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New York Mortgage Trust Inc   (NYMT)
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Price: $6.6400 $-0.06 -0.896%
Day's High: $6.73 Week Perf: 1.37 %
Day's Low: $ 6.59 30 Day Perf: 10.12 %
Volume (M): 415 52 Wk High: $ 10.63
Volume (M$): $ 2,758 52 Wk Avg: $7.77
Open: $6.70 52 Wk Low: $5.65



 Market Capitalization (Millions $) 605
 Shares Outstanding (Millions) 91
 Employees 7
 Revenues (TTM) (Millions $) -
 Net Income (TTM) (Millions $) -83
 Cash Flow (TTM) (Millions $) 48
 Capital Exp. (TTM) (Millions $) 38

New York Mortgage Trust Inc

We are a real estate investment trust, or REIT, for federal income tax purposes, in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. Our objective is to deliver long-term stable distributions to our stockholders over changing economic conditions through a combination of net interest margin and net realized capital gains from a diversified investment portfolio. Our portfolio includes credit sensitive assets and investments sourced from distressed markets in recent years that create the potential for capital gains, as well as more traditional types of mortgage-related investments that generate interest income.

Our investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family CMBS, mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments, and Agency RMBS. Subject to maintaining our qualification as a REIT, we also may opportunistically acquire and manage various other types of mortgage-related and financial assets that we believe will compensate us appropriately for the risks associated with them, including, without limitation, non-Agency RMBS (which may include IOs and POs), collateralized mortgage obligations and securities issued by newly originated residential securitizations, including credit sensitive securities from these securitizations.

We seek to achieve a balanced and diverse funding mix to finance our assets and operations. We currently rely primarily on a combination of short-term borrowings, such as repurchase agreements with terms typically of 30 days, longer term repurchase agreement borrowing with terms between one year and 18 months and longer term structured financings, such as securitizations with terms longer than one year.

We internally manage a certain portion of our portfolio, including Agency ARMs, Agency fixed-rate RMBS, non-Agency RMBS, CLOs, residential securitized loans and second mortgage loans. In addition, as part of our investment strategy, we also contract with certain external investment managers to manage specific asset types targeted by us. We are a party to separate investment management agreements with Headlands Asset Management, LLC, or Headlands, RiverBanc, LLC, or RiverBanc, and The Midway Group, L.P., or Midway, with Headlands providing investment management services with respect to our investments in certain distressed residential loans, RiverBanc providing investment management services with respect to our investments in multi-family CMBS and certain commercial real estate-related debt investments, and Midway providing investment management services with respect to our investments in Agency IOs.

We have elected to be taxed as a REIT for federal income tax purposes and have complied, and intend to continue to comply, with the provisions of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), with respect thereto. Accordingly, we do not expect to be subject to federal income tax on our REIT taxable income that we currently distribute to our stockholders if certain asset, income, distribution and ownership tests and recordkeeping requirements are fulfilled. Even if we maintain our qualification as a REIT, we expect to be subject to some federal, state and local taxes on our income generated in our TRSs.


Our strategy is to construct a residential portfolio that includes elements of both interest rate and credit risk. Our investment strategy focuses on the acquisition and management of (i) “credit residential” assets, which we define as residential mortgage loans, including distressed residential loans and second mortgage loans, multi-family investments, including CMBS, mezzanine loans to and preferred equity investments in owners of multi-family properties and equity and debt securities issued by entities that invest in commercial real estate and commercial real estate-related debt investments, (ii) leveraged Agency RMBS, which may include Agency ARMs, Agency fixed-rate and Agency IOs and (iii) the opportunistic acquisition of other types of mortgage-related and financial assets that meet our investment criteria.

Prior to deploying capital to any of our targeted asset classes or determining to dispose of any of our investments, our management team will consider, among other things, the amount and nature of anticipated cash flows from the asset, our ability to finance or borrow against the asset and the terms of such financing, the related capital requirements, the credit risk related to the asset or the underlying collateral and future general market conditions. Consistent with our strategy to produce returns through a combination of net interest margin and net realized capital gains, we will seek, from time to time, to sell certain assets within our portfolio when we believe the combination of realized gains on an asset and reinvestment potential for the related sale proceeds are consistent with our long-term return objectives.

