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

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New York Mortgage Trust in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 target for 2024?

4 equities research analysts have issued 1 year price targets for New York Mortgage Trust's shares. Their NYMT share price targets range from $10.00 to $15.00. On average, they anticipate the company's stock price to reach $12.80 in the next year. This suggests a possible upside of 39.7% 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 on January 1st, 2023. Since then, NYMT shares have decreased by 10.5% and is now trading at $9.16. View the best growth stocks for 2023 here .

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

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024. View our NYMT earnings forecast .

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

New York Mortgage Trust, Inc. (NASDAQ:NYMT) issued its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.88) EPS for the quarter, missing the consensus estimate of $0.32 by $1.20. New York Mortgage Trust had a positive trailing twelve-month return on equity of 1.46% and a negative net margin of 52.78%. During the same quarter in the prior year, the firm posted $0.44 EPS.

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

New York Mortgage Trust declared a quarterly dividend on Monday, September 11th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.30 per share on Thursday, October 26th. This represents a $1.20 dividend on an annualized basis and a yield of 13.10%. The ex-dividend date is Wednesday, September 20th. 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 $1.20 per share and currently has a dividend yield of 13.10%. 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 .

What ETFs hold New York Mortgage Trust's stock?

ETFs with the largest weight of New York Mortgage Trust (NASDAQ:NYMT) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD) , WisdomTree Alternative Income Fund (HYIN) , VanEck Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM) . Global X SuperDividend ETF (SDIV) .

When did New York Mortgage Trust's stock split?

New York Mortgage Trust's stock reverse split on the morning of 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 closing bell 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?

Based on aggregate information from My MarketBeat watchlists, some companies that other New York Mortgage Trust investors own include New Residential Investment (NRZ) , Two Harbors Investment (TWO) , Energy Transfer (ET) , CBL & Associates Properties (CBL) , NGL Energy Partners (NGL) , Orchid Island Capital (ORC) , Washington Prime Group (WPG) , Annaly Capital Management (NLY) , Western Asset Mortgage Capital (WMC) and Golar LNG Partners (GMLP) .

Who are New York Mortgage Trust's major shareholders?

New York Mortgage Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (4.05%), Charles Schwab Investment Management Inc. (1.54%), Wolverine Asset Management LLC (1.08%), Mirae Asset Global Investments Co. Ltd. (0.99%), Bank of New York Mellon Corp (0.85%) and Van ECK Associates Corp (0.62%). 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 .

Positive News SentimentPositive News

New York Mortgage Trust Stock Price, News & Analysis (NASDAQ:NYMT)

$9.16

+0.37 (+4.21%)

(As of 12/1/2023 ET)

Compare

Today's Range: $8.77
▼
$9.17
50-Day Range: $7.40
▼
$9.16
52-Week Range: $7.23
▼
$12.96

Volume: 866,365 shs
Average Volume: 530,239 shs
Market Capitalization: $830.63 million

P/E Ratio: N/A
Dividend Yield: 13.10%
Price Target: $12.80

New York Mortgage Trust MarketRank™ Stock Analysis

Analyst Rating: Hold
2.25 Rating Score
Upside/Downside: 39.7% Upside
$12.80 Price Target
Short Interest: Healthy
2.49% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($1.23) to $0.79 Per Share

Overall MarketRank^™

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

2.34 out of 5 stars

Finance Sector

318th out of 862 stocks

Real Estate Investment Trusts Industry

64th out of 180 stocks

3.1

Analyst's Opinion

Consensus Rating
New York Mortgage Trust has received a consensus rating of Hold. The company's average rating score is 2.25, and is based on 1 buy rating, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $12.80, New York Mortgage Trust has a forecasted upside of 39.7% from its current price of $9.16.
Amount of Analyst Coverage
New York Mortgage Trust has received no research coverage in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
2.49% of the float of New York Mortgage Trust has been sold short.
Short Interest Ratio / Days to Cover
New York Mortgage Trust has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in New York Mortgage Trust has recently decreased by 3.46%, indicating that investor sentiment is improving.

1.7

Dividend Strength

Dividend Leadership
New York Mortgage Trust is a leading dividend payer. It pays a dividend yield of 13.10%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
New York Mortgage Trust does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, New York Mortgage Trust will have a dividend payout ratio of 151.90% in the coming year. This indicates that New York Mortgage Trust may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for NYMT.

