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

New York Mortgage Trust (NASDAQ:NYMT) is scheduled to be announcing 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 interested in registering for the company’s conference call can do so using this link.

New York Mortgage Trust Price Performance

Shares of NASDAQ NYMT opened at $7.20 on Wednesday. New York Mortgage Trust has a 52 week low of $6.70 and a 52 week high of $10.63. The company’s 50-day moving average price is $7.16 and its 200 day moving average price is $7.91. The company has a debt-to-equity ratio of 4.21, a current ratio of 4.29 and a quick ratio of 4.29.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Monday, March 25th will be paid a $0.20 dividend. The ex-dividend date is Friday, March 22nd. This represents a $0.80 dividend on an annualized basis and a yield of 11.11%. New York Mortgage Trust’s payout ratio is -80.81%.

Analyst Ratings Changes

Several research firms have issued reports on NYMT. StockNews.com raised shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. B. Riley reaffirmed a “buy” rating and set a $11.00 price target (down from $15.00) on shares of New York Mortgage Trust in a research note 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.