|Bid||0.00 x 900|
|Ask||25.28 x 1000|
|Day's Range||25.02 - 25.19|
|52 Week Range||20.70 - 25.25|
|Beta (3Y Monthly)||0.82|
|PE Ratio (TTM)||48.05|
|Forward Dividend & Yield||2.00 (7.98%)|
|1y Target Est||N/A|
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%.
On a per-share basis, the New York-based company said it had profit of 21 cents. The real estate investment trust posted revenue of $178.8 million in the period. Its adjusted revenue was $26.2 million. ...
Mortgage rates remained stable the first week of April, with demand rising to its highest level since 2016. Mortgage rates remained steady at 4.08% for a 30-year fixed rate mortgage as the market experienced a rise in refinancing activity. Warning! GuruFocus has detected 5 Warning Signs with NYMT.
New York Mortgage Trust Inc is a real estate investment trust. The Company is engaged in acquiring, investing in, financing and managing mortgage-related assets and, to a lesser extent, financial assets. The dividend yield of New York Mortgage Trust Inc stocks is 12.99%.
On a per-share basis, the New York-based company said it had profit of 2 cents. The real estate investment trust posted revenue of $130.2 million in the period. Its adjusted revenue was $21.9 million. ...
On CNBC's "Mad Money Lightning Round," Jim Cramer said he would buy more DowDuPont Inc (NYSE: DWDP ). New York Mortgage Trust (NASDAQ: NYMT ) is too opaque, said Cramer. He finds it hard to ...
On a per-share basis, the New York-based company said it had profit of 20 cents. The real estate investment trust posted revenue of $110.2 million in the period. Its adjusted revenue was $19.6 million. ...