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Last $7.95 USD
Change Today +0.061 / 0.77%
Volume 594.6K
NYMT On Other Exchanges
Symbol
Exchange
NASDAQ GS
Berlin
As of 12:49 PM 04/27/15 All times are local (Market data is delayed by at least 15 minutes).

new york mortgage trust inc (NYMT) Snapshot

Open
$7.96
Previous Close
$7.89
Day High
$7.98
Day Low
$7.92
52 Week High
11/18/14 - $8.20
52 Week Low
09/30/14 - $7.18
Market Cap
845.1M
Average Volume 10 Days
602.6K
EPS TTM
$1.49
Shares Outstanding
106.3M
EX-Date
03/26/15
P/E TM
5.3x
Dividend
$1.08
Dividend Yield
13.58%
Current Stock Chart for NEW YORK MORTGAGE TRUST INC (NYMT)

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new york mortgage trust inc (NYMT) Details

New York Mortgage Trust, Inc., a real estate investment trust (REIT), engages in acquiring, investing in, financing, and managing mortgage-related and financial assets in the United States. It primarily invests in residential mortgage-backed securities comprising adjustable-rate, hybrid adjustable-rate, fixed-rate, interest only and inverse interest only, and principal only mortgage-backed securities; multi family commercial mortgage-backed securities; and residential mortgage loans, including loans sourced from distressed markets. The company qualifies as a REIT for federal income tax purposes. It generally would not be subject to federal income tax on that portion of its income if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 1989 and is headquartered in New York, New York.

7 Employees
Last Reported Date: 02/27/15
Founded in 1989

new york mortgage trust inc (NYMT) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $533.3K
Chief Financial Officer
Total Annual Compensation: $225.0K
Vice President and Secretary
Total Annual Compensation: $260.0K
Compensation as of Fiscal Year 2014.

new york mortgage trust inc (NYMT) Key Developments

New York Mortgage Trust Mulls Acquisitions

New York Mortgage Trust Inc. (NasdaqGS:NYMT), which is planning for a public offering of 3.6 million shares for gross proceeds of $90 million, is looking for acquisitions. The company intends to use the net proceeds of the offering to acquire certain of its targeted assets and various other types of mortgage-related and financial assets that it may target from time to time.

New York Mortgage Trust Inc. Announces Board Changes

New York Mortgage Trust Inc. announced that its Board of Directors has unanimously elected Steven R. Mumma, the company's Chief Executive Officer and President, to the additional role of Chairman of the Board, effective immediately. In connection with Mr. Mumma's appointment, the Board has appointed Alan L. Hainey to the newly created position of Lead Director. The appointments follow the receipt by the company's Board of Directors of notice from Douglas E. Neal, Mr. Mumma's predecessor as Chairman of the Board, that Mr. Neal anticipates entering into a consulting arrangement with RiverBanc LLC. In connection with this potential new arrangement, Mr. Neal offered to resign as a director of the Company. After considering his offer to resign and the potential related party transaction that would result from Mr. Neal's new arrangement, the company's Board of Directors determined that Mr. Neal should continue to serve as a director of the company, but will no longer qualify as "independent" under the rules of the Nasdaq Stock Market and the company's Corporate Governance Guidelines. Mr. Mumma, who has served in multiple leadership roles at the Company dating back to 2003, was named Chief Executive Officer of the company in February 2009 after having served as President and Co-Chief Executive Officer starting in March 2007. Mr. Hainey has served as an independent director of the Company since 2004 and will continue to serve on the Audit, Compensation and Nominating and Corporate Governance Committees of the Board of Directors.

New York Mortgage Trust Declares Common Stock Dividend for the Quarter Ending March 31, 2015 and Preferred Stock Dividend for the Quarter Ending April 14, 2015 Payable on April 27, 2015, and April 15, 2015, Respectively

New York Mortgage Trust Inc. announced that its Board of Directors declared a regular quarterly cash dividend of $0.27 per share on shares of its common stock for the quarter ending March 31, 2015. The dividend will be payable on April 27, 2015 to common stockholders of record as of March 30, 2015. In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (Series B Preferred Stock) of the Company, the Board of Directors declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period beginning January 15, 2015 and ending on April 14, 2015. This dividend is payable on April 15, 2015 to holders of record of Series B Preferred Stock as of April 1, 2015.

 

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NYMT:US $7.95 USD +0.06

NYMT Competitors

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Company Last Change
AG Mortgage Investment Trust Inc $19.46 USD -0.03
American Capital Mortgage Investment Corp $18.07 USD -0.02
Apollo Residential Mortgage Inc $16.06 USD -0.03
Capstead Mortgage Corp $11.97 USD -0.005
RAIT Financial Trust $6.82 USD +0.07
View Industry Companies
 

Industry Analysis

NYMT

Industry Average

Valuation NYMT Industry Range
Price/Earnings 5.3x
Price/Sales 4.1x
Price/Book 1.1x
Price/Cash Flow 6.2x
TEV/Sales NM Not Meaningful
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