New York Mortgage Trust, Inc. (NYMT) Announces Quarterly Dividend of $0.20
New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced a quarterly dividend on Friday, December 8th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be given a dividend of 0.20 per share by the real estate investment trust on Thursday, January 25th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 12.46%. The ex-dividend date of this dividend is Friday, December 15th.
New York Mortgage Trust (NYMT) traded up $0.01 during mid-day trading on Friday, hitting $6.42. 790,700 shares of the company’s stock were exchanged, compared to its average volume of 880,600. New York Mortgage Trust has a one year low of $5.90 and a one year high of $7.04. The company has a market cap of $716.98, a P/E ratio of 11.87 and a beta of 1.37. The company has a debt-to-equity ratio of 13.26, a current ratio of 71.04 and a quick ratio of 71.04.
A number of research firms have commented on NYMT. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Keefe, Bruyette & Woods set a $6.00 price target on shares of New York Mortgage Trust and gave the stock a “hold” rating in a research report on Monday, August 14th. Barclays boosted their price target on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 10th. B. Riley restated a “neutral” rating and set a $6.25 price target on shares of New York Mortgage Trust in a research report on Tuesday, November 7th. Finally, Maxim Group reiterated a “buy” rating and issued a $6.50 target price on shares of New York Mortgage Trust in a report on Monday, November 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $6.35.
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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