Welcome to our dedicated page for New York Mortgage Trust news (Ticker: NYMT), a resource for investors and traders seeking the latest updates and insights on New York Mortgage Trust stock.
New York Mortgage Trust, Inc. (NYSE: NYMT) is a prominent real estate investment trust (REIT) dedicated to acquiring, investing in, financing, and managing mortgage-related and residential housing-related assets across the United States. Established in 2003, the company has garnered a reputation for its diversified investment portfolio, which encompasses a variety of structured multi-family property investments, residential mortgage loans, and securities.
NYMT's core investments include:
- Structured Multi-Family Property Investments: This category features multi-family commercial mortgage-backed securities (CMBS), preferred equity, and mezzanine loans to owners of multi-family properties.
- Residential Mortgage Loans: This segment involves distressed residential mortgage loans, non-qualified mortgage (non-QM) loans, second mortgages, residential bridge loans, and other residential mortgage loans.
- Non-Agency RMBS: These are residential mortgage-backed securities that are not guaranteed by government-sponsored enterprises.
- Agency RMBS and CMBS: These mortgage-backed securities are guaranteed by government-sponsored entities, ensuring a relatively stable investment.
- Other Mortgage-Related Assets: NYMT also invests in various other mortgage-related, residential housing-related, and credit-related assets to diversify its portfolio further.
As a REIT, New York Mortgage Trust, Inc. is required to distribute at least 90% of its taxable income to its stockholders, thereby avoiding federal corporate income taxes. The company is committed to providing value to its investors through strategic capital allocation and a focus on high-quality assets.
NYMT's recent achievements and current projects highlight its robust financial health and strategic growth. The company has successfully navigated market fluctuations and continues to expand its portfolio to include high-yield, risk-adjusted assets. With a strong management team and a clear vision, New York Mortgage Trust, Inc. remains a significant player in the U.S. real estate investment landscape.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) will report its financial results for the first quarter of 2023 on May 3, 2023, after the market closes. A conference call and audio webcast is scheduled for May 4, 2023, at 9:00 a.m. Eastern Time, where executive management will discuss the results. Interested participants can pre-register for the call through a provided link. Additionally, a live audio webcast will be available on the Company’s Investor Relations website, with a replay accessible for 12 months after the live event.
As a Maryland corporation, NYMT operates as a real estate investment trust (REIT), focusing primarily on acquiring and managing mortgage-related residential assets.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) announced an increase in its common stock repurchase program to $246 million, following approximately $46 million already repurchased. This upsize aims to enhance shareholder value. Additionally, the Board authorized a preferred stock repurchase program of up to $100 million, allowing flexibility in market acquisitions. The repurchase activities will depend on market conditions and liquidity. NYMT focuses on acquiring and managing mortgage-related assets, emphasizing its strategy to maintain strong investor confidence and optimize capital return.
New York Mortgage Trust (NASDAQ: NYMT) declared a quarterly cash dividend of $0.40 per share, payable on April 26, 2023, to stockholders of record by March 20, 2023. Additionally, dividends were announced for preferred stock classes, including Series D, E, F, and G, with respective payment dates set for April 15, 2023. The cash dividends for the preferred stocks range from $0.4296875 to $0.50 per share. This move reinforces the company's commitment to returning value to shareholders.
New York Mortgage Trust (Nasdaq: NYMT) announced the completion of a one-for-four reverse stock split effective March 9, 2023. This decision affects all issued and authorized shares, reducing outstanding shares while maintaining the ownership percentage for current shareholders. No fractional shares were issued; instead, cash payments will be issued based on the closing price of March 8, 2023. The Common Stock will trade on a reverse split-adjusted basis under the same symbol, NYMT, with a new CUSIP number: 649604840. This strategic move is designed to enhance the stock's trading value and facilitate its growth in the market.
New York Mortgage Trust (NYSE: NYMT) reported a net loss of $48 million for Q4 2022, totaling $340 million for the full year. The company had a net interest income of $22.3 million for the quarter, reflecting a net interest spread of 1.11%. The book value per share remained steady at $3.32. In 2022, NYMT funded approximately $1.7 billion in residential loans. Subsequent to the reporting period, a one-for-four reverse stock split was approved and a share repurchase program extended through March 2024. Management anticipates a pullback in consumer spending, optimizing capitalization and asset management strategies to support future portfolio growth.
New York Mortgage Trust (Nasdaq: NYMT) is set to release its financial results for the year and quarter ending December 31, 2022, on February 22, 2023. An executive conference call will follow on February 23, 2023, at 9:00 a.m. Eastern Time. Interested participants must pre-register to access the call. A live audio webcast will be available via the company’s website.
NYMT operates as a real estate investment trust (REIT) focusing on acquiring and managing mortgage-related assets, including single-family and multi-family residential properties.
On January 30, 2023, New York Mortgage Trust (Nasdaq: NYMT) announced the tax treatment for its 2022 common and preferred stock dividends. Stockholders should verify their brokerage statements against the Company’s disclosures for accurate tax reporting. Notably, no portion of the 2022 dividends is expected to be classified as excess inclusion income, which is important for tax-exempt investors. The total common stock dividend for 2022 is $0.400000 per share, while the preferred stock dividends amount to $2.000000 for Series D, $1.968750 for Series E, $1.718750 for Series F, and $1.560420 for Series G. Payment dates vary across dividends, with the last common stock payment on January 26, 2023.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) has appointed Nicholas Mah as its new President, effective January 1, 2023. Mah, who has been with the Company since July 2018 as Managing Director, specializes in portfolio management and trading of mortgage securities. His previous experience includes roles at Oak Hill Advisors and The Blackstone Group. CEO Jason T. Serrano expressed confidence in Mah's leadership abilities to reinforce the Company's position in the hybrid mortgage REIT sector. The transition aims to enhance the Company’s long-term success.
New York Mortgage Trust (Nasdaq: NYMT) announced a quarterly cash dividend of $0.10 per share for the quarter ending December 31, 2022, payable on January 26, 2023, to shareholders on record as of December 27, 2022. The Board also declared dividends for its Series D, E, F, and G preferred stocks, with payment scheduled for January 15, 2023. Each preferred stock's cash dividend ranges from $0.4296875 to $0.50 per share. The announcement reflects the company's commitment to providing income to shareholders amidst ongoing economic uncertainties.
FAQ
What is the current stock price of New York Mortgage Trust (NYMT)?
What is the market cap of New York Mortgage Trust (NYMT)?
What is New York Mortgage Trust, Inc.?
When was New York Mortgage Trust, Inc. founded?
What types of investments does NYMT focus on?
What are structured multi-family property investments?
What qualifies New York Mortgage Trust, Inc. as a REIT?
What is the significance of Agency RMBS and CMBS in NYMT's portfolio?
How does NYMT manage its investment portfolio?
What is NYMT's approach to distressed residential mortgage loans?
What recent achievements has NYMT accomplished?
How can investors get more information about NYMT?
