Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report) fell 0.1% during trading on Tuesday . The stock traded as low as $23.07 and last traded at $23.1050. 5,459 shares traded hands during trading, a decline of 31% from the average session volume of 7,927 shares. The stock had previously closed at $23.1350.
New York Mortgage Trust Stock Performance
The company’s 50-day simple moving average is $23.42 and its 200 day simple moving average is $22.86.
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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