New York Mortgage Trust, Inc. (NASDAQ:NYMT) declared a quarterly dividend on Monday, September 13th, Zacks reports. Shareholders of record on Thursday, September 23rd will be paid a dividend of 0.10 per share by the real estate investment trust on Monday, October 25th. This represents a $0.40 annualized dividend and a yield of 9.35%. The ex-dividend date is Wednesday, September 22nd.
New York Mortgage Trust has decreased its dividend payment by 71.9% over the last three years and has raised its dividend every year for the last 1 years.
Shares of NYMT stock opened at $4.28 on Wednesday. New York Mortgage Trust has a fifty-two week low of $2.41 and a fifty-two week high of $4.93. The stock’s 50-day moving average is $4.35 and its two-hundred day moving average is $4.46. The firm has a market cap of $1.62 billion, a P/E ratio of 6.79 and a beta of 1.93.
Several research analysts have weighed in on NYMT shares. Bank of America reaffirmed an “underperform” rating and issued a $4.50 target price on shares of New York Mortgage Trust in a research report on Monday, May 24th. BTIG Research reaffirmed a “hold” rating on shares of New York Mortgage Trust in a research report on Wednesday, June 2nd. Finally, Zacks Investment Research raised New York Mortgage Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.94.
New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc is a real estate investment trust, which engages in the acquisition, investment, finance and management of mortgage-related and residential housing-related assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest margin and capital gains from a diversified investment portfolio.
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