NYMT - New York Mortgage Trust, Inc.
6.15 +0.02 (0.33%)
After hours: 6:53PM EDT
| Previous Close | 6.13 |
| Open | 6.18 |
| Bid | 6.13 x 47300 |
| Ask | 6.15 x 38800 |
| Day's Range | 6.11 - 6.18 |
| 52 Week Range | 5.58 - 6.44 |
| Volume | 6,875,089 |
| Avg. Volume | 3,522,982 |
| Market Cap | 1.434B |
| Beta (3Y Monthly) | 0.29 |
| PE Ratio (TTM) | 11.72 |
| EPS (TTM) | 0.52 |
| Earnings Date | Jul 31, 2019 - Aug 5, 2019 |
| Forward Dividend & Yield | 0.80 (12.94%) |
| Ex-Dividend Date | 2019-09-18 |
| 1y Target Est | 6.13 |
- GlobeNewswire
New York Mortgage Trust Announces Pricing of Public Offering of Common Stock
New York Mortgage Trust, Inc. (NYMT) (“NYMT” or the “Company”) announced today that it priced an underwritten public offering of 25,000,000 shares of its common stock for gross proceeds of approximately $153.5 million. The underwriters may offer the common stock from time to time to purchasers directly or through agents, or through brokers in brokerage transactions on The Nasdaq Global Select Market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices, which may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices. NYMT also granted the underwriters a 30-day option to purchase up to an additional 3,750,000 shares of common stock.
- GlobeNewswire
New York Mortgage Trust Announces Public Offering of Common Stock
New York Mortgage Trust, Inc. (NYMT) (“NYMT” or the “Company”) announced today that it plans to make a public offering of 25,000,000 shares of its common stock. Morgan Stanley, J.P. Morgan, UBS Investment Bank, Barclays, BofA Merrill Lynch, Credit Suisse, Keefe, Bruyette & Woods, A Stifel Company, and RBC Capital Markets will serve as joint bookrunning managers for the offering. Nomura and Raymond James will serve as senior co-managers for the offering.
- Simply Wall St.
Should You Think About Buying New York Mortgage Trust, Inc. (NASDAQ:NYMT) Now?
New York Mortgage Trust, Inc. (NASDAQ:NYMT), which is in the mortgage reits business, and is based in United States...
- GlobeNewswire
New York Mortgage Trust Declares Third Quarter 2019 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
New York Mortgage Trust, Inc. (NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending September 30, 2019. In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period that began on July 15, 2019 and ends on October 14, 2019. This dividend is payable on October 15, 2019 to holders of record of Series B Preferred Stock as of October 1, 2019.
- Zacks
Top Ranked Momentum Stocks to Buy for September 3rd
Top Ranked Momentum Stocks to Buy for September 3rd
- Thomson Reuters StreetEvents
Edited Transcript of NYMT earnings conference call or presentation 6-Aug-19 1:00pm GMT
Q2 2019 New York Mortgage Trust Inc Earnings Call
- Zacks
10 Top-Ranked Stocks Under $20 to Buy Heading into September
Today we've highlighted 10 stocks that are currently trading for under $20 per share that investors might want to buy heading into September...
- Simply Wall St.
Could The New York Mortgage Trust, Inc. (NASDAQ:NYMT) Ownership Structure Tell Us Something Useful?
Every investor in New York Mortgage Trust, Inc. (NASDAQ:NYMT) should be aware of the most powerful shareholder groups...
Motley FoolNew York Mortgage Trust Inc (NYMT) Q2 2019 Earnings Call Transcript
NYMT earnings call for the period ending June 30, 2019.
- Zacks
New York Mortgage Trust (NYMT) Misses Q2 Earnings and Revenue Estimates
New York Mortgage Trust (NYMT) delivered earnings and revenue surprises of -50.00% and -21.91%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
- GlobeNewswire
New York Mortgage Trust Reports Second Quarter 2019 Results
NEW YORK, Aug. 05, 2019 -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (“NYMT,” the “Company,” “we,” “our” or “us”) today reported results for the three and six months ended.
- Zacks
The Zacks Analyst Blog Highlights: Zynga, Sandstorm, Digital Turbine, New York Mortgage Trust and ADT
The Zacks Analyst Blog Highlights: Zynga, Sandstorm, Digital Turbine, New York Mortgage Trust and ADT
- Zacks
5 of the Best Stocks Under $10 to Buy in August
Today we've highlighted five stocks that are currently trading for under $10 per share. All of these stocks also sport a Zacks Rank 2 (Buy) or better, and are showing signs of outpacing the market.
