Welcome to our dedicated page for New York Mortgage Trust news (Ticker: NYMT), a resource for investors and traders seeking the latest updates and insights on New York Mortgage Trust stock.
Adamas Trust, Inc., formerly New York Mortgage Trust, reports developments tied to its internally managed REIT platform for mortgage-related residential assets. The company acquires, invests in, finances and manages primarily single-family and multi-family residential assets, and its news commonly covers quarterly results, common and preferred stock dividends, portfolio positioning, Agency RMBS exposure and financing actions.
Company updates also include its completed rebrand from NYMT to ADAM and the completed acquisition of Constructive Loans, LLC, an originator of business purpose loans for residential real estate investors that operates as a subsidiary. Other recurring themes include senior notes, consent solicitations, shareholder voting matters, capital-structure disclosures and governance updates.
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New York Mortgage Trust, Inc. (Nasdaq: NYMT) will report its financial results for the first quarter of 2023 on May 3, 2023, after the market closes. A conference call and audio webcast is scheduled for May 4, 2023, at 9:00 a.m. Eastern Time, where executive management will discuss the results. Interested participants can pre-register for the call through a provided link. Additionally, a live audio webcast will be available on the Company’s Investor Relations website, with a replay accessible for 12 months after the live event.
As a Maryland corporation, NYMT operates as a real estate investment trust (REIT), focusing primarily on acquiring and managing mortgage-related residential assets.
New York Mortgage Trust, Inc. (Nasdaq: NYMT) announced an increase in its common stock repurchase program to $246 million, following approximately $46 million already repurchased. This upsize aims to enhance shareholder value. Additionally, the Board authorized a preferred stock repurchase program of up to $100 million, allowing flexibility in market acquisitions. The repurchase activities will depend on market conditions and liquidity. NYMT focuses on acquiring and managing mortgage-related assets, emphasizing its strategy to maintain strong investor confidence and optimize capital return.