New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report)’s stock price shot up 0.1% on Tuesday . The company traded as high as $25.6945 and last traded at $25.6250. 10,769 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 18,355 shares. The stock had previously closed at $25.60.
New York Mortgage Trust Price Performance
The stock has a 50 day moving average of $25.33 and a two-hundred day moving average of $25.22.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a mortgage real estate investment trust (REIT) that seeks to provide shareholders with attractive risk-adjusted returns through the acquisition and management of a diversified portfolio of residential mortgage-related assets. The company primarily invests in agency and non-agency residential mortgage-backed securities (RMBS), residential whole loans, mortgage servicing rights (MSRs) and related derivative instruments. By combining a range of mortgage asset classes, New York Mortgage Trust aims to capitalize on opportunities across the credit spectrum and under varying interest rate environments.
In addition to its core RMBS holdings, the company pursues investments in private-label residential securities, home equity loans and other structured products tied to U.S.
Further Reading
- Five stocks we like better than New York Mortgage Trust
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
Receive News & Ratings for New York Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.
