New York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report)’s share price rose 0.1% on Thursday . The stock traded as high as $25.13 and last traded at $25.1076. Approximately 17,109 shares traded hands during mid-day trading, a decline of 24% from the average daily volume of 22,614 shares. The stock had previously closed at $25.08.
New York Mortgage Trust Trading Up 0.1%
The company’s 50-day simple moving average is $24.97 and its 200-day simple moving average is $24.92.
New York Mortgage Trust Company Profile
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.
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