return profile. Over the last decade, New York Mortgage has delivered among the highest economic return within the space due in part to strong asset selection, low leverage, and a "highly efficient" operating structure, Howlett tells investors in a research note. He expects the company to achieve a mid-teens return on equity and grow its quarterly dividend to 15c per share by the second half of 2022.

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NYMT New York Mortgage
$4.36 /

-0.045 (-1.02%)

11/23/20 BTIG
New York Mortgage initiated with a Neutral at BTIG
11/11/20 Maxim
New York Mortgage upgraded to Buy from Hold at Maxim
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight on stabilization at Barclays
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight from Underweight at Barclays
NYMT New York Mortgage
$4.36 /

-0.045 (-1.02%)

Earnings
New York Mortgage reports Q1 EPS 11c, consensus 12c » 17:22
05/06/21
05/06
17:22
05/06/21
17:22
NYMT

New York Mortgage

$4.59 /

-0.025 (-0.54%)

Steven Mumma, Chairman…

Steven Mumma, Chairman and Chief Executive Officer, commented: "The Company completed another successful quarter, delivering an economic return of 2.1%, with $0.11 GAAP earnings per share and $0.12 comprehensive earnings per share. Our portfolio net margin expanded by 12 basis points to 2.42%, but more importantly, our portfolio net interest income increased by $4.4 million from the previous quarter, or 17%. We expect to see improvement in both our net interest margin and net interest income in future periods as we continue to transition out of lower-yielding CUSIP securities and focus increasingly on loans in both our single-family and multi-family strategies. On the balance sheet-side, we have continued to focus on expanding our access to longer-termed, non-mark-to-market financing arrangements. As a testament to the strengthening of our balance sheet in recent quarters, we were pleased to close on our first rated unsecured bond deal in April, a $100 million, 5.75%, 5-year financing, that serves as an additional non-mark-to-market financing option for the Company as we continue to build our credit portfolio." Jason Serrano, President, commented: "The Company continues to offer its stockholders excellent risk-adjusted returns, rotating away from the utilization of portfolio recourse and placing greater emphasis on non-mark-to-market leverage. At 0.2x portfolio leverage, we believe the Company's expanded liquidity allows our investment team to focus on sectors away from the highly competitive, liquid securities markets to obtain more stable, long-term value for stockholders. After adding $358 million of new investments in our core strategies, our pipeline currently sits at one of its highest levels. We believe the consummation of a significant amount of these pipeline opportunities will enhance our EPS in future periods."

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NYMT New York Mortgage
$4.59 /

-0.025 (-0.54%)

11/23/20 BTIG
New York Mortgage initiated with a Neutral at BTIG
11/11/20 Maxim
New York Mortgage upgraded to Buy from Hold at Maxim
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight on stabilization at Barclays
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight from Underweight at Barclays
NYMT New York Mortgage
$4.59 /

-0.025 (-0.54%)

Over a quarter ago
Earnings
New York Mortgage reports Q EPS 19c, consensus 9c » 16:52
02/24/21
02/24
16:52
02/24/21
16:52
NYMT

New York Mortgage

$4.24 /

+0.135 (+3.29%)

Steven Mumma, Chairman…

Steven Mumma, Chairman and Chief Executive Officer, commented: "The Company had a solid fourth quarter, delivering $0.19 GAAP earnings per share and $0.22 in comprehensive earnings per share. As of December 31, 2020, the Company's book value per share was $4.71, up 3% from the prior quarter, resulting in an economic return of 5% for the quarter. During the fourth quarter, the Company was able to build on the positive momentum from the prior two quarters, executing longer term financing through a residential securitization and expanding its investment pipeline to its highest level since March. This past year was a difficult and challenging time for the Company, as well as many other mortgage REITs. Over a three-week span in March, we experienced unprecedented liquidity constraints on many of our credit asset classes as a direct result of the market disruption caused by the COVID-19 pandemic. These constraints across markets created a valuation gap that further drove down values, in many cases, disconnected from the fundamentals of the underlying assets, and generated historic levels of margin calls from our financing counterparties. Through the coordinated effort of our investment professionals, we were able to reposition the portfolio and stabilize the balance sheet, but not before incurring sizeable losses. We saw significant improvements for our assets during the balance of the year, which allowed the Company to trim the total economic return to (14.6)% for the year. While the total economic return for 2020 on an absolute-basis is disappointing, I am proud of our team and the way they performed throughout the year." Jason Serrano, President, commented: "With a multi-decade low of housing inventory for sale coupled with population shifts to the southern and southeast U.S., housing credit risk currently benefits from these favorable trends that we believe should provide sustainable earnings growth for housing and housing-related assets. We are excited about the flexibility afforded by our low levered balance sheet, as we believe this positions us to take advantage of these dynamics, especially in an exceptionally low cost term financing environment. Indeed, under a unique, two-tiered approach within single- and multi-family sectors, our proprietary pipelines grew significantly in the fourth quarter and have continued in the new year. NYMT has emerged from an unprecedented year with renewed positions of strength and confidence that we believe are capable of delivering solid results for stockholders in 2021."