We seek to identify credit sensitive assets, primarily relating to residential housing, including multi-family housing, from which we can extract value through a combination of current yield and/or capital appreciation. Our portfolio of credit residential assets is currently comprised of residential mortgage loans, including distressed residential loans and second mortgage loans, multi-family CMBS, mezzanine loans to and preferred equity investments in owners of multi-family properties and equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments. Our portfolio also includes distressed residential mortgage loans held in securitization trusts and prime ARM loans held in securitization trusts (which we refer to as residential securitized loans).



   Company Address: 90 Park Avenue New York 10016 NY
   Company Phone Number: 792-0107   Stock Exchange / Ticker: NASDAQ NYMT
    Next quarterly dividend pay out on July 29, 2024.


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
GS   -1.48%    
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Stock Market Announcement

New York Mortgage Trust Announces Successful Pricing of $60 Million Senior Notes Offering

Published Tue, Jun 25 2024 9:25 PM UTC



On June 25, 2024, New York Mortgage Trust, Inc. (NYSE: NYMT), a leading mortgage real estate investment trust (mREIT), proudly announced the successful pricing of an underwritten public offering of $60 million aggregate principal amount of its 9.125% senior notes due 2029, known as the Notes. The company has also granted the underwriters a 30-day option to purchase...

Dividend

New York Mortgage Trust Continues to Reward Shareholders with $0.20 Per Share Dividend for Q2 2024

Published Tue, Jun 18 2024 8:50 PM UTC

New York Mortgage Trust Declares Second Quarter 2024 Dividend: What Investors Need to Know
New York Mortgage Trust, Inc. (NYMT) has announced that its Board of Directors has declared a regular quarterly cash dividend of $0.20 per share on its common stock for the quarter ending June 30, 2024. This news comes as the company continues to perform well in the ever-changing m...

New York Mortgage Trust Inc

New York Mortgage Trust Inc Suffers Financial Setback in Q1 2024

New York Mortgage Trust Inc Reports Losses for Q1 2024, Declares Dividend
New York Mortgage Trust Inc (NYMT) has reported a disappointing financial performance for the three months ending on March 31, 2024. The company slipped into a loss of $-0.75 per share, a significant decline from the earnings of $0.11 per share reported in the same period last year. In the previous financial reporting period, NYMT realized earnings of $0.35 per share. This represents a downward trend for the company, which reported net losses of $-35.743 million for Q1 2024, in contrast to net proceeds of $27.706 million in the same period a year before.
The decline in earnings can be attributed to various factors, including market conditions, interest rate changes, and overall economic performance. It is essential for investors and shareholders to understand the reasons behind these losses to make informed decisions about their investments.

Dividend

New York Mortgage Trust Announces Quarterly Dividend Payment

Published Wed, Mar 13 2024 8:16 PM UTC



New York Mortgage Trust, Inc. (NYSE: NYMT), a leading real estate investment trust (REIT), has declared a regular quarterly cash dividend of $0.20 per share on its common stock for the first quarter of 2024. The dividend will be distributed on April 25, 2024, to common stockholders of record as of March 25, 2024. This announcement reflects the company's commitment ...

New York Mortgage Trust Inc

New York Mortgage Trust Inc Achieves Profitability in Fiscal Period Ending December 31, 2023

New York Mortgage Trust, Inc. (NASDAQ: NYMT) recently reported its results for the three and twelve months ending December 31, 2023. The company displayed a significant improvement in its earnings per share (EPS), going from a negative value of $-0.13 in the previous year to $0.35 per share for the fiscal period closing December 31, 2023. This positive turnaround signifies the company's ability to generate income and drive profitability.
Additionally, the company's EPS also turned positive from $-1.04 per share in the previous quarter, further indicating a positive growth trajectory. It is noteworthy that NYMT's EPS for the current fiscal period is in contrast to the negative EPS experienced in the corresponding quarter a year before.






 

New York Mortgage Trust Inc's Segments
 
 
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  Company Estimates  
  Revenue Outlook
New York Mortgage Trust Inc does not provide revenue guidance.

Earnings Outlook
New York Mortgage Trust Inc does not provide earnings estimates.

 
Geographic Revenue Dispersion




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