New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced a quarterly dividend on Thursday, September 14th, RTT News reports. Stockholders of record on Monday, September 25th will be given a dividend of 0.20 per share by the real estate investment trust on Wednesday, October 25th. This represents a $0.80 annualized dividend and a dividend yield of 12.74%.
Shares of New York Mortgage Trust (NASDAQ NYMT) opened at 6.28 on Friday. New York Mortgage Trust has a 12-month low of $5.65 and a 12-month high of $7.04. The stock has a 50 day moving average of $6.24 and a 200 day moving average of $6.28. The stock has a market capitalization of $702.68 million, a P/E ratio of 12.31 and a beta of 1.38.
New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.04). The business had revenue of $15.71 million during the quarter, compared to analyst estimates of $17.42 million. New York Mortgage Trust had a net margin of 19.62% and a return on equity of 10.05%. The business’s revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.10 earnings per share. Equities research analysts anticipate that New York Mortgage Trust will post $0.53 EPS for the current fiscal year.
A number of equities analysts have recently commented on the stock. BidaskClub cut shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Zacks Investment Research upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Keefe, Bruyette & Woods set a $6.00 price objective on shares of New York Mortgage Trust and gave the company a “hold” rating in a research report on Monday, August 14th. Finally, TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a research report on Friday, August 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. New York Mortgage Trust has an average rating of “Hold” and a consensus price target of $6.42.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.
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