New York Mortgage Trust Inc (NYMT) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.10 earnings per share for the quarter, missing the analyst consensus estimate by $-0.08. Analysts had a consensus of $0.18. Analysts expectations of $19.15 million. During the same quarter in the previous year, the company posted $0.20 EPS.
New York Mortgage Trust Inc opened for trading at $6.52 and hit $6.57 on the upside on Friday, eventually ending the session at $6.54, with a gain of 0.31% or 0.02 points. The heightened volatility saw the trading volume jump to 8,62,821 shares. Company has a market cap of $716 M.
In a different news, on Jun 10, 2016, Kevin M. Donlon (President) purchased 58,004 shares at $6.30 per share price. According to the SEC, on Aug 10, 2015, Steven R Mumma (CEO) purchased 15,000 shares at $6.67 per share price. On Aug 10, 2015, Kristine Rimando Nario (CFO) purchased 2,200 shares at $6.59 per share price, according to the Form-4 filing with the securities and exchange commission.
New York Mortgage Trust Inc. is a real estate investment trust (REIT). The Company acquires invests in finances and manages primarily mortgage-related assets. The Company’s portfolio includes certain credit sensitive assets and investments sourced from distressed markets. Its targeted assets include residential mortgage loans including distressed residential loans multi-family commercial mortgage-backed securities (CMBS) mezzanine loans to and preferred equity investments in owners of multi-family properties equity and debt securities issued by entities that invest in commercial real estate-related debt investments and Agency RMBS. The Company invests in other commercial real estate-related investments such as the origination or acquisition of mezzanine loans to and preferred equity investments in owners of multi-family properties with a focus on conventional apartments cooperative housing associations student housing and other related property types.