New York Mortgage Trust (NASDAQ:NYMTZ) Stock Price Down 0.2% – Should You Sell?

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) dropped 0.2% during mid-day trading on Monday . The company traded as low as $19.24 and last traded at $19.31. Approximately 1,253 shares were traded during trading, a decline of 76% from the average daily volume of 5,191 shares. The stock had previously closed at $19.34.

New York Mortgage Trust Stock Performance

The company’s 50 day moving average is $19.32 and its 200 day moving average is $19.84.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were paid a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend was Tuesday, December 31st.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; and other mortgage, residential housing, and credit-related assets.