About New York Mortgage Trust (NASDAQ:NYMT)
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 Ratio15.94%
Current Ratio74.42%
Quick Ratio74.42%
Price-To-Earnings
Trailing P/E Ratio9.14
Forward P/E Ratio11.40
P/E GrowthN/A
Sales & Book Value
Annual Sales$441.10 million
Price / Sales1.54
Cash Flow$0.8251 per share
Price / Cash7.32
Book Value$6.14 per share
Price / Book0.98
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$91.98 million
Net Margins22.10%
Return on Equity13.38%
Return on Assets0.85%
Miscellaneous
Employees19
Outstanding Shares112,120,000
New York Mortgage Trust (NASDAQ:NYMT) Frequently Asked Questions
What is New York Mortgage Trust's stock symbol?
New York Mortgage Trust trades on the NASDAQ under the ticker symbol "NYMT."
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 Tuesday, March 20th. Shareholders of record on Thursday, March 29th will be paid a dividend of $0.20 per share on Thursday, April 26th. This represents a $0.80 dividend on an annualized basis and a yield of 13.25%. The ex-dividend date is Wednesday, March 28th. View New York Mortgage Trust's Dividend History.
How were New York Mortgage Trust's earnings last quarter?
New York Mortgage Trust (NASDAQ:NYMT) posted its quarterly earnings data on Tuesday, February, 20th. The real estate investment trust reported $0.21 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.15 by $0.06. The real estate investment trust earned $15.04 million during the quarter, compared to the consensus estimate of $19.97 million. New York Mortgage Trust had a net margin of 22.10% and a return on equity of 13.38%. The business's revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.09 earnings per share. View New York Mortgage Trust's Earnings History.
When is New York Mortgage Trust's next earnings date?
What price target have analysts set for NYMT?
4 equities research analysts have issued twelve-month price targets for New York Mortgage Trust's stock. Their forecasts range from $6.00 to $6.25. On average, they expect New York Mortgage Trust's share price to reach $6.0625 in the next year. View Analyst Ratings for New York Mortgage Trust.
What are Wall Street analysts saying about New York Mortgage Trust stock?
Here are some recent quotes from research analysts about New York Mortgage Trust 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. " (1/9/2018)
- 2. Maxim Group analysts commented, "NYMT reported 3Q17 comprehensive income of $0.23, versus its dividend of $0.20 per share, so book value was up 0.5%, to $6.05." (11/6/2017)
Are investors shorting New York Mortgage Trust?
New York Mortgage Trust saw a increase in short interest in March. As of March 15th, there was short interest totalling 19,246,750 shares, an increase of 46.3% from the February 28th total of 13,158,256 shares. Based on an average daily volume of 4,046,467 shares, the days-to-cover ratio is presently 4.8 days. Currently, 17.4% of the shares of the stock are sold short.
Who are some of New York Mortgage Trust's key competitors?
Some companies that are related to New York Mortgage Trust include National Storage (NSA), Kite Realty Group Trust (KRG), Washington Prime Group (WPG), Global Net Lease (GNL), Monmouth R.E. Inv. (MNR), TPG RE Finance Trust (TRTX), Redwood Trust (RWT), Saul Centers (BFS), Pennymac Mortgage Investment (PMT), KKR Real Estate Finance Trust (KREF), Hannon Armstrong (HASI), CareTrust REIT (CTRE), CYS Investments (CYS), ARMOUR Residential REIT (ARR), Ramco-Gershenson Properties Trust (RPT), TIER REIT (TIER), Easterly Government Properties (DEA) and Chatham Lodging (CLDT).
Who are New York Mortgage Trust's key executives?
New York Mortgage Trust's management team includes the folowing people:
- Mr. Steven R. Mumma CPA, Chairman, CEO, Acting Principal Financial officer & Principal Accounting Officer (Age 59)
- Mr. Nathan R. Reese, MD & Sec. (Age 39)
- Ms. Kristine R. Nario, Chief Financial Officer (Leave of Absence) (Age 38)
- Emily Stiller, Controller
- Mr. Stephen L. Hogue, MD & Head of Multifamily Asset Management
Has New York Mortgage Trust been receiving favorable news coverage?
