New York Mortgage Trust, Shares Rise 1.6% on Wednesday
May 19, 2023
Trending News ☀️
New York Mortgage ($NASDAQ:NYMT) Trust, Inc. (NYSE: NYMT) shares rose 1.6% on Wednesday after the company announced a dividend increase. This marks the fifth consecutive quarter of dividends increases, providing the company with an attractive yield of over 10%. NYMT is a real estate investment trust that operates in the residential mortgage banking sector and invests in residential mortgage-backed securities. NYMT’s strong financial performance and growing dividend make it an attractive investment option for those looking for a reliable income stream.
The company has also been investing in new initiatives such as home loans for veterans and first-time buyers, which bode well for future growth. Investors interested in this stock should continue to monitor the company’s financial performance and dividend yields to ensure a successful return on their investment.
Analysis
GoodWhale has conducted a thorough analysis of NEW YORK MORTGAGE TRUST’s fundamentals and the results show that its Star Chart has given it an intermediate health score of 5/10, indicating that it may be able to sustain future operations in times of crisis. We have classified NEW YORK MORTGAGE TRUST as a ‘cow’, which implies that it has a track record of paying out consistent and sustainable dividends. Investors who are looking for a steady flow of income should be interested in this company, due to its strength in assets, dividend, profitability and weakness in growth, making it an attractive long-term investment. Furthermore, investors who are looking for capital appreciation should also consider NEW YORK MORTGAGE TRUST as an option due to its strong cashflows and debt that could result in potential capital gains over time. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for NYMT. More…
| Total Revenues | Net Income | Net Margin |
| 123.84 | -245.71 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for NYMT. More…
| Operations | Investing | Financing |
| 91.78 | -508.77 | 460.07 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for NYMT. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.17k | 4.35k | 13.16 |
Key Ratios Snapshot
Some of the financial key ratios for NYMT are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Peers
The competition between New York Mortgage Trust Inc and its competitors, Ellington Residential Mortgage REIT, AGNC Investment Corp, and Cherry Hill Mortgage Investment Corp, is intense. Each company is vying to offer the best mortgage products and services to their customers, in a bid to remain competitive in the industry. With a commitment to quality, these companies are striving to set the standard for excellence in the mortgage industry.
– Ellington Residential Mortgage REIT ($NYSE:EARN)
Ellington Residential Mortgage REIT is a publicly traded mortgage real estate investment trust (REIT) based in Old Greenwich, Connecticut. As of 2022, the company has a market capitalization of $92.05 million. The company specializes in investing in residential mortgage-backed securities and mortgage-related assets, such as residential mortgage loans, mortgage servicing rights, and other financial instruments. The company’s objective is to generate attractive risk-adjusted returns for its shareholders by actively managing these investments. It also provides services to assist in the management of residential mortgage-backed securities and other mortgage-related assets.
– AGNC Investment Corp ($NASDAQ:AGNC)
AGNC Investment Corp is a real estate investment trust (REIT) specializing in residential mortgage loans and mortgage-backed securities. As of 2022, the company has a market cap of 5.99 billion dollars, making it one of the largest REITs in the United States. AGNC invests primarily in agency-issued mortgage-backed securities, which are secured by government-sponsored entities such as Fannie Mae and Freddie Mac. The company also invests in other debt instruments and equity securities, as well as non-agency mortgage-backed securities. AGNC has a long track record of providing investors with attractive dividend yields and capital gains potential through its portfolio of high-quality investments.
– Cherry Hill Mortgage Investment Corp ($NYSE:CHMI)
Cherry Hill Mortgage Investment Corp is a real estate investment trust (REIT) that invests in mortgage-backed securities. The company’s market capitalization is 121.95 million as of 2022. This market capitalization is based on the company’s outstanding shares and stock price. Cherry Hill Mortgage Investment Corp is focused on providing financing to residential real estate markets and is a leading provider of residential mortgage loans in the United States. The company’s portfolio consists of mortgage-backed securities, residential whole loans, and loan servicing rights. The company’s objective is to generate attractive risk-adjusted returns to its shareholders.
Summary
New York Mortgage Trust, Inc. (NYMT) saw its shares rise 1.6% on Wednesday, due to positive investor sentiment. Analysts attribute the increase to the company’s competitive portfolio of residential mortgage-backed securities and commercial real estate finance investments. Furthermore, NYMT has a dividend yield of 10%, making it an attractive long-term investment option for yield-seeking investors. Overall, NYMT is well positioned for future growth and capital appreciation, making it an attractive investment opportunity for investors with an appetite for risk.
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