New York Mortgage Trust Inc Plans Quarterly Dividend of $0.27 (NYMT)
New York Mortgage Trust (NASDAQ:NYMT) announced a quarterly dividend on Wednesday, June 18th, StockRatingsNetwork.com reports. Stockholders of record on Monday, June 30th will be paid a dividend of 0.27 per share on Friday, July 25th. This represents a $1.08 annualized dividend and a dividend yield of 13.30%.
A number of research firms have recently commented on NYMT. Analysts at Deutsche Bank reiterated a “hold” rating on shares of New York Mortgage Trust in a research note on Thursday, May 8th. They now have a $8.00 price target on the stock, up previously from $7.75. On a related note, analysts at Zacks upgraded shares of New York Mortgage Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $7.50 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of New York Mortgage Trust in a research note on Monday, April 14th. They now have a $7.00 price target on the stock. Seven equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $7.53.
New York Mortgage Trust (NASDAQ:NYMT) traded up 0.87% on Wednesday, hitting $8.12. 754,384 shares of the company’s stock traded hands. New York Mortgage Trust has a one year low of $5.55 and a one year high of $8.14. The stock has a 50-day moving average of $7.75 and a 200-day moving average of $7.44. The company has a market cap of $736.1 million and a price-to-earnings ratio of 7.38.
New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.03.
New York Mortgage Trust, Inc (NASDAQ:NYMT), together with its consolidated subsidiaries, is a self-advised real estate investment trust (REIT).
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