New York Mortgage Trust, Inc. (NASDAQ:NYMT) Announces Quarterly Dividend of $0.20

New York Mortgage Trust, Inc. (NASDAQ:NYMT - Get Free Report) announced a quarterly dividend on Thursday, June 12th, RTT News reports. Investors of record on Monday, June 23rd will be given a dividend of 0.20 per share by the real estate investment trust on Wednesday, July 30th. This represents a $0.80 annualized dividend and a dividend yield of 11.68%. The ex-dividend date of this dividend is Monday, June 23rd.

New York Mortgage Trust has a dividend payout ratio of 96.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company's earnings fall. Research analysts expect New York Mortgage Trust to earn $0.65 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 123.1%.

New York Mortgage Trust Stock Down 1.6%

New York Mortgage Trust stock traded down $0.11 during midday trading on Friday, hitting $6.85. 629,716 shares of the company's stock were exchanged, compared to its average volume of 696,537. The company has a debt-to-equity ratio of 8.33, a quick ratio of 8.25 and a current ratio of 11.17. The company has a market cap of $618.54 million, a PE ratio of -6.01 and a beta of 1.28. The firm has a 50-day moving average of $6.28 and a two-hundred day moving average of $6.28. New York Mortgage Trust has a 12 month low of $5.02 and a 12 month high of $7.27.

New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The real estate investment trust reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.10. New York Mortgage Trust had a negative net margin of 15.46% and a negative return on equity of 1.39%. The firm had revenue of $33.10 million during the quarter, compared to analysts' expectations of $27.84 million. As a group, analysts expect that New York Mortgage Trust will post 0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in New York Mortgage Trust stock. Strs Ohio purchased a new position in New York Mortgage Trust, Inc. (NASDAQ:NYMT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 16,300 shares of the real estate investment trust's stock, valued at approximately $106,000. Institutional investors own 54.89% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on NYMT shares. Wall Street Zen upgraded New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Thursday, May 1st. B. Riley upped their price objective on New York Mortgage Trust from $8.00 to $9.00 and gave the stock a "buy" rating in a research note on Friday, May 2nd. Finally, Jones Trading reaffirmed a "buy" rating and set a $7.50 price objective on shares of New York Mortgage Trust in a research report on Friday, May 2nd.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.