New York Mortgage Trust (NYMT) saw its stock price soar by 5.12% in pre-market trading on Friday, following the release of its strong first-quarter 2025 earnings report and a maintained dividend. The company's performance exceeded expectations, with key financial metrics showing significant improvement.

According to the earnings report, New York Mortgage Trust's Earnings Available for Distribution (EAD) per share increased to $0.20 in Q1 2025, up from $0.16 in the previous quarter. The company also reported a rise in Adjusted Net Interest Income per share to $0.40, compared to $0.36 in the prior quarter and $0.29 a year ago. Importantly, NYMT maintained its dividend at $0.20 per share for the sixth consecutive quarter, providing stability for income-focused investors.

Adding to the positive sentiment, Jones Trading maintained its "Buy" rating on New York Mortgage Trust, reflecting confidence in the company's strategic direction and financial performance. The stock's upward movement was further supported by the company's increased investment activity, with approximately $1.5 billion in Agency RMBS purchases in Q1 2025, nearly four times more than the previous quarter. Despite some challenges, including unrealized losses from derivatives and a slight decrease in net interest spread, investors appear to be focusing on the overall strong performance and maintained dividend.