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 (NYSE: NYMT) reported its financial results for Q4 and FY 2020, revealing a net income of $70.1 million in Q4 but a full-year loss of $329.7 million. The Book Value per share remained stable at $4.71, with a 5.02% economic return for Q4, contrasting with a disappointing -14.62% for the year. The firm completed a $299.3 million securitization and expanded its portfolio with $459.5 million in acquisitions. Management highlighted resilience amid COVID-19 market disruptions, noting recovery in asset values and the reinstatement of dividend payments.
New York Mortgage Trust (Nasdaq: NYMT) plans to release its financial results for Q4 and the full year ending December 31, 2020, after market close on February 24, 2021. An earnings call with executive management will take place on February 25, 2021, at 9:00 AM ET. Attendees can listen via a live audio webcast on the company’s website. A recording of the call will be accessible until March 4, 2021. NYMT is a real estate investment trust focused on managing mortgage-related residential assets.
New York Mortgage Trust, Inc. (NASDAQ: NYMT) announced tax treatment for its 2020 common and preferred stock dividends. The distributions include $0.225 per common share, $1.9375 per Series B preferred share, $1.96875 per Series C preferred share, $2.00 per Series D preferred share, and $1.952343 per Series E preferred share. Stockholders are advised to review their tax statements and consult tax professionals regarding these dividend distributions. The record and payment dates for each dividend are provided to assist in tax reporting.
New York Mortgage Trust (Nasdaq: NYMT) announced a regular quarterly cash dividend of $0.10 per share for the quarter ending December 31, 2020, payable on January 25, 2021. Shareholders of record as of December 17, 2020 will receive the dividend. Additionally, dividends for its Series B, C, D, and E Preferred Stocks will be distributed with a record date of January 1, 2021 and payment on January 15, 2021, with cash dividends per share ranging from $0.484375 to $0.50.
New York Mortgage Trust (NYMT) reported a strong third quarter 2020, with net income of $91,344,000, translating to $0.24 per share. Net interest income stood at $25,529,000, and book value increased to $4.58, up 5% from the previous quarter. The comprehensive income per share rose to $0.30. Key developments included a securitization of residential loans generating $241.1 million and reduced mark-to-market financing to $626 million. The company declared a dividend of $0.075 per share, resulting in a total economic return of 7.0% for the quarter.
New York Mortgage Trust (NYSE: NYMT) will report its financial results for the three and nine months ending September 30, 2020, after market close on November 5, 2020. The company will host a conference call on November 6, 2020, at 9:00 a.m. ET, accessible via dial-in at 877-312-8806. The call will also be available through a live audio webcast on their website. A replay of the conference call will be offered until November 13, 2020. NYMT is a REIT engaged in investing in mortgage-related residential assets.
New York Mortgage Trust (NASDAQ: NYMT) announced a quarterly cash dividend of $0.075 per share, payable on October 26, 2020 to stockholders of record by September 24, 2020. Additionally, dividends for series B, C, D, and E preferred stocks were declared, with payment on October 15, 2020. The cash dividends per share for these preferred stocks range from $0.484375 to $0.4921875. NYMT operates as a real estate investment trust focused on mortgage-related assets.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) will report its financial results for the three and six months ended June 30, 2020, on August 5, 2020. A conference call to discuss these results is scheduled for 9:00 a.m. Eastern Time on August 6, 2020. Interested parties can listen via the company's website or by dialing 877-312-8806. A replay of the call will be available until August 13, 2020. NYMT operates as a real estate investment trust focused on mortgage-related and residential housing-related assets.
New York Mortgage Trust (NYSE: NYMT) declared a quarterly cash dividend of $0.05 per share, payable on July 27, 2020. The record date for this dividend is July 1, 2020. Additionally, the Board reinstated dividends on several series of preferred stock, including Series B and Series C, with respective payments on July 15, 2020. The declared amounts for preferred stock dividends per share are $0.484375 for Series B, $0.4921875 for Series C, and $0.50 for Series D.
New York Mortgage Trust (NYMT) reported a significant net loss of $598,680,000 for Q1 2020, translating to a loss per share of $1.71. The company faced unprecedented market conditions due to the COVID-19 pandemic, leading to substantial asset sales totaling $2 billion, including $555.2 million in multi-family POs. These actions resulted in a 33% decline in book value, now at $3.89 per share. Despite these challenges, NYMT ended the quarter with $200 million in cash and a reduced portfolio leverage ratio of 0.7. Quarterly dividends were suspended, reflecting the severe market disruptions.
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?
