New York Mortgage Trust Stock Price, News & Analysis

New York Mortgage Trust (NYMT) plans to release its financial results for the three and twelve months ending December 31, 2021, on February 17, 2022, after market close. An audio webcast and conference call with management will be held on February 18, 2022, at 9:00 a.m. Eastern Time. Interested parties can access the call via the company's investor relations website or by calling 877-312-8806. A replay will be available until February 25, 2022.

As a REIT, NYMT focuses on acquiring, financing, and managing mortgage-related residential assets.

New York Mortgage Trust, Inc. (NASDAQ: NYMT) has announced the tax treatment of common and preferred stock dividends declared in 2021. Common stock distributions total $0.40, with a breakdown of ordinary and qualified dividends provided. Preferred stock distributions include Series B, C, D, E, and F, with total distributions of $2.276563, $1.5585937, $2.0, $1.96875, and $0.467900, respectively. Stockholders are advised to consult their tax advisors regarding the specific tax implications of these distributions, which can vary based on individual tax situations.

New York Mortgage Trust (Nasdaq: NYMT) declared a quarterly cash dividend of $0.10 per share for Q4 2021, payable on January 25, 2022. Stockholders must be on record by the close of business on December 27, 2021. Additionally, the company announced cash dividends for its 8.000% Series D, 7.875% Series E, 6.875% Series F, and 7.000% Series G Preferred Stock, each with a payment date of January 15, 2022. These announcements reflect ongoing confidence in dividend distributions despite market uncertainties.

New York Mortgage Trust (Nasdaq: NYMT) announced the redemption of 3,156,087 shares of its 7.75% Series B Cumulative Redeemable Preferred Stock, effective December 18, 2021. The shares will be redeemed at $25.00 each, plus accrued dividends from October 15, 2021, to the redemption date. Payments will be made on December 20, 2021, via the Redemption Agent, American Stock Transfer & Trust Company. Post-redemption, the Series B Preferred Stock will cease to exist, and rights associated with the shares will terminate, except for the right to receive the redemption payment.

New York Mortgage Trust (NASDAQ: NYMT) has priced a public offering of 3,000,000 shares of its 7.000% Series G Cumulative Redeemable Preferred Stock, amounting to gross proceeds of $75 million. The offering, which includes an option for underwriters to purchase an additional 450,000 shares, is expected to close on November 24, 2021. Proceeds will be used to redeem all outstanding shares of the 7.75% Series B Preferred Stock and for general business purposes, including acquiring targeted mortgage-related assets. The stock will be listed under the symbol 'NYMTZ.'

New York Mortgage Trust (Nasdaq: NYMT) has announced a public offering of its Series G Cumulative Redeemable Preferred Stock, intended for listing on Nasdaq under the symbol NYMTZ. The offering will allow underwriters a 30-day option to purchase additional shares. Proceeds will be used to redeem the 7.75% Series B Preferred Stock and for general business purposes, including acquiring residential and mortgage-related assets. The offering is made under an effective shelf registration statement.

New York Mortgage Trust (Nasdaq: NYMT) announced a leadership transition effective January 1, 2022. Steven R. Mumma will move from CEO to Executive Chairman, while Jason T. Serrano, the current President, will become the new CEO. Mumma will still participate in major investment decisions and risk management. The Board expressed confidence in both leaders, highlighting their contributions to the company's growth. Mumma, CEO since 2009, has been integral to NYMT's success. Serrano aims to continue delivering stable distributions to stockholders amidst changing economic conditions.

New York Mortgage Trust, Inc. (Nasdaq: NYMT) reported its third quarter 2021 results, highlighting a net income of $36.9 million, or $0.10 per share. The comprehensive income was $31.5 million, or $0.08 per share. Key developments include the purchase of $370.7 million in residential loans and the issuance of 5.75 million shares of Series F Preferred Stock, generating net proceeds of $138.6 million. The company’s economic return on book value was 2.1%, with a book value per common share of $4.74 at quarter-end. Management aims to reduce funding costs through strategic refinancings.

New York Mortgage Trust (NYSE: NYMT) will release its financial results for Q3 and YTD September 30, 2021, on November 2, 2021, before market opening. Executive management will host a conference call at 9:00 a.m. ET on the same day, accessible via phone and an audio webcast on their website. A replay will be available until November 9, 2021. NYMT is a real estate investment trust specializing in mortgage-related residential assets.