- InvestorPlace
7 A-Rated Stocks Under $10
It's always hard to describe stocks that are trading under $10. Are they cheap stocks? Are they penny stocks? Are small-cap stocks bargains?Source: Shutterstock The fact is, a low-priced stock doesn't necessarily mean anything other than that it's low-priced. There's no reason to take a flyer on a low-priced stock just because it's low priced when a higher-priced stock (and few less shares) may get you a better stock.I do the same amount of leg work on every stock, regardless of its price. Then, once they've been through my Portfolio Grader system, I can parse that list by industry, momentum, fundamentals or in this case, price.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe seven A-rated stocks under $10 featured here have everything going for them, just like their higher-priced brethren. They just cost you a little less to get into. Or, you can take a bigger stake than you could in say a $30 stock. * The 10 Best Stocks to Invest in for August What's more, small-cap stocks (usually one and the same as low-priced stocks) are doing well now -- the Russell 2000 Index is the best indicator of the small caps, and it's up more than 14% year-to-date. And since they have been in the shadows while the big names get the glory, they're usually better values here as well. Orion Energy Systems (OESX)Orion Energy Systems Inc (NASDAQ:OESX) only has a market cap of $93 million. And while it had a pop in early 2017, it hasn't done much until recently.It's in the lighting business. Basically it designs, manufactures and installs commercial lighting systems and energy management solutions. That may not sound like a big business, but it depends on who your clients are.And recently it looks like OESX has landed a big client. Its stock is up 230% in the past 12 months and a whopping 477% YTD. And 100% in the past three months.It has landed a big fish to be sure. And if it's a big box retailer that's retrofitting its stores with energy-saving lighting, this is going to be a run that will last for a while.For now, however, few people are watching. Don't chase it, just buy in a little at a time. Sachem Capital Corp (SACH)Sachem Capital Corp (NYSE:SACH) is an interesting company. It's in the real estate investment trust (REIT) sector and is classified as a REIT. But it doesn't hold properties, its holds first mortgages on properties.It offers what's know in the business as "hard money loans", which are basically short-term (three years or less), secured non-banking loans for acquisition, renovation or development of properties in Connecticut, Massachusetts, New York and Rhode Island.It has about a $105 million market cap, and its performance has been solid. Year-to-date it's up 27%. And that should continue since both the REIT sector and the small cap sector are both doing well here. * 10 Small-Cap Stocks to Buy Before They Grow Up The real kicker is its 9.6% dividend. If you're looking for a long-term, small cap holding and a solid regional REIT play, look no further. New York Mortgage Trust (NYMT)New York Mortgage Trust (NASDAQ:NYMT) is another REIT, with all the benefits discussed earlier regarding being involved in two hot sectors at once.It also focuses on the mortgages and financial assets of a development or builder rather than the physical assets. With rates this low and likely headed lower, this is a very good time for a firm like NYMT since many developers will grab properties while rates are low and then can develop over time.In mid-July, the company offered an additional 20 million shares, which diluted current shareholders but has boosted its operating capital so it can make more deals while the market is hot.Its stock performance is about breakeven at this point, but it has a huge 13.1% dividend. Its $1.3 billion market cap also means it has aspirations to build a bigger company over time. Innovative Systems and Support (ISSC)Innovative Systems and Support Inc (NASDAQ:ISSC) has been building avionics and instrumentation for the airline industry since 1988. Its customers are a who's who of the major commercial airlines, logistics companies and governmental agencies.With a $94 million market cap, this is a niche player in the sector, but that simply means it's a reliable subcontractor to major contracts that are signed by various aviation companies. * 7 Strong Buy Stocks the Street Loves This has been a very good year for the company -- and its stock -- it's up 93% for the year and 150% YTD. With air travel expanding and online shopping continuing to grow, there's no doubt that airlines will be in need of the products ISSC delivers for many years to come. CorMedix (CRMD)CorMedix Inc (NASDAQ:CRMD) is a commercial-stage pharmaceutical company that focuses on its taurolidine technology to build a non-antibiotic, antimicrobial that can prevent bloodborne infections and inflammation in patients that are on IVs and catheters.It will be a contender with the long-time go-to, heparin.Earlier this month, the stock got a boost when the company announced that the Food and Drug Administration determined that it had passed its Phase III trial and doesn't need to expand its study further. That means CRMD is much closer to getting Neutrolin to market.It currently has a $219 million market cap and the stock has been doing well for a while. It's up 46% YTD and a whopping 214% in the past 12 months. CRMD has a good chance to be bought out or get a big licensing deal with a large pharmaceutical company. Adesto Technologies (IOTS)Adesto Technologies Corp (NASDAQ:IOTS) is a small chipmaker that specializes in non-volatile memory chips for the "Internet of Things" market.This is a massive long-term trend and as it expands, it's a great place for smaller chipmakers to grab a foothold. IOTS is a full stack IOT provider in the industrial, medical, consumer and communications