New York Mortgage Trust (NASDAQ:NYMT - Get Free Report) will post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect New York Mortgage Trust to post earnings of $0.06 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.
New York Mortgage Trust Trading Down 1.5 %
Shares of NASDAQ:NYMT traded down $0.08 during trading on Wednesday, reaching $5.23. The company's stock had a trading volume of 553,453 shares, compared to its average volume of 586,214. The company has a current ratio of 6.46, a quick ratio of 6.46 and a debt-to-equity ratio of 6.30. New York Mortgage Trust has a 12 month low of $5.17 and a 12 month high of $9.67. The firm's 50 day simple moving average is $6.26 and its two-hundred day simple moving average is $6.30. The stock has a market capitalization of $477.12 million, a PE ratio of -2.83 and a beta of 1.94.
New York Mortgage Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Monday, September 30th will be issued a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 15.30%. The ex-dividend date of this dividend is Monday, September 30th. New York Mortgage Trust's payout ratio is -43.24%.
Analyst Ratings Changes
A number of brokerages recently commented on NYMT. StockNews.com raised shares of New York Mortgage Trust from a "sell" rating to a "hold" rating in a report on Saturday, September 28th. Janney Montgomery Scott began coverage on shares of New York Mortgage Trust in a report on Tuesday, August 13th. They issued a "neutral" rating and a $7.00 price target for the company. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.75.
Read Our Latest Stock Report on New York Mortgage Trust
New York Mortgage Trust Company Profile
(
Get Free Report)
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, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.
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