New York Mortgage Trust (NYMT, Financial) experienced a significant stock price increase of 5.02%, reaching $5.97 per share. The trading volume was 534,719 shares, with a turnover rate of 0.59% and a volatility of 6.16%. Recent financial reports show the company achieved a revenue of $135 million, a net profit of $42.85 million, and earnings per share of $0.36. The price-to-earnings ratio stands at -17.53. Among analysts, 38% recommend buying the stock, while 62% suggest holding it.
In the real estate investment trust sector, where NYMT operates, the overall increase was 1.39%. Notable performers include Hudson Pacific Properties and Ashford Trust. New York Mortgage Trust focuses on acquiring, investing, and managing mortgage-related assets, with a portfolio mainly consisting of agency residential mortgage-backed securities and multifamily loans concentrated in California, Texas, and New York.
