New York Mortgage Trust (NASDAQ:NYMTN) Trading Up 0.7% – Should You Buy?

New York Mortgage Trust, Inc. (NASDAQ:NYMTN)’s stock price was up 0.7% during trading on Monday . The stock traded as high as $22.44 and last traded at $22.11. Approximately 11,316 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 9,557 shares. The stock had previously closed at $21.95.

New York Mortgage Trust Stock Up 0.7%

The firm has a 50 day moving average price of $21.70 and a 200 day moving average price of $22.32.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Tuesday, April 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $2.00 dividend on an annualized basis and a yield of 9.05%.

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.