NEW YORK (AP) _ New York Mortgage Trust Inc. (NYMT) on Thursday reported third-quarter earnings of $101.6 million.

The New York-based company said it had profit of 23 cents per share. Earnings, adjusted for non-recurring gains, were 7 cents per share.

The real estate investment trust posted revenue of $45.4 million in the period. Its adjusted revenue was $25.5 million.

In the final minutes of trading on Thursday, the company's shares hit $2.76. A year ago, they were trading at $6.15.

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