sectors.The IOT semiconductor space is looking at a compounded annual growth rate (CAGR) of 25% until 2022 and CAGR of 35% for industrial IOT building blocks demand.It already works with the major players across its sectors and has a global presence. This means it will continue to grow with its partners. * 10 Companies I'd Love to See Go Public Right now, its market cap is a mere $247 million, but it's in a perfect position to grow alone or get acquired at a premium by a larger chip firm looking to gain market share in the sectors where IOTS thrives. Fluent (FLNT)Fluent Inc (NASDAQ:FLNT) is an online marketing platform for businesses and publishers.Remember, the old publishing model collapsed after the internet drove paper publishing into the ground. It also hit the direct mail business hard as well. Then, as everyone started filling your inbox with tons of junk mail, that became increasingly difficult as well.That left companies looking for ways to build their customer lists and create effective advertising that customers would see. And digital agencies like FLNT were born to market to and acquire customers.It has a $410 million market cap, so it has done well in the nine years since its founding and it continues to grow. Year-to-date it's up 54% and over the past 12 months it has returned 135%, yet still trades at a trailing P/E of 44.Louis Navellier is a renowned growth investor. He is the editor of four investing newsletters: Growth Investor, Breakthrough Stocks, Accelerated Profits and Platinum Growth. His most popular service, Growth Investor, has a track record of beating the market 3:1 over the last 14 years. He uses a combination of quantitative and fundamental analysis to identify market-beating stocks. Mr. Navellier has made his proven formula accessible to investors via his free, online stock rating tool, PortfolioGrader.com. Louis Navellier may hold some of the aforementioned securities in one or more of his newsletters. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy With Over 20% Upside From Current Levels * The 10 Best Stocks to Invest in for August * 6 Upcoming IPOs for August The post 7 A-Rated Stocks Under $10 appeared first on InvestorPlace.
- Zacks
Earnings Preview: New York Mortgage Trust (NYMT) Q2 Earnings Expected to Decline
New York Mortgage Trust (NYMT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
New York Mortgage Trust 2019 Second Quarter Conference Call Scheduled for Tuesday, August 6, 2019
NEW YORK, July 22, 2019 -- New York Mortgage Trust, Inc. (Nasdaq: NYMT) (the “Company”) is scheduled to report financial results for the three and six months ended June 30,.
- Simply Wall St.
Does New York Mortgage Trust, Inc. (NASDAQ:NYMT) Have A Volatile Share Price?
If you're interested in New York Mortgage Trust, Inc. (NASDAQ:NYMT), then you might want to consider its beta (a...
- MarketWatch
New York Mortgage Trust's stock falls on heavy volume after public share offering
Shares of New York Mortgage Trust Inc. slumped 2.6% in very active premarket trading Thursday, after the real estate investment trust announced a public offering of common stock, which represented about 9.5% of the shares outstanding. Volume topped 7.1 million shares, enough to make it the most actively traded stock ahead of the open, and already nearly triple the full-day average. The company said late Wednesday it was offering 20 million shares to the public, and said Thursday it expected gross proceeds of $122.2 million. That would imply a pricing of $6.11 a share, which represents a 2.4% discount to Wednesday's closing price of $6.26. The REIT said it plans to use the proceeds from the offering for general business purposes, which may including acquiring assets. The stock has gained 6.3% year to date through Wednesday, while the SPDR Real Estate Select Sector ETF has rallied 20.7% and the S&P 500 has climbed 19.1%.
- GlobeNewswire
New York Mortgage Trust Announces Preliminary Estimates of Select Financial Data for Second Quarter 2019
For the three months ended June 30, 2019, the Company estimates that, when finally determined, its net income attributable to common stockholders will be in the range of $0.07 to $0.09 per share (basic), and comprehensive income to common stockholders will be in the range of $0.17 to $0.19 per share. In addition, the Company estimates that, when finally determined, its book value per common share as of June 30, 2019 will be in the range of $5.73 to $5.75, compared to its book value per common share of $5.75 at March 31, 2019. Furthermore, as of June 30, 2019, the Company estimates that, when finally determined, its overall leverage ratio, which represents its total debt divided by its total stockholders' equity, was approximately 1.8 to 1.
- Zacks
Should You Invest in the Invesco KBW High Dividend Yield Financial ETF (KBWD)?
Sector ETF report for KBWD
- Simply Wall St.
Have Insiders Been Selling New York Mortgage Trust, Inc. (NASDAQ:NYMT) Shares?
We often see insiders buying up shares in companies that perform well over the long term. The flip side of that is...
- GlobeNewswire
New York Mortgage Trust Declares Second Quarter 2019 Common Stock Dividend of $0.20 Per Share, and Preferred Stock Dividends
New York Mortgage Trust, Inc. (NYMT) (the “Company”) announced today that its Board of Directors (the “Board”) declared a regular quarterly cash dividend of $0.20 per share on shares of its common stock for the quarter ending June 30, 2019. In accordance with the terms of the 7.75% Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”) of the Company, the Board declared a Series B Preferred Stock cash dividend of $0.484375 per share of Series B Preferred Stock for the quarterly period that began on April 15, 2019 and ends on July 14, 2019. This dividend is payable on July 15, 2019 to holders of record of Series B Preferred Stock as of July 1, 2019.
