New York Mortgage Trust Inc(NASDAQ:NYMT) Declares Dividend of $0.2400.

New York Mortgage Trust Inc (NASDAQ:NYMT) had declared a cash dividend of $0.2400 on Jun 16, 2016. The shares will quote ex-dividend on Jun 23, 2016 and the record date has been fixed for Jun 27, 2016. On Jun 16, 2016 share price, the yield comes out to be 15.0235%. The dividend payable date has been fixed on Jul 25, 2016.

New York Mortgage Trust Inc (NYMT) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.15% at a volume of 12,20,479. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $6.66. The peak price level was also seen at $6.66 while the days lowest was $6.58. Finally the shares closed at $6.61. The 52-week high of the shares is $8.05 while the 52-week low is $3.82. According to the latest information available, the market cap of the company is $723 M.

New York Mortgage Trust Inc(NYMT) last announced its earnings results on May 3, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $17.64M. Analysts had an estimated revenue of $78.72M. Earnings per share were $0.13.

Several Insider Transactions has been reported to the SEC. On Jun 10, 2016, Kevin M. Donlon (President) purchased 58,004 shares at $6.30 per share price.Also, On Aug 10, 2015, Steven R Mumma (CEO) purchased 15,000 shares at $6.67 per share price.On Aug 10, 2015, Kristine Rimando Nario (CFO) purchased 2,200 shares at $6.59 per share price, according to the Form-4 filing with the securities and exchange commission.

New York Mortgage Trust Inc. is a real estate investment trust (REIT). The Company acquires invests in finances and manages primarily mortgage-related assets. The Company’s portfolio includes certain credit sensitive assets and investments sourced from distressed markets. Its targeted assets include residential mortgage loans including distressed residential loans multi-family commercial mortgage-backed securities (CMBS) mezzanine loans to and preferred equity investments in owners of multi-family properties equity and debt securities issued by entities that invest in commercial real estate-related debt investments and Agency RMBS. The Company invests in other commercial real estate-related investments such as the origination or acquisition of mezzanine loans to and preferred equity investments in owners of multi-family properties with a focus on conventional apartments cooperative housing associations student housing and other related property types.

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