23-Apr-2024
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New York Mortgage Trust 2024 First Quarter Conference Call Scheduled for Thursday, May 2, 2024
Globe Newswire (Tue, 16-Apr 4:05 PM ET)
Globe Newswire (Wed, 13-Mar 4:16 PM ET)
New York Mortgage Trust Reports Fourth Quarter and Full Year 2023 Results
Globe Newswire (Wed, 21-Feb 4:05 PM ET)
New York Mortgage Trust Announces Tax Treatment of 2023 Dividend Distributions
Globe Newswire (Tue, 30-Jan 4:05 PM ET)
New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.
New York Mortgage Trust trades on the NASDAQ stock market under the symbol NYMT.
As of April 23, 2024, NYMT stock price climbed to $7.20 with 560,019 million shares trading.
NYMT has a beta of 1.32, meaning it tends to be more sensitive to market movements. NYMT has a correlation of 0.33 to the broad based SPY ETF.
NYMT has a market cap of $656.89 million. This is considered a Small Cap stock.
Last quarter New York Mortgage Trust reported $17 million in Revenue and $.35 earnings per share. This fell short of revenue expectation by $-4 million and exceeded earnings estimates by $.33.
In the last 3 years, NYMT stock traded as high as $19.74 and as low as $6.70.
The top ETF exchange traded funds that NYMT belongs to (by Net Assets): IJR, VTI, IWM, VXF, KBWD.
NYMT has underperformed the market in the last year with a return of -19.7%, while the SPY ETF gained +24.3%. In the last 3 month period, NYMT fell short of the market, returning -10.8%, while SPY returned +4.9%. However, in the most recent 2 weeks NYMT has outperformed the stock market by returning -0.6%, while SPY returned -2.5%.
NYMT support price is $6.93 and resistance is $7.19 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NYMT stock will trade within this expected range on the day.