2.7

News and Social Media Coverage

News Sentiment
New York Mortgage Trust has a news sentiment score of 1.91. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.65 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 1 news article for New York Mortgage Trust this week, compared to 1 article on an average week.
Search Interest
Only 6 people have searched for NYMT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added New York Mortgage Trust to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, New York Mortgage Trust insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.20% of the stock of New York Mortgage Trust is held by insiders.
Percentage Held by Institutions
52.98% of the stock of New York Mortgage Trust is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for New York Mortgage Trust are expected to grow in the coming year, from ($1.23) to $0.79 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of New York Mortgage Trust is -4.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of New York Mortgage Trust is -4.92, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
New York Mortgage Trust has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About New York Mortgage Trust Stock (NASDAQ:NYMT)

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. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2003 and is headquartered in New York, New York.

NYMT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

NYMT Stock News Headlines

November 4, 2023 | markets.businessinsider.com

Maxim Group Sticks to Its Buy Rating for New York Mortgage (NYMT)

November 2, 2023 | seekingalpha.com

New York Mortgage Trust, Inc. 2023 Q3 - Results - Earnings Call Presentation

December 3, 2023 | DTI Trader (Ad)

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October 10, 2023 | seekingalpha.com

New York Mortgage Trust: Why We Rotated Our Allocation In The Preferred Suite, Part 2

September 27, 2023 | msn.com

New York Mortgage Trust 6.875% PFD SER F goes ex-dividend tomorrow

August 14, 2023 | msn.com

B. Riley Securities Maintains New York Mortgage Trust (NYMT) Buy Recommendation

August 5, 2023 | finance.yahoo.com

New York Mortgage Trust, Inc. (NASDAQ:NYMT) Q2 2023 Earnings Call Transcript

August 4, 2023 | markets.businessinsider.com

Maxim Group Reaffirms Their Buy Rating on New York Mortgage (NYMT)

December 3, 2023 | DTI Trader (Ad)

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August 3, 2023 | seekingalpha.com

New York Mortgage Trust, Inc. 2023 Q2 - Results - Earnings Call Presentation

July 13, 2023 | nz.finance.yahoo.com

NYMT - New York Mortgage Trust, Inc.

July 7, 2023 | finance.yahoo.com

New York Mortgage Trust 2023 Second Quarter Conference Call Scheduled for Thursday, August 3, 2023

June 8, 2023 | finance.yahoo.com

New York Mortgage Trust (NYMT) Slips on 25% Dividend Cut

May 10, 2023 | markets.businessinsider.com

Analysts Offer Insights on Financial Companies: New York Mortgage (NYMT), American Homes (AMH) and Affirm Holdings (AFRM)

May 4, 2023 | seekingalpha.com

New York Mortgage Trust, Inc. 2023 Q1 - Results - Earnings Call Presentation

May 4, 2023 | marketwatch.com

8-K: NEW YORK MORTGAGE TRUST INC

May 3, 2023 | msn.com

New York Mortgage Trust Q1 earnings tops estimates, but NII weakens

April 25, 2023 | seekingalpha.com

New York Mortgage Trust: BVPS Drops, But Bad News Getting Baked In (Rating Upgrade)

April 7, 2023 | finance.yahoo.com

New York Mortgage Trust 2023 First Quarter Conference Call Scheduled for Thursday, May 4, 2023

March 22, 2023 | finance.yahoo.com

Is the Options Market Predicting a Spike in New York Mortgage (NYMT) Stock?

March 9, 2023 | finance.yahoo.com

New York Mortgage Trust Declares First Quarter 2023 Common Stock Dividend of $0.40 Per Share, and Preferred Stock Dividends

March 9, 2023 | finance.yahoo.com

New York Mortgage Trust Declares First Quarter 2023 Common Stock Dividend of $0.40 Per Share, and Preferred Stock Dividends

March 9, 2023 | finanznachrichten.de

New York Mortgage Trust, Inc.: New York Mortgage Trust Completes One-for-four Reverse Stock Split

March 9, 2023 | finance.yahoo.com

New York Mortgage Trust Completes One-for-four Reverse Stock Split

March 4, 2023 | benzinga.com

New York Mortgage Trust Stock (NASDAQ:NYMT), Earnings Estimates, EPS, and Revenue

February 22, 2023 | finance.yahoo.com

New York Mortgage Trust (NYMT) Reports Q4 Loss, Tops Revenue Estimates

December 29, 2022 | seekingalpha.com

New York Mortgage Trust: A Weakening Macro Picture Weighs, Shares Trending Down

See More Headlines

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Company Calendar

Last Earnings: 5/03/2022
Ex-Dividend for 10/26 Dividend: 9/20/2023
Dividend Payable: 10/26/2023
Today: 12/03/2023
Fiscal Year End: 12/31/2023
Next Earnings (Estimated): 2/28/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: REIT - Mortgage
Sub-Industry: Mortgage REITs
Sector: Real Estate
Current Symbol: NASDAQ:NYMT
CUSIP: 64960450
CIK: 1273685
Web: www.nymtrust.com
Phone: (212) 792-0107
Fax: 212-634-9428
Employees: 79
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $12.80
High Stock Price Target: $15.00
Low Stock Price Target: $10.00
Potential Upside/Downside: +39.7%
Consensus Rating: Hold
Rating Score (0-4): 2.25
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.86)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-298,610,000.00
Net Margins: -52.78%
Pretax Margin: -63.01%
Return on Equity: 1.46%
Return on Assets: 0.27%

