New York Mortgage Trust Inc (NASDAQ:NYMT) declared a quarterly dividend on Tuesday, March 20th, Wall Street Journal reports. Shareholders of record on Thursday, March 29th will be paid a dividend of 0.20 per share by the real estate investment trust on Thursday, April 26th. This represents a $0.80 dividend on an annualized basis and a yield of 13.47%. The ex-dividend date is Wednesday, March 28th.
NYMT stock opened at $5.94 on Wednesday. The company has a quick ratio of 74.42, a current ratio of 74.42 and a debt-to-equity ratio of 15.94. New York Mortgage Trust has a one year low of $5.35 and a one year high of $6.69. The firm has a market cap of $668.21, a P/E ratio of 9.03 and a beta of 1.17.
New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.06. New York Mortgage Trust had a net margin of 22.10% and a return on equity of 13.38%. The company had revenue of $15.04 million for the quarter, compared to the consensus estimate of $19.97 million. During the same period last year, the company earned $0.09 earnings per share. The firm’s revenue was up 1.6% compared to the same quarter last year. equities research analysts expect that New York Mortgage Trust will post 0.53 EPS for the current year.
A number of analysts have recently issued reports on the stock. Maxim Group reiterated a “buy” rating and issued a $6.25 price objective (down from $6.50) on shares of New York Mortgage Trust in a report on Wednesday, February 21st. BidaskClub upgraded shares of New York Mortgage Trust from a “strong sell” rating to a “sell” rating in a report on Tuesday, March 6th. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. Finally, B. Riley set a $6.00 price objective on shares of New York Mortgage Trust and gave the company a “hold” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $6.25.
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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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