New York Mortgage Trust (NYMT) Set to Announce Earnings on Wednesday

New York Mortgage Trust (NASDAQ:NYMT) is scheduled to announce its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

New York Mortgage Trust Stock Performance

NASDAQ NYMT opened at $5.31 on Wednesday. The firm has a market cap of $484.42 million, a price-to-earnings ratio of -2.87 and a beta of 1.94. The company has a current ratio of 6.46, a quick ratio of 6.46 and a debt-to-equity ratio of 6.30. New York Mortgage Trust has a 1-year low of $5.28 and a 1-year high of $9.67. The company has a 50 day moving average of $6.27 and a 200-day moving average of $6.32.

New York Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Monday, September 30th will be given a $0.20 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.80 annualized dividend and a yield of 15.07%. New York Mortgage Trust’s payout ratio is -43.24%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on NYMT. Janney Montgomery Scott initiated coverage on New York Mortgage Trust in a report on Tuesday, August 13th. They issued a “neutral” rating and a $7.00 price target for the company. StockNews.com upgraded shares of New York Mortgage Trust from a “sell” rating to a “hold” rating in a research report on Saturday, September 28th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $7.75.

About New York Mortgage Trust

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.