New York Mortgage Trust, Inc. (NASDAQ:NYMTN – Get Free Report)’s stock price dropped 0.4% on Wednesday . The company traded as low as $22.3250 and last traded at $22.35. Approximately 14,596 shares were traded during mid-day trading, an increase of 24% from the average daily volume of 11,816 shares. The stock had previously closed at $22.44.
New York Mortgage Trust Stock Performance
The stock’s fifty day moving average is $22.11 and its 200-day moving average is $21.81.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a specialty finance company organized as a real estate investment trust (REIT) that focuses on generating income through investments in mortgage-related assets. The company operates as an externally managed REIT, with its common and preferred shares traded on the Nasdaq. Headquartered in New York City, New York Mortgage Trust deploys capital primarily across a variety of residential mortgage-backed securities (RMBS) and other asset-backed mortgage investments.
The firm’s investment portfolio typically includes agency and non-agency RMBS, commercial mortgage-backed securities (CMBS), and whole mortgage loans secured by residential properties.
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