New York Mortgage Trust, Inc. (NYMT) Declares $0.20 Quarterly Dividend
New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced a quarterly dividend on Thursday, September 14th, RTT News reports. Investors of record on Monday, September 25th will be paid a dividend of 0.20 per share by the real estate investment trust on Wednesday, October 25th. This represents a $0.80 dividend on an annualized basis and a yield of 12.74%.
Shares of New York Mortgage Trust (NASDAQ NYMT) traded up 0.96% during midday trading on Thursday, reaching $6.28. 652,291 shares of the company were exchanged. The firm has a market capitalization of $702.68 million, a P/E ratio of 12.31 and a beta of 1.38. The firm has a 50-day moving average of $6.24 and a 200 day moving average of $6.28. New York Mortgage Trust has a 52 week low of $5.65 and a 52 week high of $7.04.
New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Thursday, August 3rd. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.04). The company had revenue of $15.71 million for the quarter, compared to analysts’ expectations of $17.42 million. New York Mortgage Trust had a return on equity of 10.05% and a net margin of 19.62%. The company’s quarterly revenue was down 5.7% compared to the same quarter last year. During the same period last year, the business earned $0.10 EPS. On average, equities research analysts expect that New York Mortgage Trust will post $0.53 EPS for the current year.
Several brokerages have weighed in on NYMT. BidaskClub raised shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a research note on Friday, August 4th. Zacks Investment Research lowered shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. Finally, Keefe, Bruyette & Woods set a $6.00 target price on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research note on Monday, August 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. New York Mortgage Trust currently has an average rating of “Hold” and a consensus target price of $6.42.
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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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