New York Mortgage Trust - NYMT Stock Forecast, Price & News

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for New York Mortgage Trust in the last year. There are currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued 1-year price objectives 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 54.5% 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 $3.72 on January 1st, 2022. Since then, NYMT shares have decreased by 35.5% and is now trading at $2.40.
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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) released its quarterly 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 positive trailing twelve-month return on equity of 3.54% and a negative net margin of 25.09%. During the same quarter in the previous year, the firm posted $0.11 EPS.

New York Mortgage Trust declared a quarterly dividend on Friday, September 16th. Investors of record on Monday, September 26th will be given a dividend of $0.10 per share on Wednesday, October 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 16.67%. The ex-dividend date of this dividend is Friday, September 23rd.
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 15.94%. 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."

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 $2.40.

New York Mortgage Trust (NASDAQ:NYMT) has a market capitalization of $915.00 million 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.