NYMT
New York Mortgage TrustNYMT
NYMT
About: New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.
Employees: 79
0
Funds holding %
of 6,823 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
898% more call options, than puts
Call options by funds: $469K | Put options by funds: $47K
4% more capital invested
Capital invested by funds: $308M [Q2] → $321M (+$13.7M) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 20
9% less repeat investments, than reductions
Existing positions increased: 49 | Existing positions reduced: 54
1% less funds holding
Funds holding: 159 [Q2] → 157 (-2) [Q3]
1.44% less ownership
Funds ownership: 57.64% [Q2] → 56.2% (-1.44%) [Q3]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7.50
25%
upside
Avg. target
$7.75
29%
upside
High target
$8
33%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
B. Riley Securities Matt Howlett 26% 1-year accuracy 5 / 19 met price target | 33%upside $8 | Buy Maintained | 7 Jan 2025 |
Jones Trading Jason Weaver 54% 1-year accuracy 21 / 39 met price target | 25%upside $7.50 | Buy Upgraded | 14 Nov 2024 |
Financial journalist opinion
Based on 4 articles about NYMT published over the past 30 days
Neutral
Seeking Alpha
2 days ago
Preferreds Weekly Review: Shifting Rate Expectations Scramble Relative Value
We take a look at the action in preferreds and baby bonds through the second week of January and highlight some of the key themes we are watching. All preferreds sectors declined due to rising Treasury yields, but the yield on the sector has become more attractive, rising to around 6.8%. The market's expectation for rate cuts has significantly decreased, impacting the relative value of floating-rate, reset, and fixed-rate preferred securities.
Negative
Seeking Alpha
6 days ago
High Yield REITs Whacked By Higher Rates
Despite a single day of declining rates, the trend higher brought even more damage to mortgage REITs. Some may see book value fall by as much as 10% or more, but the average will probably be around the middle of the single-digit range.
Neutral
GlobeNewsWire
1 week ago
New York Mortgage Trust, Inc. Announces Pricing of Public Offering of Senior Notes
NEW YORK, Jan. 08, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today the pricing of an underwritten public offering of $75 million aggregate principal amount of its 9.125% senior notes due 2030 (the “Notes”). The Company has granted the underwriters a 30-day option to purchase up to an additional $11.25 million aggregate principal amount of the Notes to cover over-allotments. The offering is expected to close on January 14, 2025, subject to the satisfaction of customary closing conditions.
Positive
Zacks Investment Research
2 weeks ago
How Much Upside is Left in New York Mortgage Trust (NYMT)? Wall Street Analysts Think 25.41%
The consensus price target hints at a 25.4% upside potential for New York Mortgage Trust (NYMT). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.
Neutral
GlobeNewsWire
1 month ago
New York Mortgage Trust Declares Fourth Quarter 2024 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
NEW YORK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending December 31, 2024. The dividend will be payable on January 23, 2025 to common stockholders of record as of the close of business on December 20, 2024.
Neutral
Seeking Alpha
2 months ago
New York Mortgage Trust: Updating Our Allocation As The Company Derisks
We take a look at the mortgage REIT NYMT and its preferreds. The company continues to derisk its portfolio, moving away from multifamily properties into Agency MBS. The relative value in the preferreds suite has shifted in favor of NYMTM which is expected to move out to a double-digit yield early next year.
Neutral
Seeking Alpha
2 months ago
New York Mortgage Trust, Inc. (NYMT) Q3 2024 Earnings Call Transcript
New York Mortgage Trust, Inc. (NASDAQ:NYMT ) Q3 2024 Earnings Conference Call October 31, 2024 9:00 AM ET Company Participants Kristi Mussallem - IR Jason Serrano - CEO Kristine Nario - CFO Nick Mah - President Conference Call Participants Bose George - KBW Jason Stewart - Janney Montgomery Scott Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the New York Mortgage Trust Third Quarter 2024 Results Conference Call.
Positive
Zacks Investment Research
2 months ago
New York Mortgage Trust (NYMT) Beats Q3 Earnings Estimates
New York Mortgage Trust (NYMT) came out with quarterly earnings of $0.39 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.12 per share a year ago.
Neutral
GlobeNewsWire
2 months ago
New York Mortgage Trust Reports Third Quarter 2024 Results
NEW YORK, Oct. 30, 2024 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three and nine months ended September 30, 2024.
Neutral
24/7 Wall Street
2 months ago
These 15 Stocks Are Among the Top Dividend Payers in the Wilshire 5000
Created in 1974, the Wilshire 5000 Index was intended to be a market-weighted index of the combined NYSE, NASDAQ, and American Stock Exchange (since merged with NASDAQ in 1998).
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