New York Mortgage Trust (NASDAQ:NYMTM) Trading Down 0.1% – Time to Sell?

New York Mortgage Trust, Inc. (NASDAQ:NYMTM)’s share price dropped 0.1% on Tuesday . The company traded as low as $24.72 and last traded at $24.75. Approximately 25,773 shares were traded during trading, an increase of 25% from the average daily volume of 20,584 shares. The stock had previously closed at $24.78.

New York Mortgage Trust Trading Down 0.1%

The business has a fifty day simple moving average of $24.44 and a two-hundred day simple moving average of $24.68.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.6918 per share. 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.