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New York Mortgage Trust, Inc. (NYMT)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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2.9397-0.0303 (-1.02%)
As of 12:49PM EDT. Market open.
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  • B
    B
    I'm hearing people chat about how to use the cash. I love the idea of share buybacks only b/c I feel that it will increase share price and then they can do a secondary down the road to get the cash back for fewer shares. Ultimately, I want the cash to be working b/c that is what will ultimately bring returns to share holders in the way of dividend and share price increases. I would rather they wait to raise the dividend until they have smoothed out the earnings with regard to the new JV strategy they have gotten under way. I am thinking that the next chance for a dividend increase would be the December announcement for the dividend to be paid in January 2023. That would make for 8 quarters at .10/sh.
  • t
    tom
    One thing I’ve been noticing from NYMT, IVR and MITT (stock I own) is that institutional investors have purchased massive amounts of shares recently… look for yourself
    Bullish
  • J
    J
    Book value is now around a buck higher than the share price. Huh? Losses are paper losses on due to rising rates and do not affect net cash generation. The management needs to boost distributions ASAP and quit hoarding cash and buying back shares.
  • J
    J
    Although I am suspect of buybacks over distribution increases, now would be the time to start buying. $200 million, as previously noted, now would buy the back close to 65 million shares of the approximate 365 million outstanding. At this rate they could buy back a million shares a day through early August.
  • j
    jerry
    The dividend of NYMT is going to have to take a major haircut. The profits going forward will not sustain a $.40 dividend. What do you people not understand about a share price below $3.00 ?
  • w
    wes
    Important calculation with the 200M buy back. 200,000,000 would buy 61,823,802 shares at $3.23. A 16.21% reduction of shares outstanding and reduce market cap to 1.169B. The future dividends would have a positive effect of 16.21%. If they continue a $.10 quarter dividend the savings would be a gain of $6,182,380 / quarter with the buy back or $0.019/share.
  • T
    Terry L
    The next NYMT dividend declaration date should be on or about June 14, 2022. Any forecasts as to what will happen?
  • w
    wes
    "These investments helped push our portfolio yield to the highest level in nearly 10 years."

    During the quarter, we continued to execute on our strategic plan to generate high portfolio turnover by increasing our allocation to high coupon, short duration residential investor loans that we believe are supported by solid underlying fundamentals. Through our strong proprietary pipelines in this sector, we nearly doubled net investment activity with cash raised organically through a combination of maturity paydowns and financing activity of unencumbered loans. These investments helped push our portfolio yield to the highest level in nearly 10 years. We believe our focus on short duration residential loans and our strong cash position will better enable us to rapidly reposition our portfolio in a higher rate environment and patiently seize on superior market opportunities.”
  • A
    Allens
    Has anyone been able to get a hold of investor elations at NYMT? I have left several voicemails over the last 2 weeks and have not received a callback. I am used to being low on the totem pole but this is ridiculous.
  • B
    Bill
    Will someone pry Jason away from his X-Box long enough to inform him of the stock price. You get into the $2s and you start jeopardizing the dividend and chance for a reverse split if you can't raise the pps.
  • t
    tom
    One thing I love is how they announced the $200 million dollar buyback… but still haven’t repurchased any share. They probably will now after the terrible earnings report. Funny isn’t that illegal insider trading… because we all now the share price is going to plummet unless they come out with a really good forecast which isn’t going to happen
  • T
    Terry L
    Q-1 Cash flow per share more than covers NYMT's $0.10 dividened. If you look at the cash flow statement on page 8 of the 10-Q you will see this. The Q-1 reported loss includes non-cash items like depreciation, amortization, and unrealized losses.
  • R
    RAG
    I bought NYMT last June at $4.60/share for a dividend Yield On Cost (assuming sustainability of the .40/yr dividend) of about 8.7%. But, the U.S. inflation rate for the last 12 months March-March was about 8.5%, so inflation basically ate up the dividend yield this year. Meanwhile, general inflation has not translated to an increase in the the share price of NYMT. Rather, NYMT has experienced double digit deflation from 4.60/share when I bought it to about $3.24/share today.

    So here are 2 questions I'd like answered by NYMT: 1). What does NYMT propose to do to ensure the sustainability of the current .40/share dividend? (I could possibly wait it out in hopes that either inflation will drop, or the share price direction will turn and follow at the rate of general inflation). 2.) What does NYMT propose to do to grow the dividend to the extent required to at least track/make up for general inflation? The 3rd question if for any readers of this post. Thumbs up for hold. Thumbs down for take the loss and find something else.
    Neutral
  • B
    B
    Well, I couldn't wait. I listened tonight and quite honestly, I'm fine with the results based on the fact that Jason explained quite clearly that with the new strategy with the JV loans that there is little up front benefit (5-6%) but that the benefit is realized at the end when the property is sold (where the gain is realized ~15%). Jason said that they have moved away from a structure of linear earnings (I think he used the word 'choppy'). I am Ok with this!! I like the strategy of using short deration loans at favorable rates so that they can have cash to go into the market with as well. This quarter was fine! As for those who are knocking Jason, which I have in the past so I say this with understanding in mind, he seems to be on the ball. He may not be as well spoken as Steve or as 'personable' as Steve seemed to be...but he's pretty darn new to the position also. I'm going to give his strategies time to play out. For those who are already talking down about him in comparison to Steve, I have this to ask. Would Steve have stepped down had he not had confidence in Jason and the job he would do? Of course not. Steve is still in the picture, he's just not on the calls. Tomorrow, I'm a buyer!!! We'll see in a couple years what tomorrow's shares are worth, but I'm expecting that when dividends are accounted for they'll be up over 100%. Time will tell....GL All, B
  • c
    clash
    $NYMT $MFA FED Meeting notes today - FED is going to begin unwinding of 17.4B Agency MBS this month, monthly it could increase 200-300% in the next few months according to potential estimates. So this could possibly create some volatility in the coming quarters in the MBS space, its all going to depend on how fast the Fed unwinds and also the current market volatility. Good luck to all.
  • J
    Justen
    I’m trying to understand the huge loss this last quarter. I sold my stake a month back and am looking for an entry point. With a q1 like they had, bankruptcy is possible. They still have 300m in cash, but that can go quickly. If next quarter looks like this it will be bad.

    Anyway, why that massive loss? I’m know we have rising rates, but it still seems excessive.
  • M
    Michael
    Bought more at 3.02.
  • w
    wes
    Homebuyers are flocking to Manhattan despite rising mortgage rates, according to a new analysis, as sales reached a record $7.3 billion within the first months of the year.

    The number of sales in the New York borough reached 3,585 during the first quarter of 2022, up 45.9% year on year, according to Miller Samuel and Douglas Elliman report. That increase in sales was up 48.9% from pre-pandemic levels, marking the third consecutive quarter of record high sales.
    Bullish
  • C
    Cash
    Headed back to $2.80….hold your shares and buy the red days.
  • a
    arthur roizman
    I am puzzled as to why REIT share prices are getting hit so hard today!
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