New York Stock To Go Ex-dividend Tomorrow (NYMT)

NEW YORK (TheStreet) -- The ex-dividend date for New York Mortgage (Nasdaq:NYMT) is tomorrow, December 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 35 cents per share. At a price of $7.25 as of 9:30 a.m. ET, the dividend yield is 13.7%.

The average volume for New York has been 104,300 shares per day over the past 30 days. New York has a market cap of $81.7 million and is part of the financial sector and real estate industry. Shares are up 3.9% year to date as of the close of trading on Tuesday.

New York Mortgage Trust, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets. The company has a P/E ratio of 9.4, above the average real estate industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates New York as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and poor profit margins. You can view the full New York Ratings Report.

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• New York Mortgage Trust Income Statement