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. Geographically operates in USA states California, New York, Florida, New Jersey, Illinois, maximum from California.
Employees: 70
0
Funds holding %
of 7,372 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
2,908% more call options, than puts
Call options by funds: $1.2M | Put options by funds: $40K
57% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 21
6% more funds holding
Funds holding: 157 [Q3] → 166 (+9) [Q4]
0.64% more ownership
Funds ownership: 56.2% [Q3] → 56.83% (+0.64%) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
3% less capital invested
Capital invested by funds: $321M [Q3] → $313M (-$8.5M) [Q4]
15% less repeat investments, than reductions
Existing positions increased: 47 | Existing positions reduced: 55
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$7.50
14%
upside
Avg. target
$7.75
18%
upside
High target
$8
22%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
Jones Trading Jason Weaver 60% 1-year accuracy 33 / 55 met price target | 14%upside $7.50 | Buy Maintained | 24 Feb 2025 |
B. Riley Securities Matt Howlett 40% 1-year accuracy 6 / 15 met price target | 22%upside $8 | Buy Maintained | 7 Jan 2025 |
Financial journalist opinion
Based on 4 articles about NYMT published over the past 30 days
Positive
Seeking Alpha
6 days ago
New York Mortgage Trust: Q4 Update And Evaluating Its 9-11% Yielding Senior Securities
New York Mortgage Trust, Inc.'s Q4 results showed a 5.6% book value loss due, in part, to rising Agency yields, partially offset by swap hedges. NYMT's liability profile is favorable, with low recourse/mark-to-market leverage and a significant portion of financing through non-recourse securitizations. We find NYMT's senior securities, particularly NYMTM and NYMTI, attractive due to their high yields and the company's high Agency allocation and liquidity.
Neutral
Seeking Alpha
3 weeks ago
New York Mortgage Trust, Inc. (NYMT) Q4 2024 Earnings Call Transcript
New York Mortgage Trust, Inc. (NASDAQ:NYMT ) Q4 2024 Earnings Conference Call February 20, 2025 9:00 AM ET Company Participants Kristi Mussallem - Investor Relations Jason Serrano - Chief Executive Officer Nick Mah - President Kristine Nario - Chief Financial Officer Conference Call Participants Bose George - KBW Doug Harter - UBS Matthew Erdner - JonesTrading Jake Katsikas - BTIG Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the New York Mortgage Trust Fourth Quarter 2024 Results Conference Call.
Negative
Zacks Investment Research
3 weeks ago
New York Mortgage Trust (NYMT) Reports Q4 Loss, Tops Revenue Estimates
New York Mortgage Trust (NYMT) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of $0.08. This compares to loss of $0.24 per share a year ago.
Neutral
GlobeNewsWire
3 weeks ago
New York Mortgage Trust Reports Fourth Quarter and Full Year 2024 Results
NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three months and year ended December 31, 2024, respectively.
Neutral
GlobeNewsWire
1 month ago
New York Mortgage Trust Announces Tax Treatment of 2024 Dividend Distributions
NEW YORK, Jan. 30, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT” or the “Company”) today announced the following tax treatment of common and preferred stock dividends declared in 2024. This information is provided to assist stockholders with tax reporting requirements related to dividend distributions of taxable income by the Company.
Positive
Seeking Alpha
1 month ago
NYMTG: A 9.125% Senior Note IPO From New York Mortgage Trust
New York Mortgage Trust's new 9.125% Senior Notes are high-risk, high-return investments with a maturity date of 04/01/2030 and callable from 04/01/2027. NYMTG's debt-heavy capital structure and significant interest expenses compared to equity dividends present limited buffers for principal and interest payments. NYMT's common stock has a high dividend yield of 13.22%, but recent dividend cuts and high interest expenses raise concerns about financial stability.
Neutral
GlobeNewsWire
1 month ago
New York Mortgage Trust 2024 Fourth Quarter Conference Call Scheduled for Thursday, February 20, 2025
NEW YORK, Jan. 28, 2025 (GLOBE NEWSWIRE) -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) is scheduled to report financial results for the three and twelve months ended December 31, 2024 after the close of market on February 19, 2025. New York Mortgage Trust's executive management will host a conference call and audio webcast at 9:00 a.m., Eastern Time, on Thursday, February 20, 2025. To access the conference call, please pre-register using this link. Registrants will receive confirmation with dial-in details.
Positive
Seeking Alpha
1 month ago
Preferreds Weekly Review: Floater Yield Confusion And Redemption Likelihood
We take a look at the action in preferreds and baby bonds through the third week of January and highlight some of the key themes we are watching. Preferred stocks started the year strong with a 1% return, despite Treasury market volatility, with all sectors except BDCs showing gains. NYMT Series E preferred reset its coupon to SOFR + 6.691%, raising the yield to over 11%, highlighting the importance of tracking floating-rate resets.
Negative
Seeking Alpha
1 month ago
Past Time To Take Gains On These Big Yielders
These shares don't give investors a big enough yield or enough upside. The performance throughout the sector has been great, but occasionally, it's better to just pocket the gains.
Neutral
Seeking Alpha
1 month 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.
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