New York Mortgage Trust (NASDAQ:NYMTL) Trading Up 0.5% – Should You Buy?

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) was up 0.5% during mid-day trading on Tuesday . The company traded as high as $21.70 and last traded at $21.79. Approximately 6,697 shares traded hands during trading, a decline of 42% from the average daily volume of 11,640 shares. The stock had previously closed at $21.68.

New York Mortgage Trust Stock Performance

The stock has a 50-day moving average price of $21.58 and a 200-day moving average price of $21.93.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be given a dividend of $0.4297 per share. This represents a $1.72 dividend on an annualized basis and a dividend yield of 7.89%. The ex-dividend date is Tuesday, July 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.