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
Stock Exchange NASDAQ
Industry Real estate investment trusts
Sub-IndustryMortgage REITs
SectorFinance
Current SymbolNASDAQ:NYMT
Previous Symbol
CUSIP64960450
Phone212-792-0107
Debt
Debt-to-Equity Ratio13.55
Current Ratio88.96
Quick Ratio88.95
Price-To-Earnings
Trailing P/E Ratio9.08
Forward P/E Ratio7.58
P/E GrowthN/A
Sales & Book Value
Annual Sales$441.10 million
Price / Sales1.92
Cash Flow$0.8150 per share
Price / Cash Flow7.35
Book Value$6.14 per share
Price / Book0.98
Profitability
EPS (Most Recent Fiscal Year)$0.66
Net Income$91.98 million
Net Margins25.07%
Return on Equity17.13%
Return on Assets1.04%
Miscellaneous
Employees19
Outstanding Shares141,210,000
Market Cap$855.76 million
OptionableOptionable
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 declared a quarterly dividend on Tuesday, December 4th. Stockholders of record on Friday, December 14th will be paid a dividend of $0.20 per share on Friday, January 25th. This represents a $0.80 annualized dividend and a dividend yield of 13.36%. The ex-dividend date of this dividend is Thursday, December 13th. 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) posted its earnings results on Monday, November, 5th. The real estate investment trust reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.15 by $0.05. The real estate investment trust had revenue of $19.60 million for the quarter, compared to analysts' expectations of $17.10 million. NY MTG TR INC/SH had a return on equity of 17.13% and a net margin of 25.07%. 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 brokerages have issued 1 year target prices for NY MTG TR INC/SH's stock. Their predictions range from $6.00 to $6.75. On average, they anticipate NY MTG TR INC/SH's stock price to reach $6.3750 in the next twelve months. This suggests a possible upside of 6.4% from the stock's current price. View Analyst Price Targets for NY MTG TR INC/SH.
What is the consensus analysts' recommendation for NY MTG TR INC/SH?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for NY MTG TR INC/SH in the last year. There are currently 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." 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. " (12/12/2018)
- 2. Maxim Group analysts commented, "NYMT reported 3Q18 comprehensive income of $0.14, versus its dividend of $0.20, partly due to an intra-quarter common equity raise and lower average earning assets. Strong originations drove period-end earning assets up; combined with a solid 4Q18 pipeline and the new equity, this should position NYMT well for 4Q18 and 2019." (11/6/2018)
Has NY MTG TR INC/SH been receiving favorable news coverage?
News coverage about NYMT stock has trended somewhat positive this week, according to InfoTrie. The research group identifies negative and positive news coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. NY MTG TR INC/SH earned a news impact score of 2.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 8.0 out of 10, indicating that recent news coverage is very likely to have an effect on the company's share price in the next few days.
Are investors shorting NY MTG TR INC/SH?
NY MTG TR INC/SH saw a decrease in short interest during the month of November. As of November 15th, there was short interest totalling 15,585,292 shares, a decrease of 13.8% from the October 31st total of 18,079,711 shares. Based on an average trading volume of 3,530,362 shares, the days-to-cover ratio is presently 4.4 days. Approximately 11.3% of the company's shares are sold short. View NY MTG TR INC/SH's Current Options Chain.
Who are some of NY MTG TR INC/SH's key competitors?
Some companies that are related to NY MTG TR INC/SH include National Health Investors (NHI), Sabra Health Care REIT (SBRA), RLJ Lodging Trust (RLJ), Paramount Group (PGRE), Physicians Realty Trust (DOC), MFA FINL INC/SH (MFA), Senior Housing Properties Trust (SNH), Taubman Centers (TCO), Uniti Group (UNIT), Rexford Industrial Realty (REXR), Stag Industrial (STAG), Keppel REIT (KREVF), Colony Capital (CLNY), The GEO Group (GEO) and Retail Properties of America (RPAI).
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, COO & Sec. (Age 39)
- Emily Stiller, Controller
- Mr. Stephen L. Hogue, MD & Head of Multifamily Asset Management
Who are NY MTG TR INC/SH's major shareholders?
NY MTG TR INC/SH's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include LSV Asset Management (2.47%), Bank of New York Mellon Corp (1.13%), Claybrook Capital LLC (0.25%), Rhumbline Advisers (0.23%), TIAA CREF Investment Management LLC (0.19%) and Teachers Advisors LLC (0.15%). View Institutional Ownership Trends for NY MTG TR INC/SH.
Which institutional investors are buying NY MTG TR INC/SH stock?
NYMT stock was purchased by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Sterling Capital Management LLC, Bramshill Investments LLC, Advisors Preferred LLC, Claybrook Capital LLC, Rhumbline Advisers, MetLife Investment Advisors LLC and Russell Investments Group Ltd.. 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 $5.99.
How big of a company is NY MTG TR INC/SH?
NY MTG TR INC/SH has a market capitalization of $855.76 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.
What is NY MTG TR INC/SH's official website?
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 (NASDAQ 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.
