Profile
Sector:
Real EstateIndustry:
MortgageCountry:
United StatesIPO:
26 July 2004Website:
http://www.nymtrust.comNext earnings report:
02 August 2024Last dividends:
28 June 2024Next dividends:
N/APrice
after hours | Fri, 05 Jul 2024 23:38:23 GMTAnalysts recommendations
Institutional Ownership
NYMT Latest News
NEW YORK, June 25, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today the pricing of an underwritten public offering of $60 million aggregate principal amount of its 9.125% senior notes due 2029 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $9 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on June 28, 2024, subject to the satisfaction of customary closing conditions.
NEW YORK, June 18, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending June 30, 2024. The dividend will be payable on July 29, 2024 to common stockholders of record as of the close of business on June 28, 2024.
New York Mortgage Trust, Inc. (NYMT) Q4 2023 Earnings Call Transcript
New York Mortgage Trust (NYMT) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of $0.04. This compares to loss of $0.16 per share a year ago.
New York Mortgage Trust (NYMT) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to loss of $0.24 per share a year ago.
In a previous article in this series, we discussed a rotation within the mortgage REIT CIM preferreds suite. In this Part 2, we discuss another mortgage REIT preferred rotation - this time in the NYMT suite. As before, the goal of the reshuffling was to take advantage of relative value, marginally derisk portfolio exposure, and lower the fix-for-life risk seen in other preferreds.
New York Mortgage Trust has a history of underperforming and losing money for investors, with its stock price down -97% since its IPO. Mortgage REITs like NYMT use a lot of leverage, making their losses much larger during black swan events. NYMT has cut its dividends multiple times, leading to a significant decrease in income for investors, especially retirees.
New York Mortgage Trust (NYMT) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of $0.11. This compares to loss of $0.32 per share a year ago.
NEW YORK, July 07, 2023 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) is scheduled to report financial results for the three and six months ended June 30, 2023 after the close of market on August 2, 2023. New York Mortgage Trust's executive management will host a conference call and audio webcast at 9:00 a.m., Eastern Time, on Thursday, August 3, 2023. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details.
Amid the decelerating macro-economic fundamentals, New York Mortgage Trust (NYMT) slashes its dividend by 25% to likely focus on capital preservation.
What type of business is New York Mortgage Trust?
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2003 and is headquartered in New York, New York.
What sector is New York Mortgage Trust in?
New York Mortgage Trust is in the Real Estate sector
What industry is New York Mortgage Trust in?
New York Mortgage Trust is in the Mortgage industry
What country is New York Mortgage Trust from?
New York Mortgage Trust is headquartered in United States
When did New York Mortgage Trust go public?
New York Mortgage Trust initial public offering (IPO) was on 26 July 2004
What is New York Mortgage Trust website?
https://www.nymtrust.com
Is New York Mortgage Trust in the S&P 500?
No, New York Mortgage Trust is not included in the S&P 500 index
Is New York Mortgage Trust in the NASDAQ 100?
No, New York Mortgage Trust is not included in the NASDAQ 100 index
Is New York Mortgage Trust in the Dow Jones?
No, New York Mortgage Trust is not included in the Dow Jones index
When does New York Mortgage Trust report earnings?
The next expected earnings date for New York Mortgage Trust is 02 August 2024