New York Mortgage Trust (NASDAQ:NYMTN) Shares Up 0.1% – Here’s Why
New York Mortgage Trust, Inc. (NASDAQ:NYMTN – Get Free Report) shares rose 0.1% during mid-day trading on Tuesday . The company traded as high as $22.97 and last traded at $22.95. Approximately 11,371 shares traded hands during trading, an increase of 33% from the average daily volume of 8,547 shares. The stock had previously closed at $22.92.
New York Mortgage Trust Trading Up 0.1 %
The firm has a fifty day simple moving average of $22.53 and a 200-day simple moving average of $22.50.
New York Mortgage Trust Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 8.72%. The ex-dividend date of this dividend was Tuesday, December 31st.
New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.
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