New York Mortgage Trust (NASDAQ:NYMTZ) Trading Down 2% – Should You Sell?

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ)’s share price was down 2% during trading on Monday . The stock traded as low as $19.92 and last traded at $20.05. Approximately 21,677 shares were traded during trading, an increase of 189% from the average daily volume of 7,509 shares. The stock had previously closed at $20.45.

New York Mortgage Trust Price Performance

The company’s 50-day moving average is $20.82 and its two-hundred day moving average is $19.69.

New York Mortgage Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.4375 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.75 annualized dividend and a dividend yield of 8.73%.

New York Mortgage Trust Company Profile

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.