News headlines about NYMT stock have trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. New York Mortgage Trust earned a news impact score of 0.22 on Accern's scale. They also assigned media headlines about the real estate investment trust an impact score of 45.01 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.
How do I buy shares of New York Mortgage Trust?
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 New York Mortgage Trust's stock price today?
One share of NYMT stock can currently be purchased for approximately $6.04.
How big of a company is New York Mortgage Trust?
New York Mortgage Trust has a market capitalization of $676.06 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. New York Mortgage Trust employs 19 workers across the globe.
How can I contact New York Mortgage Trust?
New York Mortgage Trust'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 New York Mortgage Trust (NYMT)
MarketBeat's community ratings are surveys of what our community members think about New York Mortgage Trust 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.
New York Mortgage Trust (NASDAQ:NYMT) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
4 Wall Street analysts have issued ratings and price targets for New York Mortgage Trust in the last 12 months. Their average twelve-month price target is $6.0625, suggesting that the stock has a possible upside of 0.37%. The high price target for NYMT is $6.25 and the low price target for NYMT is $6.00. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.25 | 2.20 | 2.20 | 2.20 |
| Ratings Breakdown: | 0 Sell Rating(s)
3 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $6.0625 | $6.0625 | $6.1875 | $6.3333 |
| Price Target Upside: | 0.37% upside | 7.11% upside | 1.16% downside | 1.99% upside |
New York Mortgage Trust (NASDAQ:NYMT) Consensus Price Target History
New York Mortgage Trust (NASDAQ:NYMT) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
New York Mortgage Trust (NASDAQ:NYMT) Dividend Information
New York Mortgage Trust pays an annual dividend of $0.80 per share, with a dividend yield of 13.25%. NYMT's next quarterly dividend payment will be made on Thursday, April 26. New York Mortgage Trust pays out 121.21% of its earnings out as a dividend.
| Next Dividend: | 4/26/2018 |
| Annual Dividend: | $0.80 |
| Dividend Yield: | 13.25% |
| Payout Ratio: | 121.21% (Trailing 12 Months of Earnings)
150.94% (Based on This Year's Estimates)
150.94% (Based on Next Year's Estimates)
|
New York Mortgage Trust (NASDAQ:NYMT) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 3/20/2018 | quarterly | $0.20 | 13.47% | 3/28/2018 | 3/29/2018 | 4/26/2018 |
| 12/8/2017 | quarterly | $0.20 | 12.5% | 12/15/2017 | 12/18/2017 | 1/25/2018 |
| 9/14/2017 | quarterly | $0.20 | 12.54% | 9/22/2017 | 9/25/2017 | 10/25/2017 |
