New York Mortgage Trust Stock Price, News & Analysis

New York Mortgage Trust (NASDAQ: NYMT) declared a quarterly cash dividend of $0.40 per share, payable on April 26, 2023, to stockholders of record by March 20, 2023. Additionally, dividends were announced for preferred stock classes, including Series D, E, F, and G, with respective payment dates set for April 15, 2023. The cash dividends for the preferred stocks range from $0.4296875 to $0.50 per share. This move reinforces the company's commitment to returning value to shareholders.

New York Mortgage Trust (Nasdaq: NYMT) announced the completion of a one-for-four reverse stock split effective March 9, 2023. This decision affects all issued and authorized shares, reducing outstanding shares while maintaining the ownership percentage for current shareholders. No fractional shares were issued; instead, cash payments will be issued based on the closing price of March 8, 2023. The Common Stock will trade on a reverse split-adjusted basis under the same symbol, NYMT, with a new CUSIP number: 649604840. This strategic move is designed to enhance the stock's trading value and facilitate its growth in the market.

New York Mortgage Trust (NYSE: NYMT) reported a net loss of $48 million for Q4 2022, totaling $340 million for the full year. The company had a net interest income of $22.3 million for the quarter, reflecting a net interest spread of 1.11%. The book value per share remained steady at $3.32. In 2022, NYMT funded approximately $1.7 billion in residential loans. Subsequent to the reporting period, a one-for-four reverse stock split was approved and a share repurchase program extended through March 2024. Management anticipates a pullback in consumer spending, optimizing capitalization and asset management strategies to support future portfolio growth.

New York Mortgage Trust (Nasdaq: NYMT) is set to release its financial results for the year and quarter ending December 31, 2022, on February 22, 2023. An executive conference call will follow on February 23, 2023, at 9:00 a.m. Eastern Time. Interested participants must pre-register to access the call. A live audio webcast will be available via the company’s website.

NYMT operates as a real estate investment trust (REIT) focusing on acquiring and managing mortgage-related assets, including single-family and multi-family residential properties.

On January 30, 2023, New York Mortgage Trust (Nasdaq: NYMT) announced the tax treatment for its 2022 common and preferred stock dividends. Stockholders should verify their brokerage statements against the Company’s disclosures for accurate tax reporting. Notably, no portion of the 2022 dividends is expected to be classified as excess inclusion income, which is important for tax-exempt investors. The total common stock dividend for 2022 is $0.400000 per share, while the preferred stock dividends amount to $2.000000 for Series D, $1.968750 for Series E, $1.718750 for Series F, and $1.560420 for Series G. Payment dates vary across dividends, with the last common stock payment on January 26, 2023.

New York Mortgage Trust, Inc. (Nasdaq: NYMT) has appointed Nicholas Mah as its new President, effective January 1, 2023. Mah, who has been with the Company since July 2018 as Managing Director, specializes in portfolio management and trading of mortgage securities. His previous experience includes roles at Oak Hill Advisors and The Blackstone Group. CEO Jason T. Serrano expressed confidence in Mah's leadership abilities to reinforce the Company's position in the hybrid mortgage REIT sector. The transition aims to enhance the Company’s long-term success.

New York Mortgage Trust (Nasdaq: NYMT) announced a quarterly cash dividend of $0.10 per share for the quarter ending December 31, 2022, payable on January 26, 2023, to shareholders on record as of December 27, 2022. The Board also declared dividends for its Series D, E, F, and G preferred stocks, with payment scheduled for January 15, 2023. Each preferred stock's cash dividend ranges from $0.4296875 to $0.50 per share. The announcement reflects the company's commitment to providing income to shareholders amidst ongoing economic uncertainties.

New York Mortgage Trust (NYSE: NYMT) reported significant net losses for Q3 2022, totaling $125.8 million, which translated to a loss of $0.33 per common share. Despite a robust yield of 6.66% on average interest-earning assets and a net interest spread of 2.18%, the company's comprehensive loss was $126.9 million. Key actions included a $48 million sale of multi-family properties and a successful $220.8 million residential loan securitization. The company's book value per share stands at $3.65, and management anticipates opportunities amid current market volatility.

New York Mortgage Trust (NYSE: NYMT) announced preliminary estimates for Q3 2022, reporting a decline in book value per common share to between $3.62 and $3.66, down from $4.06 in Q2 2022. The undepreciated book value also decreased to an estimated $3.86-$3.90. The company's liquidity position remains strong with $336 million in cash and $586 million in unencumbered assets. A cash dividend of $0.10 per share will be paid on October 26, 2022. The conference call to discuss financial results is scheduled for November 3, 2022, following the earnings release on November 2.