New York Mortgage Trust, Inc. (NASDAQ:NYMTN – Get Free Report)’s stock price fell 0.8% during trading on Tuesday. The stock traded as low as $23.51 and last traded at $24.0335. Approximately 6,776 shares changed hands during mid-day trading, a decline of 53% from the average daily volume of 14,287 shares. The stock had previously closed at $24.23.
New York Mortgage Trust Stock Performance
The company has a 50 day simple moving average of $24.53 and a 200 day simple moving average of $23.74.
New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc is a real estate investment trust that invests primarily in residential mortgage-related assets. The company seeks to generate income through a portfolio that may include residential mortgage-backed securities, residential mortgage loans, and other investments tied to the U.S. housing market.
Its portfolio can include both agency and non-agency mortgage assets, as well as credit-sensitive investments and other residential real estate-related assets. Agency securities are generally backed by government-sponsored entities or federal agencies, while non-agency investments carry greater exposure to borrower credit and housing-market conditions.
New York Mortgage Trust is internally managed and focuses on residential real estate investments across the United States.
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