New York Mortgage Trust (NASDAQ:NYMTN) Trading 0% Higher – Should You Buy?

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTN) traded up 0% during trading on Tuesday . The stock traded as high as $21.85 and last traded at $21.48. 8,124 shares changed hands during trading, a decline of 18% from the average session volume of 9,898 shares. The stock had previously closed at $21.47.

New York Mortgage Trust Stock Performance

The firm has a fifty day moving average price of $21.40 and a 200 day moving average price of $22.21.

New York Mortgage Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Tuesday, April 1st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 9.31%. The ex-dividend date of this dividend was Tuesday, April 1st.

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.