New York Mortgage Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN)
NASDAQ (NGS) 
Summary
NYMTN Chart
Preferreds Weekly Review: Bonds Vs. Preferreds
We take a look at the action in preferreds and baby bonds through the second week of July and highlight some of the key themes we are watching. Preferreds outperformed broader markets last week; sector credit spreads have tightened, making valuations expensive and yields less attractive. Bonds offer more protection than preferreds, but preferreds provide higher yields; choice depends on issuer quality, tax treatment, and investor objectives.
NYMTH: A 9.875% Senior Note IPO From New York Mortgage Trust
NYMTH offers a high 9.875% yield, but the increased leverage and risk premium signal deteriorating credit quality versus prior NYMT issues. New York Mortgage Trust's financial trends—rising leverage, weak interest coverage, and underperformance—raise red flags for fixed-income investors. NYMTH is priced near par with no upside potential, and sector comparisons show no compelling relative value for this new note.
New York Mortgage Trust: Attractive Near-Term Returns From Baby Bonds
New York Mortgage Trust is a mREIT increasing its reliance on net interest income, pivotting away from direct real estate investments. The company's NYMTI and NYMTG baby bonds offer par value discounts of 2-3%, underperforming the high-yield bond HYG ETF so far this year. Coverage of payments to senior unsecured noteholders has improved in recent quarters.
New York Mortgage Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock Dividends
| NYMTN In 2 months Estimated | Quarterly | $0.5 Per Share |
| NYMTN 3 weeks ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 3 months ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 6 months ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 9 months ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 1 Jul 2024 Paid | Quarterly | $0.5 Per Share |
New York Mortgage Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock Earnings
| 29 Jul 2025 (In 3 days) Date | | - Cons. EPS | - EPS |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 19 Feb 2025 Date | | - Cons. EPS | - EPS |
| 30 Oct 2024 Date | | - Cons. EPS | - EPS |
| 31 Jul 2024 Date | | - Cons. EPS | - EPS |
| NYMTN In 2 months Estimated | Quarterly | $0.5 Per Share |
| NYMTN 3 weeks ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 3 months ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 6 months ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 9 months ago Paid | Quarterly | $0.5 Per Share |
| NYMTN 1 Jul 2024 Paid | Quarterly | $0.5 Per Share |
| 29 Jul 2025 (In 3 days) Date | | - Cons. EPS | - EPS |
| 29 Apr 2025 Date | | - Cons. EPS | - EPS |
| 19 Feb 2025 Date | | - Cons. EPS | - EPS |
| 30 Oct 2024 Date | | - Cons. EPS | - EPS |
| 31 Jul 2024 Date | | - Cons. EPS | - EPS |
New York Mortgage Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN) FAQ
What is the stock price today?
On which exchange is it traded?
What is its stock symbol?
Does it pay dividends? What is the current yield?
What is its market cap?
When is the next earnings date?
Has New York Mortgage Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock ever had a stock split?
New York Mortgage Trust, Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock Profile
| REIT - Mortgage Industry | Real Estate Sector | Jason T. Serrano CEO | NASDAQ (NGS) Exchange | US6496048819 ISIN |
| US Country | 70 Employees | 23 Jun 2025 Last Dividend | 9 Mar 2023 Last Split | 24 Jun 2004 IPO Date |
Overview
New York Mortgage Trust, Inc., established in 2003 and based in New York, New York, is a company specializing in acquiring, investing in, financing, and managing an array of mortgage-related assets within the United States. The company primarily focuses on single-family and multi-family residential assets. As a real estate investment trust (REIT), New York Mortgage Trust benefits from certain tax advantages, including the exemption from federal corporate income taxes provided it allocates at least 90% of its taxable income to shareholders.
Products and Services
The comprehensive portfolio of New York Mortgage Trust, Inc. covers a wide range of mortgage, residential housing, and credit-related assets, each tailored to meet the diverse needs of its clientele. The following are its key products and services:
- Residential Loans: This includes business purpose loans which are tailored towards investors and entrepreneurs seeking financing for residential properties.
- Structured Multi-Family Property Investments: The company invests in preferred equity and provides mezzanine loans to owners of multi-family properties, offering flexible financial solutions for property development and acquisition.
- Non-Agency Residential Mortgage-Backed Securities (RMBS): These are securities backed by mortgage loans not guaranteed by government agencies, offering an alternative investment vehicle with potential for high returns.
- Agency RMBS: In contrast, these are mortgage-backed securities that are guaranteed by government agencies, presenting a more secure investment option with lower risk.
- Commercial Mortgage-Backed Securities (CMBS): These are securities backed by commercial rather than residential mortgages, suitable for investors looking to diversify their portfolio into commercial real estate.
- Single-Family Rental Properties: The company invests in properties designated for rental, providing an avenue for generating steady income through property leasing.
- Other Mortgage, Residential Housing, and Credit-Related Assets: New York Mortgage Trust also deals in various other financial assets linked to the housing market and credit sectors, showcasing its broad operational scope.
Contact Information
