Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report) rose 0.6% during mid-day trading on Monday . The stock traded as high as $24.3550 and last traded at $24.3550. Approximately 10,224 shares were traded during mid-day trading, an increase of 49% from the average daily volume of 6,842 shares. The stock had previously closed at $24.21.
New York Mortgage Trust Stock Down 0.5%
The company has a fifty day moving average of $24.02 and a 200-day moving average of $23.46.
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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