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 Sep 15, 2016. The shares will quote ex-dividend on Sep 22, 2016 and the record date has been fixed for Sep 26, 2016. On Sep 15, 2016 share price, the yield comes out to be 16.1074%. The dividend payable date has been fixed on Oct 28, 2016.

In a different note, On Aug 9, 2016, Keefe Bruyette & Woods said it Maintains its rating on New York Mortgage Trust Inc. In the research note, the firm Raises the price-target to $6.50 per share. The shares have been rated ‘Market Perform’ by the firm.

New York Mortgage Trust Inc (NYMT) made into the market gainers list on Tuesdays trading session with the shares advancing 0.16% or 0.01 points. Due to strong positive momentum, the stock ended at $6.13, which is also near the day’s high of $6.18. The stock began the session at $6.14 and the volume stood at 10,25,131 shares. The 52-week high of the shares is $6.71 and the 52 week low is $3.82. The company has a current market capitalization of $672 M and it has 10,95,69,315 shares in outstanding.

New York Mortgage Trust Inc(NYMT) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $16.66M. Analysts had an estimated revenue of $76.76M. Earnings per share were $0.10.

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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