New York Mortgage Trust (NASDAQ:NYMTN) Shares Up 0.2% – Time to Buy?

New York Mortgage Trust, Inc. (NASDAQ:NYMTN)’s stock price was up 0.2% during mid-day trading on Tuesday . The stock traded as high as $21.88 and last traded at $21.67. Approximately 10,998 shares changed hands during trading, a decline of 7% from the average daily volume of 11,816 shares. The stock had previously closed at $21.62.

New York Mortgage Trust Trading Up 0.2%

The company has a 50-day moving average of $21.50 and a 200-day moving average of $21.73.

New York Mortgage Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 9.2%.

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.