New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report)’s stock price shot up 0.1% during trading on Monday . The company traded as high as $23.66 and last traded at $23.62. 2,825 shares were traded during mid-day trading, a decline of 64% from the average session volume of 7,927 shares. The stock had previously closed at $23.60.
New York Mortgage Trust Price Performance
The stock has a fifty day simple moving average of $23.26 and a two-hundred day simple moving average of $22.73.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a specialty finance company organized as a Maryland corporation in June 1988 and headquartered in West Palm Beach, Florida. The company elected to be taxed as a real estate investment trust (REIT) in 2005 and maintains a publicly traded equity structure on the NASDAQ. Through its operating subsidiary, New York Mortgage Trust focuses on the acquisition, financing and management of mortgage-related assets with the objective of generating current income for shareholders.
The firm’s investment portfolio is concentrated in residential mortgage-backed securities (RMBS), including both agency and non-agency pools, as well as whole residential mortgage loans.
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