New York Mortgage Trust (NASDAQ:NYMTN) Trading 0.9% Higher – Time to Buy?

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) traded up 0.9% on Monday . The stock traded as high as $22.16 and last traded at $22.09. 2,037 shares changed hands during trading, a decline of 77% from the average session volume of 8,685 shares. The stock had previously closed at $21.89.

New York Mortgage Trust Stock Down 1.0 %

The stock has a 50 day moving average price of $22.54 and a 200-day moving average price of $22.36.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 8.97%. The ex-dividend date 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.