NEW YORK (TheStreet) -- New York Mortgage Trust (NYMT) - Get Report stock is down by 17.13% to $4.21 on heavy trading volume on Wednesday, after the real estate investment trust reported lower-than-expected 2015 fourth quarter results.

After the market close on Tuesday, the financier of mortgage-related assets reported earnings of 1 cent per share, lower than analysts' forecasts for earnings of 21 cents per share. 

The company faces market difficulties such as volatile oil prices and uncertainty surrounding Federal Reserve interest rate hikes, New York Mortgage Trust said in a statement. 

"The performance of our portfolio in the fourth quarter of 2015 was impacted by significant market volatility and the timing of certain sales and acquisitions of residential loans, as well as our negative outlook for the reinvestment environment in the fourth quarter," CEO Steven Mumma said in a statement. 

So far today, 1.89 million shares of New York Mortgage Trust have traded, well above the company's 30-day average of about 977,000 shares. 

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Recommends

TheStreet Ratings rates this stock as a "hold" with a ratings score of C-. The company's strengths can be seen in multiple areas, such as its attractive valuation levels and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.

You can view the full analysis from the report here: NYMT

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