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 1 sell rating, 2 hold ratings and 2 buy ratings 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.
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5 analysts have issued 1-year target prices for New York Mortgage Trust's stock. Their NYMT share price forecasts range from $3.00 to $5.00. On average, they anticipate the company's share price to reach $3.71 in the next twelve months. This suggests a possible upside of 22.4% from the stock's current price.
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New York Mortgage Trust's stock was trading at $3.72 at the start of the year. Since then, NYMT shares have decreased by 18.5% and is now trading at $3.03.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 1st 2022.
View our NYMT earnings forecast.

New York Mortgage Trust, Inc. (NASDAQ:NYMT) issued its earnings results on Tuesday, May, 3rd. The real estate investment trust reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.08 by $0.30. New York Mortgage Trust had a negative net margin of 25.09% and a positive trailing twelve-month return on equity of 3.54%. During the same period last year, the firm posted $0.11 earnings per share.

New York Mortgage Trust announced a quarterly dividend on Friday, June 17th. Investors of record on Monday, June 27th will be given a dividend of $0.10 per share on Monday, July 25th. This represents a $0.40 annualized dividend and a yield of 13.20%. The ex-dividend date of this dividend is Friday, June 24th.
Read our dividend analysis for NYMT.

New York Mortgage Trust (NASDAQ:NYMT) pays an annual dividend of $0.40 per share and currently has a dividend yield of 12.94%. 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.

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 variety of institutional and retail investors. Top institutional investors include State Street Corp (3.86%), Allspring Global Investments Holdings LLC (3.70%), Northern Trust Corp (1.12%), Clear Harbor Asset Management LLC (0.82%), EMG Holdings L.P. (0.62%) and Principal Financial Group Inc. (0.62%). Insiders that own company stock include Jason T Serrano, Kristine Rimando Nario-Eng, Nathan R Reese and Steven R Mumma.
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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 $3.03.

New York Mortgage Trust (NASDAQ:NYMT) has a market capitalization of $1.16 billion and generates $206.87 million in revenue each year. The real estate investment trust earns $193.20 million in net income (profit) each year or ($0.28) 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.