New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced a quarterly dividend on Thursday, June 15th, Wall Street Journal reports. Investors of record on Monday, June 26th will be given a dividend of 0.20 per share by the real estate investment trust on Tuesday, July 25th. This represents a $0.80 annualized dividend and a dividend yield of 12.27%. The ex-dividend date is Thursday, June 22nd.

Shares of New York Mortgage Trust (NASDAQ NYMT) traded up 0.62% during trading on Thursday, reaching $6.52. The company had a trading volume of 734,885 shares. The stock’s 50-day moving average price is $6.27 and its 200-day moving average price is $6.43. The company has a market capitalization of $729.22 million, a PE ratio of 13.07 and a beta of 1.41. New York Mortgage Trust has a 52 week low of $5.64 and a 52 week high of $7.04.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Wednesday, May 3rd. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. New York Mortgage Trust had a return on equity of 9.98% and a net margin of 20.53%. The firm had revenue of $13.92 million for the quarter, compared to analysts’ expectations of $19.49 million. During the same quarter last year, the firm posted $0.13 earnings per share. On average, equities analysts expect that New York Mortgage Trust will post $0.60 EPS for the current fiscal year.

Dividend History for New York Mortgage Trust (NASDAQ:NYMT)

Several large investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co. NY raised its stake in New York Mortgage Trust by 4.4% in the first quarter. Metropolitan Life Insurance Co. NY now owns 75,249 shares of the real estate investment trust’s stock worth $464,000 after buying an additional 3,161 shares during the period. Bank of America Corp DE raised its stake in New York Mortgage Trust by 134.2% in the first quarter. Bank of America Corp DE now owns 135,853 shares of the real estate investment trust’s stock worth $838,000 after buying an additional 77,857 shares during the period. Schwab Charles Investment Management Inc. raised its stake in New York Mortgage Trust by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 420,651 shares of the real estate investment trust’s stock worth $2,596,000 after buying an additional 23,256 shares during the period. Geode Capital Management LLC raised its stake in New York Mortgage Trust by 11.5% in the first quarter. Geode Capital Management LLC now owns 918,770 shares of the real estate investment trust’s stock worth $5,668,000 after buying an additional 94,769 shares during the period. Finally, Vanguard Group Inc. raised its stake in New York Mortgage Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 4,515,713 shares of the real estate investment trust’s stock worth $27,862,000 after buying an additional 119,586 shares during the period. Institutional investors and hedge funds own 36.10% of the company’s stock.

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Several equities research analysts have commented on the company. Keefe, Bruyette & Woods set a $6.00 price objective on New York Mortgage Trust and gave the stock a “hold” rating in a research note on Wednesday, May 10th. Zacks Investment Research lowered New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 6th. Finally, Ladenburg Thalmann Financial Services lowered New York Mortgage Trust from a “buy” rating to a “neutral” rating in a research note on Friday, March 24th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.15.

New York Mortgage Trust Company Profile

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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