New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report)’s share price was up 0.1% during trading on Thursday . The stock traded as high as $24.3350 and last traded at $24.3350. Approximately 1,505 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 6,842 shares. The stock had previously closed at $24.3216.
New York Mortgage Trust Stock Performance
The firm’s fifty day moving average price is $24.23 and its two-hundred day moving average price is $23.65.
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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