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New York Mortgage Trust posts 4Q profit

NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Tuesday reported fourth-quarter net income of $30.6 million.

The New York-based company said it had net income of 21 cents per share.

The real estate investment trust posted revenue of $127.6 million in the period. Its adjusted revenue was $15 million.

For the year, the company reported profit of $92 million, or 66 cents per share. Revenue was reported as $58 million.

New York Mortgage Trust shares have fallen 10 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $5.54, a decline of 15 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