New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report)’s share price dropped 0.4% on Tuesday . The stock traded as low as $24.81 and last traded at $24.81. Approximately 13,058 shares traded hands during mid-day trading, an increase of 91% from the average session volume of 6,842 shares. The stock had previously closed at $24.91.
New York Mortgage Trust Stock Performance
The stock’s 50-day moving average is $24.52 and its two-hundred day moving average is $24.03.
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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