New York Mortgage Trust (NYMT) Scheduled to Post Quarterly Earnings on Wednesday

New York Mortgage Trust (NASDAQ:NYMT) is scheduled to announce its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

New York Mortgage Trust Stock Down 0.9 %

NYMT stock opened at $6.98 on Tuesday. The business’s 50-day moving average price is $7.12 and its 200-day moving average price is $7.87. The stock has a market cap of $636.40 million, a P/E ratio of -7.05 and a beta of 1.92. New York Mortgage Trust has a twelve month low of $6.70 and a twelve month high of $10.63. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 4.21.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Monday, March 25th were given a $0.20 dividend. The ex-dividend date was Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 11.47%. New York Mortgage Trust’s payout ratio is currently -80.81%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. B. Riley restated a “buy” rating and issued a $11.00 price objective (down from $15.00) on shares of New York Mortgage Trust in a research report on Monday, March 25th.

New York Mortgage Trust Company Profile

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.