New York Mortgage Trust, Inc. (NYMT)
New York Mortgage Trust, Inc. operates in the REIT - Mortgage industry of the Real Estate sector, headquartered in New York City, NY, US. The stock last traded at $7.11, down 1.52% on the session, giving a market capitalisation of $642.1M. On trailing twelve-month figures it carries a trailing P/E of 4.80, a net margin of 101.1%. Its beta of 1.39 implies it has historically moved more than the broad market.
New York Mortgage Trust, Inc. is a company primarily engaged in obtaining, funding, overseeing, and investing in a variety of residential mortgage-related assets, spanning both single-family and multi-family properties within the United States. Its comprehensive investment strategy covers a broad spectrum of instruments, including different types of residential loans (such as second mortgages and loans for business purposes), structured investments in multi-family properties (like preferred equity stakes, mezzanine financing for property owners, and joint venture equity contributions), and various mortgage-backed securities. These securities include both government-backed (agency) and non-government-backed (non-agency) residential mortgage-backed securities (RMBS), as well as commercial mortgage-backed securities (CMBS). The company's portfolio also extends to other credit and housing-related assets. Operating as a Real Estate Investment Trust (REIT) for federal tax purposes, the company can typically avoid federal corporate income taxes, provided it distributes at least 90% of its taxable profits to its shareholders. New York Mortgage Trust, Inc. was founded in 2003 and maintains its principal offices in New York, New York.
New York Mortgage Trust, Inc. is most often compared with the following Real Estate names: