New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report) shares were up 0.5% on Tuesday . The company traded as high as $23.04 and last traded at $23.00. Approximately 9,089 shares traded hands during trading, an increase of 15% from the average daily volume of 7,927 shares. The stock had previously closed at $22.88.
New York Mortgage Trust Price Performance
The stock’s 50 day simple moving average is $22.77 and its 200 day simple moving average is $22.38.
New York Mortgage Trust Company Profile
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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