| 6/15/2017 | quarterly | $0.20 | 12.27% | 6/22/2017 | 6/26/2017 | 7/25/2017 |
| 3/16/2017 | Quarterly | $0.20 | 12.56% | 3/23/2017 | 3/27/2017 | 4/25/2017 |
| 12/15/2016 | quarterly | $0.24 | 14.2% | 12/22/2016 | 12/27/2016 | 1/26/2017 |
| 9/16/2016 | quarterly | $0.24 | 16.22% | 9/22/2016 | 9/26/2016 | 10/28/2016 |
| 6/16/2016 | quarterly | $0.24 | 14.68% | 6/23/2016 | 6/27/2016 | 7/25/2016 |
| 3/18/2016 | quarterly | $0.24 | 19.09% | 3/23/2016 | 3/28/2016 | 4/25/2016 |
| 12/16/2015 | quarterly | $0.24 | 17.49% | 12/23/2015 | 12/28/2015 | 1/25/2016 |
| 9/18/2015 | quarterly | $0.24 | 14.68% | 9/24/2015 | 9/28/2015 | 10/26/2015 |
| 6/18/2015 | quarterly | $0.27 | 13.43% | 6/25/2015 | 6/29/2015 | 7/27/2015 |
| 3/19/2015 | quarterly | $0.27 | 13.48% | 3/26/2015 | 3/30/2015 | 4/27/2015 |
| 12/12/2014 | quarterly | $0.27 | 13.72% | 12/18/2014 | 12/22/2014 | 1/26/2015 |
| 9/18/2014 | quarterly | $0.27 | 13.74% | 9/25/2014 | 9/29/2014 | 10/27/2014 |
| 6/18/2014 | quarterly | $0.27 | 13.3% | 6/26/2014 | 6/30/2014 | 7/25/2014 |
| 3/13/2014 | quarterly | $0.27 | 13.69% | 3/20/2014 | 3/24/2014 | 4/25/2014 |
| 12/10/2013 | quarterly | $0.27 | 14.84% | 12/18/2013 | 12/20/2013 | 1/27/2014 |
| 9/12/2013 | quarterly | $0.27 | 16.59% | 9/19/2013 | 9/23/2013 | 10/25/2013 |
| 6/18/2013 | quarterly | $0.27 | 15.47% | 6/26/2013 | 6/28/2013 | 7/25/2013 |
| 3/18/2013 | quarterly | $0.27 | 14.71% | 3/26/2013 | 3/28/2013 | 4/25/2013 |
| 12/14/2012 | quarterly | $0.27 | 16.39% | 12/20/2012 | 12/24/2012 | 1/25/2013 |
(Data available from 1/1/2013 forward)
New York Mortgage Trust (NASDAQ NYMT) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.30%
Institutional Ownership Percentage: 38.94%
New York Mortgage Trust (NASDAQ NYMT) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 12/12/2017 | Alan L. Hainey | Director | Sell | 200 | $6.38 | $1,276.00 | |  |
| 6/9/2016 | Kevin M Donlon | President | Buy | 58,004 | $6.30 | $365,425.20 | 519,000 | |
| 5/31/2016 | Kevin M Donlon | President | Buy | 203,396 | $5.92 | $1,204,104.32 | 460,996 | |
| 5/23/2016 | Kevin M Donlon | President | Buy | 1,600 | $5.60 | $8,960.00 | 257,600 | |
| 5/20/2016 | Kevin M Donlon | President | Buy | 50,000 | $5.60 | $280,000.00 | 256,000 | |
| 5/17/2016 | Kevin M Donlon | President | Buy | 200,000 | $5.66 | $1,132,000.00 | 206,000 | |
| 8/10/2015 | Kristine Rimando Nario | CFO | Buy | 2,200 | $6.59 | $14,498.00 | | |
| 8/10/2015 | Steven R Mumma | CEO | Buy | 15,000 | $6.67 | $100,050.00 | | |
| 8/20/2013 | Steven Mumma | CEO | Buy | 25,000 | $5.65 | $141,250.00 | 195,356 | |
| 8/19/2013 | Douglas Neal | Director | Buy | 8,700 | $5.64 | $49,068.00 | 26,640 | |
(Data available from 1/1/2013 forward)
New York Mortgage Trust (NASDAQ NYMT) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | New York Mortgage Trust 2018 First Quarter Conference Call Scheduled for Friday, May 4, 2018
