New York Mortgage Trust (NASDAQ:NYMTL) Trading 0.8% Higher – Time to Buy?

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) traded up 0.8% during mid-day trading on Monday . The company traded as high as $22.16 and last traded at $22.13. 5,373 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 11,785 shares. The stock had previously closed at $21.95.

New York Mortgage Trust Stock Up 0.8%

The stock’s fifty day simple moving average is $21.36 and its 200-day simple moving average is $21.99.

New York Mortgage Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Tuesday, April 1st were issued a dividend of $0.4297 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.77%. The ex-dividend date was Tuesday, April 1st.

About New York Mortgage Trust

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.