New York Mortgage Trust, Inc. (NASDAQ:NYMT) to Issue Quarterly Dividend of $0.10

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.

New York Mortgage Trust (NASDAQ:NYMT) last issued its earnings results on Thursday, August 5th. The real estate investment trust reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. New York Mortgage Trust had a return on equity of 10.13% and a net margin of 148.35%. As a group, sell-side analysts forecast that New York Mortgage Trust will post 0.46 earnings per share for the current fiscal year.

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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Dividend History for New York Mortgage Trust (NASDAQ:NYMT)

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