New York Mortgage Trust, Inc. (NASDAQ:NYMT) Updates On Dividend Release Date


On 2016-07-26, New York Mortgage Trust, Inc. (NASDAQ:NYMT) confirmed the dividend disbursement of $0.24 a share to shareholders as on record 2016-06-27. The firm will release dividend on 2016-07-25 while ex-dividend date is reported to be 2016-06-23.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, New York Mortgage Trust, Inc. (NASDAQ:NYMT) paid a total of $0.24 per share in dividends. This figure stood at $0.24 a share in the same period a year ago indicating a deviation of -5.5556%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $6.15 on the stock. This figure is the average of recommendations offered by 5 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $6.75 and $5, respectively.

Taking the mathematical rating formula, the price for New York Mortgage Trust, Inc. (NASDAQ:NYMT) stands at 2.2. Earnings Review New York Mortgage Trust, Inc. (NASDAQ:NYMT) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-01. For the period ending on 2016-09-30, experts are expecting EPS of $0.13.

Coming to the quarter ending on 2015-12-31, New York Mortgage Trust, Inc. (NASDAQ:NYMT) recorded EPS of $0.1. The reported numbers came lower than the analysts’ estimates of $0.15, demonstrating a miss of $-0.05 as against reported figures.

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