New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report) shares dropped 0% on Monday . The stock traded as low as $24.42 and last traded at $24.44. Approximately 8,092 shares were traded during mid-day trading, an increase of 18% from the average session volume of 6,842 shares. The stock had previously closed at $24.45.
New York Mortgage Trust Trading Down 0.3%
The firm’s fifty day moving average is $24.33 and its 200-day moving average is $23.84.
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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