New York Mortgage Trust: Encouraging Q3 Results, But Dividend Remains Unsustainable [Seeking Alpha]
New York Mortgage Trust, Inc. (NYMT)
Last new york mortgage trust, inc. earnings: 2/24 04:05 pm
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Source: Seeking Alpha
New York Mortgage Trust: Encouraging Q3 Results, But Dividend Remains UnsustainableSummaryDespite encouraging Q3 results, NYMT’s current quarterly dividend remains unsustainable in the short- to medium-term.The current 12.4% dividend yield is not covered by earnings generation, leading to reducing book value per share.We expect a further dividend cut to align the payout to the underlying profitability of NYMT’s portfolio.
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NYMT
News
- New York Mortgage Trust 2024 First Quarter Conference Call Scheduled for Thursday, May 2, 2024GlobeNewswire
- New York Mortgage Trust, Inc. (NASDAQ: NYMT) had its "buy" rating re-affirmed by analysts at B. Riley. They now have a $11.00 price target on the stock, down previously from $15.00.MarketBeat
- New York Mortgage Trust Declares First Quarter 2024 Common Stock Dividend of $0.20 Per Share, and Preferred Stock DividendsGlobeNewswire
- New York Mortgage Trust, Inc. (NASDAQ:NYMT) Q4 2023 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- New York Mortgage Trust, Inc. (NASDAQ: NYMT) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
NYMT
Earnings
- 2/21/24 - Beat
NYMT
Sec Filings
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- NYMT's page on the SEC website