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New York Mortgage Trust posts 1Q profit

NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Wednesday reported first-quarter net income of $19.2 million.

On a per-share basis, the New York-based company said it had net income of 14 cents.

The real estate investment trust posted revenue of $95.1 million in the period. Its adjusted revenue was $13.9 million.

New York Mortgage Trust shares have decreased roughly 5 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $6.28, a climb of 24 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NYMT at https://www.zacks.com/ap/NYMT


Keywords: New York Mortgage Trust, Earnings Report