finance.yahoo.com - April 17 at 6:05 PM |
 | New York Mortgage Trust (NYMT) Lifted to "Buy" at BidaskClub
www.americanbankingnews.com - April 16 at 8:17 AM |
| New York Mortgage Trust (NYMT) Downgraded by BidaskClub
www.americanbankingnews.com - April 14 at 5:18 PM |
| New York Mortgage Trust (NYMT) Cut to D+ at TheStreet
www.americanbankingnews.com - April 12 at 9:00 PM |
| New York Mortgage Trust (NYMT) Downgraded to "Sell" at BidaskClub
www.americanbankingnews.com - April 12 at 10:21 AM |
| Consolidated Research: 2018 Summary Expectations for Ternium S.A, CNB Financial, Barrick Gold, New York Mortgage Trust, Ascendis Pharma A/S, and Fiat Chrysler Automobiles N.V — Fundamental Analysis, Key Performance Indications
finance.yahoo.com - April 11 at 8:18 AM |
| New York Mortgage Trust (NYMT) PT Set at $6.00 by Keefe, Bruyette & Woods
www.americanbankingnews.com - April 10 at 5:03 PM |
| New York Mortgage Trust (NYMT) Receives Consensus Recommendation of "Hold" from Brokerages
www.americanbankingnews.com - April 8 at 1:17 AM |
| Barclays Raises New York Mortgage Trust (NYMT) Price Target to $6.00
www.americanbankingnews.com - April 7 at 3:53 PM |
| New York Mortgage Trust (NYMT) Rating Increased to Hold at Zacks Investment Research
www.americanbankingnews.com - April 6 at 6:29 PM |
| ValuEngine Downgrades New York Mortgage Trust (NYMT) to Hold
www.americanbankingnews.com - April 3 at 11:08 AM |
| New York Mortgage Trust (NYMT) Upgraded by TheStreet to "C"
www.americanbankingnews.com - April 1 at 8:06 PM |
| Maxim Group Reiterates Buy Rating for New York Mortgage Trust (NYMT)
www.americanbankingnews.com - April 1 at 8:06 PM |
| New York Mortgage Trust (NYMT) Receives Neutral Rating from B. Riley
www.americanbankingnews.com - April 1 at 3:10 PM |
| New York Mortgage Trust (NYMT) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - April 1 at 12:58 PM |
| New York Mortgage Trust (NYMT) Short Interest Update
www.americanbankingnews.com - March 28 at 1:40 AM |
| New York Mortgage Trust (NYMT) Upgraded by BidaskClub to "Hold"
www.americanbankingnews.com - March 24 at 6:46 PM |
| New York Mortgage Trust (NYMT) Upgraded by BidaskClub to "Sell"
www.americanbankingnews.com - March 24 at 12:28 PM |
| New York Mortgage Trust Inc (NYMT) Declares Quarterly Dividend of $0.20
www.americanbankingnews.com - March 20 at 5:00 PM |
| New York Mortgage Trust Declares First Quarter 2018 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
finance.yahoo.com - March 19 at 5:25 PM |
 | Lisa Pendergast Appointed as Director of New York Mortgage Trust, Inc. - GlobeNewswire (press release)
globenewswire.com - March 16 at 8:09 AM |
 | Lisa Pendergast Appointed as Director of New York Mortgage Trust, Inc.
www.streetinsider.com - March 15 at 6:23 PM |
| Lisa Pendergast Appointed as Director of New York Mortgage Trust, Inc.
