NY MTG TR INC/SH (NASDAQ:NYMT) declared a dividend on Friday, June 14th, Fidelity reports. Stockholders of record on Monday, June 24th will be given a dividend of 0.20 per share by the real estate investment trust on Thursday, July 25th. The ex-dividend date is Friday, June 21st.

NY MTG TR INC/SH has decreased its dividend payment by an average of 8.7% per year over the last three years. NY MTG TR INC/SH has a payout ratio of 333.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect NY MTG TR INC/SH to earn $0.69 per share next year, which means the company may not be able to cover its $0.80 annual dividend with an expected future payout ratio of 115.9%.

Shares of NASDAQ NYMT opened at $6.27 on Friday. The company has a debt-to-equity ratio of 14.72, a current ratio of 120.54 and a quick ratio of 120.54. The company has a market cap of $1.32 billion, a P/E ratio of 9.95 and a beta of 0.81. NY MTG TR INC/SH has a 12-month low of $5.58 and a 12-month high of $6.54.

NY MTG TR INC/SH (NASDAQ:NYMT) last announced its earnings results on Monday, May 6th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.05. The company had revenue of $26.20 million during the quarter, compared to analyst estimates of $23.00 million. NY MTG TR INC/SH had a net margin of 21.47% and a return on equity of 13.32%. Equities research analysts anticipate that NY MTG TR INC/SH will post 0.64 EPS for the current year.

Several analysts recently issued reports on NYMT shares. BidaskClub lowered shares of NY MTG TR INC/SH from a “sell” rating to a “strong sell” rating in a research report on Wednesday, March 6th. Nomura started coverage on shares of NY MTG TR INC/SH in a research report on Wednesday, March 27th. They set a “buy” rating and a $6.50 target price for the company. Maxim Group restated a “buy” rating and set a $6.75 target price on shares of NY MTG TR INC/SH in a research report on Tuesday, May 7th. Barclays lowered shares of NY MTG TR INC/SH from an “equal weight” rating to an “underweight” rating and set a $5.00 target price for the company. in a research report on Thursday, February 28th. Finally, Zacks Investment Research lowered shares of NY MTG TR INC/SH from a “buy” rating to a “hold” rating in a research report on Friday, May 31st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. NY MTG TR INC/SH currently has a consensus rating of “Hold” and a consensus target price of $6.25.

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About NY MTG TR INC/SH

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non- qualified mortgage loans, second mortgages, and other residential mortgage loans; non-agency residential mortgage-backed securities (RMBS); agency RMBS; and other mortgage-related and residential housing-related assets.

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Dividend History for NY MTG TR INC/SH (NASDAQ:NYMT)

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