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NYMT New York Mortgage
$4.24 /

+0.135 (+3.29%)

11/23/20 BTIG
New York Mortgage initiated with a Neutral at BTIG
11/11/20 Maxim
New York Mortgage upgraded to Buy from Hold at Maxim
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight on stabilization at Barclays
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight from Underweight at Barclays
NYMT New York Mortgage
$4.24 /

+0.135 (+3.29%)

Initiation
New York Mortgage initiated with a Neutral at BTIG » 16:28
11/23/20
11/23
16:28
11/23/20
16:28
NYMT

New York Mortgage

$3.55 /

+0.19 (+5.66%)

BTIG analyst Eric Hagen…

BTIG analyst Eric Hagen initiated coverage of New York Mortgage with a Neutral rating and no price target. While he thinks there could meaningful potential upside in the valuation given where the stock is trading in relation to book value, the "key to unlocking that value" rests on having more clear direction for the funding sources available to re-lever its portfolio, the analyst tells investors.

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NYMT New York Mortgage
$3.55 /

+0.19 (+5.66%)

11/11/20 Maxim
New York Mortgage upgraded to Buy from Hold at Maxim
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight on stabilization at Barclays
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight from Underweight at Barclays
04/24/20 Credit Suisse
New York Mortgage upgraded to Neutral from Underperform at Credit Suisse
NYMT New York Mortgage
$3.55 /

+0.19 (+5.66%)

  • 11
    Feb
  • 08
    Jan
Upgrade
New York Mortgage upgraded to Buy from Hold at Maxim » 08:02
11/11/20
11/11
08:02
11/11/20
08:02
NYMT

New York Mortgage

$2.99 /

+0.11 (+3.83%)

Maxim analyst Michael…

Maxim analyst Michael Diana upgraded New York Mortgage to Buy from Hold with a $4.50 price target. The analyst cites the company's "strong" Q3 results and outlook, with more core earnings growth anticipated for 2021. Diana adds that he expects New York Mortgage Trust to grow its book value and dividends from their current low base.

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NYMT New York Mortgage
$2.99 /

+0.11 (+3.83%)

05/27/20 Barclays
New York Mortgage upgraded to Equal Weight on stabilization at Barclays
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight from Underweight at Barclays
04/24/20 Credit Suisse
New York Mortgage upgraded to Neutral from Underperform at Credit Suisse
04/24/20 Credit Suisse
New York Mortgage upgraded to Neutral from Underperform at Credit Suisse
NYMT New York Mortgage
$2.99 /

+0.11 (+3.83%)

  • 11
    Feb
  • 08
    Jan
  • 20
    Nov
NYMT New York Mortgage
$2.99 /

+0.11 (+3.83%)

Earnings
New York Mortgage reports Q3 EPS 23c, consensus 7c » 17:46
11/05/20
11/05
17:46
11/05/20
17:46
NYMT

New York Mortgage

$2.77 /

+0.085 (+3.17%)

Reports Q3 revenue…

Reports Q3 revenue $34.77M, consensus $.Steven Mumma, Chairman and Chief Executive Officer, commented: "The Company delivered another solid quarter despite the current environment, generating $0.24 GAAP earnings per share and $0.30 comprehensive earnings per share. The Company's book value increased to $4.58, an increase of approximately 5% from the previous quarter and 18% from the first quarter. Including the $0.075 per common share dividend declared in September, the Company posted a total economic return of 7.0% for the quarter. On the balance sheet-side, the Company continued to strengthen its financial position during the quarter, completing a residential loan securitization and a non-mark-to-market residential loan repurchase agreement with a new counterparty further reducing its mark-to-market financing to $626 million at quarter end from $964 million the prior quarter. In October 2020, the Company completed a second residential loan securitization, reducing our mark-to-market financing by an additional $236 million. The Company completed the quarter with over $600 million in cash as we continue to believe that volatility around the election and the ongoing COVID-19 pandemic will present compelling investment opportunities during the fourth quarter and the early part of next year."

ShowHide Related Items >><<
NYMT New York Mortgage
$2.77 /

+0.085 (+3.17%)

05/27/20 Barclays
New York Mortgage upgraded to Equal Weight on stabilization at Barclays
05/27/20 Barclays
New York Mortgage upgraded to Equal Weight from Underweight at Barclays
04/24/20 Credit Suisse
New York Mortgage upgraded to Neutral from Underperform at Credit Suisse
04/24/20 Credit Suisse
New York Mortgage upgraded to Neutral from Underperform at Credit Suisse
NYMT New York Mortgage
$2.77 /

+0.085 (+3.17%)

  • 11
    Feb
  • 08
    Jan
  • 20
    Nov
NYMT New York Mortgage
$2.77 /

+0.085 (+3.17%)

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