finance.yahoo.com - March 15 at 6:23 PM |
| New York Mortgage Trust Inc (NYMT) Given Average Rating of "Hold" by Brokerages
www.americanbankingnews.com - March 14 at 1:38 AM |
 | Dividends Are Not New York Mortgage Trust's Primary Focus - Seeking Alpha
seekingalpha.com - March 13 at 8:13 AM |
| New York Mortgage Trust (NYMT) & Cherry Hill Mortgage Investment (CHMI) Head-To-Head Comparison
www.americanbankingnews.com - March 7 at 11:18 AM |
 | New York Mortgage Trust (NYMT) in Focus: Stock Moves 6.6% Higher - Nasdaq
www.nasdaq.com - March 7 at 8:09 AM |
| After Hours Most Active for Mar 6, 2018 : ALE, IPGP, NYMT, SNI, AMAT, DISCK, NLY, PM, ORI, BW, GE, BIVV - Nasdaq
www.nasdaq.com - March 7 at 8:09 AM |
| New York Mortgage Trust (NYMT) in Focus: Stock Moves 6.6% Higher
finance.yahoo.com - March 6 at 5:46 PM |
 | IPG Photonics Set to Join S&P 500; ALLETE and LendingTree to Join S&P MidCap 400; New York Mortgage Trust, Global Net Lease and Finisar to Join S&P SmallCap 600
www.prnewswire.com - March 2 at 6:48 PM |
| Q2 2018 Earnings Forecast for New York Mortgage Trust Inc (NYMT) Issued By B. Riley
www.americanbankingnews.com - February 26 at 3:52 AM |
| B. Riley Analysts Give New York Mortgage Trust (NYMT) a $6.00 Price Target
www.americanbankingnews.com - February 25 at 2:06 PM |
| Q1 2019 EPS Estimates for New York Mortgage Trust Inc Raised by B. Riley (NYMT)
www.americanbankingnews.com - February 23 at 2:36 PM |
| Comparing KKR Real Estate Finance Trust (KREF) and New York Mortgage Trust (NYMT)
www.americanbankingnews.com - February 22 at 10:12 AM |
| New York Mortgage Trust's (NYMT) CEO Steve Mumma on Q4 2017 ... - Seeking Alpha
seekingalpha.com - February 22 at 8:12 AM |
| New York Mortgage Trust (NYMT) Price Target Cut to $6.25
www.americanbankingnews.com - February 21 at 4:22 PM |
| New York Mortgage Trust (NYMT) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS
www.americanbankingnews.com - February 21 at 9:52 AM |
| New York Mortgage Trust Reports Fourth Quarter 2017 Results - GlobeNewswire (press release)
globenewswire.com - February 21 at 8:12 AM |
| New York Mortgage Trust beats by $0.06, misses on net interest income
seekingalpha.com - February 20 at 5:53 PM |
| New York Mortgage Trust Reports Fourth Quarter 2017 Results
finance.yahoo.com - February 20 at 5:53 PM |
| New York Mortgage Trust Earnings Preview
finance.yahoo.com - February 20 at 5:53 PM |
| New York Mortgage Trust up 3.25% after earnings beat
seekingalpha.com - February 20 at 5:01 PM |
| New York Mortgage Trust Inc (NYMT) Given Consensus Rating of "Hold" by Brokerages
www.americanbankingnews.com - February 17 at 3:38 AM |
| New York Mortgage Trust 2017 Fourth Quarter Conference Call Scheduled for Wednesday, February 21, 2018
finance.yahoo.com - February 14 at 8:49 AM |
| New York Mortgage Trust (NYMT) to Release Earnings on Monday
www.americanbankingnews.com - February 12 at 3:22 AM |
| Head-To-Head Survey: New Residential Investment (NRZ) versus New York Mortgage Trust (NYMT)
www.americanbankingnews.com - February 10 at 1:14 AM |
| Head-To-Head Analysis: New York Mortgage Trust (NYMT) vs. Chimera Investment (CIM)
www.americanbankingnews.com - February 1 at 7:20 PM |
| New York Mortgage Trust Announces Tax Treatment of 2017 Dividend Distributions
finance.yahoo.com - January 31 at 8:44 AM |
| New York Mortgage Trust Inc (NYMT) Receives Consensus Rating of "Hold" from Analysts
www.americanbankingnews.com - January 23 at 3:46 AM |
| Analyzing Hatteras Financial (HTS) and New York Mortgage Trust (NYMT)
www.americanbankingnews.com - January 18 at 11:30 PM |
New York Mortgage Trust (NASDAQ:NYMT) SEC Filings
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New York Mortgage Trust (NASDAQ:NYMT) Income Statement, Balance Sheet and Cash Flow Statement
New York Mortgage Trust (NASDAQ NYMT) Stock Chart for Thursday, April, 19, 2018
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