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

5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for New York Mortgage Trust in the last twelve months. There are currently 4 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.

5 analysts have issued twelve-month price objectives for New York Mortgage Trust's shares. Their NYMT share price forecasts range from $10.00 to $20.00. On average, they predict the company's share price to reach $13.29 in the next year. This suggests a possible upside of 38.2% from the stock's current price.
View analysts price targets for NYMT or view top-rated stocks among Wall Street analysts.

New York Mortgage Trust's stock was trading at $10.24 at the beginning of the year. Since then, NYMT stock has decreased by 6.2% and is now trading at $9.61.
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New York Mortgage Trust saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 2,650,000 shares, a drop of 18.5% from the April 30th total of 3,250,000 shares. Based on an average trading volume of 733,300 shares, the days-to-cover ratio is currently 3.6 days. Approximately 3.0% of the company's stock are sold short.
View New York Mortgage Trust's Short Interest.

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

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

New York Mortgage Trust announced a quarterly dividend on Thursday, March 9th. Shareholders 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 yield of 16.65%. The ex-dividend date of this dividend is Friday, March 17th.
Read our dividend analysis for NYMT.

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

New York Mortgage Trust (NASDAQ:NYMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 16.65%. 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.

Shares of New York Mortgage Trust reverse split before market open 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 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.

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.

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).

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

New York Mortgage Trust's stock is owned by many different institutional and retail 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.

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.
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One share of NYMT stock can currently be purchased for approximately $9.61.

New York Mortgage Trust (NASDAQ:NYMT) has a market capitalization of $876.24 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.

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.