New York Mortgage Trust, Inc. (NYMTG) Research
New York Mortgage Trust, Inc. operates within the United States, primarily focusing on the acquisition, investment, financing, and management of residential assets linked to mortgages, encompassing both single-family and multi-family properties. Its extensive portfolio includes a variety of investment vehicles such as residential loans (including those for business purposes), both agency and non-agency residential mortgage-backed securities (RMBS), and structured multi-family property investments. These multi-family investments typically involve providing preferred equity stakes and mezzanine financing to property owners. Furthermore, the company invests in other assets related to mortgages, residential housing, and credit, along with strategic initiatives and commercial mortgage-backed securities (CMBS). Beyond these structured investments, New York Mortgage Trust also engages in the direct ownership and management of single-family rental homes. For federal income tax purposes, the company holds the status of a real estate investment trust (REIT). This classification generally allows it to avoid federal corporate income taxes, provided it distributes at least 90% of its taxable earnings to its shareholders. The firm was established in 2003 and its corporate headquarters are located in New York, New York.
Market snapshot
- Symbol
- NYMTG
- Price
- $24.99
- Day change
- -0.04%
- Market cap
- $820.4M
- P/E ratio
- 7.66x
- 52-week range
- 22.7-25.69
- Sector
- Real Estate
- Industry
- REIT - Diversified
Peer companies
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