New York Mortgage Trust, Inc., a real estate investment trust (REIT), acquires, invests in, finances, and manages mortgage-related and residential housing-related, and financial assets in the United States. The company's investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets; non-agency residential mortgage-backed securities; multi-family commercial mortgage-backed securities; and preferred equities. It qualifies as a REIT for federal income tax purposes. The company generally would not be subject to federal income tax on that portion of its income if it distributes at least 90% of its taxable income to its stockholders. New York Mortgage Trust, Inc. was founded in 1989 and is headquartered in New York City, New York.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
SymbolNASDAQ:NYMT
CUSIP64960450
Phone212-792-0107
Debt
Debt-to-Equity Ratio16.19
Current Ratio88.83
Quick Ratio88.83
Price-To-Earnings
Trailing P/E Ratio9.42
Forward P/E Ratio18.85
P/E GrowthN/A
Sales & Book Value
Annual Sales$441.10 million
Price / Sales1.58
Cash Flow$0.8238 per share
Price / Cash7.55
Book Value$6.14 per share
Price / Book1.01
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$91.98 million
Net Margins22.77%
Return on Equity15.07%
Return on Assets0.92%
Miscellaneous
Employees19
Outstanding Shares112,110,000
NY Mtg Tr Inc/SH (NASDAQ:NYMT) Frequently Asked Questions
What is NY Mtg Tr Inc/SH's stock symbol?
NY Mtg Tr Inc/SH trades on the NASDAQ under the ticker symbol "NYMT."
How often does NY Mtg Tr Inc/SH pay dividends? What is the dividend yield for NY Mtg Tr Inc/SH?
NY Mtg Tr Inc/SH announced a quarterly dividend on Monday, June 18th. Shareholders of record on Thursday, June 28th will be given a dividend of $0.20 per share on Thursday, July 26th. This represents a $0.80 dividend on an annualized basis and a yield of 12.86%. The ex-dividend date of this dividend is Wednesday, June 27th. View NY Mtg Tr Inc/SH's Dividend History.
How were NY Mtg Tr Inc/SH's earnings last quarter?
NY Mtg Tr Inc/SH (NASDAQ:NYMT) announced its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.20 EPS for the quarter, topping the consensus estimate of $0.15 by $0.05. The real estate investment trust had revenue of $19.75 million for the quarter. NY Mtg Tr Inc/SH had a return on equity of 15.07% and a net margin of 22.77%. View NY Mtg Tr Inc/SH's Earnings History.
When is NY Mtg Tr Inc/SH's next earnings date?
What price target have analysts set for NYMT?
4 brokers have issued 1-year price objectives for NY Mtg Tr Inc/SH's shares. Their forecasts range from $6.00 to $6.25. On average, they expect NY Mtg Tr Inc/SH's share price to reach $6.0625 in the next twelve months. View Analyst Ratings for NY Mtg Tr Inc/SH.
What are Wall Street analysts saying about NY Mtg Tr Inc/SH stock?
Here are some recent quotes from research analysts about NY Mtg Tr Inc/SH stock:
- 1. According to Zacks Investment Research, "New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMT's wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary. " (6/15/2018)
- 2. Maxim Group analysts commented, "1Q18 comprehensive loss of $(0.01) versus dividend of $0.20, due to losses on non-core Agency RMBS and to lack of asset sales. Management expects two asset sales in 2Q18: one large and one that was originally scheduled for 1Q18. Our price target of $6.25 equates to 1.08x book value. In our view, hybrid mortgage REITs such as NYMT (with a strong track record and a focus on credit strategies) should trade at least at a valuation level of 1.0x book value in the current environment, which we regard as favorable for credit strategies." (5/4/2018)
Who are some of NY Mtg Tr Inc/SH's key competitors?
Some companies that are related to NY Mtg Tr Inc/SH include Outfront Media (OUT), Pebblebrook Hotel Trust (PEB), Corporate Express common stock (CXP), Corecivic (CXW), STAG Indl Inc/SH SH (STAG), Great Portland Estates (GPEAF), Rexford Industrial Realty (REXR), Colony Northstar Credit Real Estate (CLNC), DiamondRock Hospitality (DRH), Washington Real Estate Investment Trust (WRE), Apollo Commercial Real Est. Finance (ARI), Acadia Realty Trust (AKR), MGM Growth Properties (MGP), Tanger Factory Outlet Centers (SKT) and Retail Opportunity Investments (ROIC).
Who are NY Mtg Tr Inc/SH's key executives?
NY Mtg Tr Inc/SH's management team includes the folowing people:
- Mr. Steven R. Mumma CPA, Chairman & CEO (Age 59)
- Ms. Kristine R. Nario, Chief Financial Officer (Age 38)
- Mr. Nathan R. Reese, MD & Sec. (Age 39)
- Emily Stiller, Controller
- Mr. Stephen L. Hogue, MD & Head of Multifamily Asset Management
Has NY Mtg Tr Inc/SH been receiving favorable news coverage?
Headlines about NYMT stock have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. NY Mtg Tr Inc/SH earned a media sentiment score of 0.14 on Accern's scale. They also assigned media stories about the real estate investment trust an impact score of 45.20 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are NY Mtg Tr Inc/SH's major shareholders?
NY Mtg Tr Inc/SH's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (15.29%), LSV Asset Management (3.15%), Global X Management Co. LLC (2.77%), UBS Group AG (2.09%), Northern Trust Corp (1.88%) and JPMorgan Chase & Co. (1.14%). View Institutional Ownership Trends for NY Mtg Tr Inc/SH.
Which institutional investors are selling NY Mtg Tr Inc/SH stock?
NYMT stock was sold by a variety of institutional investors in the last quarter, including UBS Group AG, California Public Employees Retirement System, Allianz Asset Management GmbH, Royal Bank of Canada, MetLife Investment Advisors LLC, Van ECK Associates Corp and Teacher Retirement System of Texas. View Insider Buying and Selling for NY Mtg Tr Inc/SH.
Which institutional investors are buying NY Mtg Tr Inc/SH stock?
NYMT stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., JPMorgan Chase & Co., Principal Financial Group Inc., Systematic Financial Management LP, Global X Management Co. LLC, Legal & General Group Plc, Guggenheim Capital LLC and Prudential Financial Inc.. View Insider Buying and Selling for NY Mtg Tr Inc/SH.
How do I buy shares of NY Mtg Tr Inc/SH?
Shares of NYMT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is NY Mtg Tr Inc/SH's stock price today?
One share of NYMT stock can currently be purchased for approximately $6.22.
How big of a company is NY Mtg Tr Inc/SH?
NY Mtg Tr Inc/SH has a market capitalization of $697.33 million and generates $441.10 million in revenue each year. The real estate investment trust earns $91.98 million in net income (profit) each year or $0.66 on an earnings per share basis. NY Mtg Tr Inc/SH employs 19 workers across the globe.
How can I contact NY Mtg Tr Inc/SH?
NY Mtg Tr Inc/SH's mailing address is 275 MADISON AVENUE, NEW YORK NY, 10016. The real estate investment trust can be reached via phone at 212-792-0107 or via email at [email protected]
MarketBeat Community Rating for NY Mtg Tr Inc/SH (NYMT)
MarketBeat's community ratings are surveys of what our community members think about NY Mtg Tr Inc/SH and other stocks. Vote "Outperform" if you believe NYMT will outperform the S&P 500 over the long term. Vote "Underperform" if you believe NYMT will underperform the S&P 500 over the long term. You may vote once every thirty days.