Debt

Debt-to-Equity Ratio: 3.81
Current Ratio: 12.41
Quick Ratio: 12.41

Sales & Book Value

Annual Sales: $215.37 million
Price / Sales: 3.86
Cash Flow: $1.21 per share
Price / Cash Flow: 7.55
Book Value: $11.69 per share
Price / Book: 0.78

Miscellaneous

Outstanding Shares: 90,683,000
Free Float: 89,595,000
Market Cap: $830.66 million
Optionable: Optionable
Beta: 1.85

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Key Executives

Mr. Steven R. Mumma CPA (Age 64)
Executive Chairman
Comp: $1.57M
Mr. Jason T. Serrano (Age 48)
CEO & Director
Comp: $2.37M
Ms. Kristine R. Nario-Eng CPA (Age 43)
Eng., Secretary, CFO & Principal Accounting Officer
Comp: $1.04M
Mr. Nicholas Mah (Age 41)
President
Mr. Stephen L. Hogue (Age 56)
Managing Director
Mr. Steven B. Brannan (Age 43)
Managing Director
Emily Stiller
Controller

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

NYMT Stock Analysis - Frequently Asked Questions

Should I buy or sell New York Mortgage Trust stock right now?: 4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New York Mortgage Trust in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research 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 target for 2024?: 4 equities research analysts have issued 1 year price targets for New York Mortgage Trust's shares. Their NYMT share price targets range from $10.00 to $15.00. On average, they anticipate the company's stock price to reach $12.80 in the next year. This suggests a possible upside of 39.7% 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 on January 1st, 2023. Since then, NYMT shares have decreased by 10.5% and is now trading at $9.16.
View the best growth stocks for 2023 here.
When is New York Mortgage Trust's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our NYMT earnings forecast.
How were New York Mortgage Trust's earnings last quarter?: New York Mortgage Trust, Inc. (NASDAQ:NYMT) issued its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.88) EPS for the quarter, missing the consensus estimate of $0.32 by $1.20. New York Mortgage Trust had a positive trailing twelve-month return on equity of 1.46% and a negative net margin of 52.78%. During the same quarter in the prior year, the firm posted $0.44 EPS.
How often does New York Mortgage Trust pay dividends? What is the dividend yield for New York Mortgage Trust?: New York Mortgage Trust declared a quarterly dividend on Monday, September 11th. Shareholders of record on Thursday, September 21st will be paid a dividend of $0.30 per share on Thursday, October 26th. This represents a $1.20 dividend on an annualized basis and a yield of 13.10%. The ex-dividend date is Wednesday, September 20th.
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 $1.20 per share and currently has a dividend yield of 13.10%. 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.

What ETFs hold New York Mortgage Trust's stock?: ETFs with the largest weight of New York Mortgage Trust (NASDAQ:NYMT) stock in their portfolio include Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), WisdomTree Alternative Income Fund (HYIN), VanEck Mortgage REIT Income ETF (MORT) and iShares Mortgage Real Estate ETF (REM).Global X SuperDividend ETF (SDIV).
When did New York Mortgage Trust's stock split?: New York Mortgage Trust's stock reverse split on the morning of 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 closing bell 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?: Based on aggregate information from My MarketBeat watchlists, some companies that other New York Mortgage Trust investors own include New Residential Investment (NRZ), Two Harbors Investment (TWO), Energy Transfer (ET), CBL & Associates Properties (CBL), NGL Energy Partners (NGL), Orchid Island Capital (ORC), Washington Prime Group (WPG), Annaly Capital Management (NLY), Western Asset Mortgage Capital (WMC) and Golar LNG Partners (GMLP).
Who are New York Mortgage Trust's major shareholders?: New York Mortgage Trust's stock is owned by a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (4.05%), Charles Schwab Investment Management Inc. (1.54%), Wolverine Asset Management LLC (1.08%), Mirae Asset Global Investments Co. Ltd. (0.99%), Bank of New York Mellon Corp (0.85%) and Van ECK Associates Corp (0.62%).
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.

This page (NASDAQ:NYMT) was last updated on 12/3/2023 by MarketBeat.com Staff

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New York Mortgage Trust Stock Price, News & Analysis (NASDAQ:NYMT)

New York Mortgage Trust MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About New York Mortgage Trust Stock (NASDAQ:NYMT)

NYMT Stock Price History

NYMT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Institutional Ownership

NYMT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™