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 1-year price objectives for New York Mortgage Trust's shares. Their NYMT share price forecasts range from $10.00 to $20.00. On average, they anticipate the company's share price to reach $13.33 in the next twelve months. This suggests a possible upside of 45.2% from the stock's current price.
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New York Mortgage Trust's stock was trading at $10.24 at the start of the year. Since then, NYMT shares have decreased by 10.4% and is now trading at $9.18.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
View our NYMT earnings forecast.

New York Mortgage Trust, Inc. (NASDAQ:NYMT) posted 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 3.01% and a negative net margin of 115.56%. During the same quarter in the prior year, the company earned $0.44 earnings per share.

New York Mortgage Trust declared a quarterly dividend on Thursday, March 9th. Stockholders 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 17.43%. The ex-dividend date 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 Invesco S&P SmallCap High Dividend Low Volatility ETF (XSHD), VanEck Mortgage REIT Income ETF (MORT), WisdomTree Alternative Income Fund (HYIN), iShares Mortgage Real Estate ETF (REM), Hoya Capital High Dividend Yield ETF (RIET), Global X SuperDividend ETF (SDIV), Invesco S&P SmallCap Financials ETF (PSCF) and Vanguard S&P Small-Cap 600 Value ETF (VIOV).

New York Mortgage Trust (NASDAQ:NYMT) pays an annual dividend of $1.60 per share and currently has a dividend yield of 18.41%. 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.

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 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.

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 a number of retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (3.93%), Geode Capital Management LLC (1.98%), Charles Schwab Investment Management Inc. (1.21%), Clear Harbor Asset Management LLC (0.96%), Morgan Stanley (0.93%) and Mirae Asset Global Investments Co. Ltd. (0.73%).
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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 $9.18.

New York Mortgage Trust (NASDAQ:NYMT) has a market capitalization of $839.14 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 ($3.60) 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.