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New York Mortgage Trust (NYMT) Stock Forecast, Price & News

$10.05
+0.11 (+1.11%)
(As of 01:44 PM ET)
Compare
Today's Range
$9.83
$10.06
50-Day Range
$9.30
$10.28
52-Week Range
$8.28
$12.96
Volume
347,821 shs
Average Volume
629,371 shs
Market Capitalization
$916.36 million
P/E Ratio
N/A
Dividend Yield
15.92%
Price Target
$13.29

New York Mortgage Trust MarketRank™ Forecast

Analyst Rating
Hold
2.20 Rating Score
Upside/​Downside
32.2% Upside
$13.29 Price Target
Short Interest
Healthy
2.95% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
1.74mentions of New York Mortgage Trust in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
97.14%
From $0.70 to $1.38 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.78 out of 5 stars

Finance Sector

157th out of 862 stocks

Real Estate Investment Trusts Industry

20th out of 190 stocks


NYMT stock logo

About New York Mortgage Trust (NASDAQ:NYMT) Stock

New York Mortgage Trust, Inc. is a real estate investment trust, which engages in the acquisition, investment, finance, and management of mortgage-related single-family and multi-family residential assets. Its investment portfolio includes credit sensitive single-family and multi-family assets. The company was founded on September 26, 2003 and is headquartered in New York, NY.

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NYMT Stock News Headlines

These 10%+ Yields are Mystery Meats – Avoid!
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
8-K: NEW YORK MORTGAGE TRUST INC
See More Headlines

NYMT Price History

NYMT Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 4/26 Dividend
3/17/2023
Dividend Payable
4/26/2023
Today
6/08/2023
Next Earnings (Estimated)
8/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
Mortgage REITs
Sector
Finance
Current Symbol
NASDAQ:NYMT
CUSIP
64960450
Employees
64
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$13.29
High Stock Price Forecast
$20.00
Low Stock Price Forecast
$10.00
Forecasted Upside/Downside
+33.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
5 Analysts

Profitability

Net Income
$-298,610,000.00
Pretax Margin
-92.28%

Debt

Sales & Book Value

Annual Sales
$258.39 million
Cash Flow
$1.15 per share
Book Value
$13.60 per share

Miscellaneous

Free Float
90,177,000
Market Cap
$906.33 million
Optionable
Optionable
Beta
1.81

Key Executives

  • Jason Thomas Serrano
    Chief Executive Officer & Director
  • Nicholas Mah
    President
  • Kristine R. Nario-Eng
    Chief Financial Officer & Secretary
  • Steve Brannan
    MD & Head-Multifamily Credit Acquisitions
  • Mari Nitta
    Investor Relations Contact













NYMT Stock - Frequently Asked Questions

Should I buy or sell New York Mortgage Trust stock right now?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New York Mortgage Trust in the last year. There are currently 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" NYMT shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in NYMT, but not buy additional shares or sell existing shares.
View NYMT analyst ratings
or view top-rated stocks.

What is New York Mortgage Trust's stock price forecast for 2023?

5 analysts have issued 1 year price objectives for New York Mortgage Trust's stock. Their NYMT share price forecasts range from $10.00 to $20.00. On average, they expect the company's stock price to reach $13.29 in the next year. This suggests a possible upside of 33.7% from the stock's current price.
View analysts price targets for NYMT
or view top-rated stocks among Wall Street analysts.

How have NYMT shares performed in 2023?

New York Mortgage Trust's stock was trading at $10.24 at the beginning of the year. Since then, NYMT stock has decreased by 2.9% and is now trading at $9.94.
View the best growth stocks for 2023 here
.

Are investors shorting New York Mortgage Trust?

New York Mortgage Trust saw a decrease in short interest in May. As of May 15th, there was short interest totaling 2,650,000 shares, a decrease of 18.5% from the April 30th total of 3,250,000 shares. Based on an average daily trading volume, of 733,300 shares, the short-interest ratio is presently 3.6 days. Approximately 3.0% of the company's shares are short sold.
View New York Mortgage Trust's Short Interest
.

When is New York Mortgage Trust's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our NYMT earnings forecast
.

How were New York Mortgage Trust's earnings last quarter?

New York Mortgage Trust, Inc. (NASDAQ:NYMT) announced its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.88) earnings per share for the quarter, missing analysts' consensus estimates of $0.32 by $1.20. New York Mortgage Trust had a negative net margin of 79.33% and a negative trailing twelve-month return on equity of 1.19%. During the same quarter last year, the company earned $0.44 earnings per share.

How often does New York Mortgage Trust pay dividends? What is the dividend yield for New York Mortgage Trust?

New York Mortgage Trust announced a quarterly dividend on Thursday, March 9th. Investors of record on Monday, March 20th will be given a dividend of $0.40 per share on Wednesday, April 26th. This represents a $1.60 annualized dividend and a dividend yield of 16.10%. The ex-dividend date of this dividend is Friday, March 17th.
Read our dividend analysis for NYMT
.

Is New York Mortgage Trust a good dividend stock?

New York Mortgage Trust (NASDAQ:NYMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 15.83%. NYMT has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for NYMT.

When did New York Mortgage Trust's stock split?

New York Mortgage Trust's stock reverse split on Thursday, March 9th 2023. The 1-4 reverse split was announced on Thursday, March 9th 2023. The number of shares owned by shareholders was adjusted after the market closes on Thursday, March 9th 2023. An investor that had 100 shares of stock prior to the reverse split would have 25 shares after the split.

What is Steven R. Mumma's approval rating as New York Mortgage Trust's CEO?

3 employees have rated New York Mortgage Trust Chief Executive Officer Steven R. Mumma on Glassdoor.com. Steven R. Mumma has an approval rating of 70% among the company's employees.

What other stocks do shareholders of New York Mortgage Trust own?
What is New York Mortgage Trust's stock symbol?

New York Mortgage Trust trades on the NASDAQ under the ticker symbol "NYMT."

Who are New York Mortgage Trust's major shareholders?

New York Mortgage Trust's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (17.82%), State Street Corp (4.14%), Allspring Global Investments Holdings LLC (4.03%), Geode Capital Management LLC (2.26%), Charles Schwab Investment Management Inc. (1.32%) and EMG Holdings L.P. (1.00%).
View institutional ownership trends
.

How do I buy shares of New York Mortgage Trust?

Shares of NYMT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is New York Mortgage Trust's stock price today?

One share of NYMT stock can currently be purchased for approximately $9.94.

How much money does New York Mortgage Trust make?

New York Mortgage Trust (NASDAQ:NYMT) has a market capitalization of $906.33 million and generates $258.39 million in revenue each year. The real estate investment trust earns $-298,610,000.00 in net income (profit) each year or ($2.61) on an earnings per share basis.

How can I contact New York Mortgage Trust?

New York Mortgage Trust's mailing address is 90 Park Avenue, New York NY, 10016. The official website for the company is www.nymtrust.com. The real estate investment trust can be reached via phone at (212) 792-0107, via email at investorrelations@nymtrust.com, or via fax at 212-634-9428.

This page (NASDAQ:NYMT) was last updated on 6/8/2023 by MarketBeat.com Staff

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