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Shares of New York Mortgage Trust (NASDAQ:NYMT) moved higher in after-market trading after the company reported Q4 results.
Earnings per share decreased 10.00% over the past year to $0.18, which beat the estimate of $0.09.
Revenue of $25,956,000 decreased by 41.01% year over year, which missed the estimate of $35,370,000.
New York Mortgage Trust hasn't issued any earnings guidance for the time being.
New York Mortgage Trust hasn't issued any revenue guidance for the time being.
Company's 52-week high was at $6.33
Company's 52-week low was at $0.98
Price action over last quarter: Up 58.15%
New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.
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