New York Mortgage Trust (NASDAQ:NYMTL) Stock Price Down 0.6% – Here’s What Happened

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTL) were down 0.6% during trading on Monday . The stock traded as low as $22.30 and last traded at $22.35. Approximately 20,741 shares were traded during mid-day trading, an increase of 139% from the average daily volume of 8,692 shares. The stock had previously closed at $22.48.

New York Mortgage Trust Stock Down 0.6 %

The stock’s fifty day simple moving average is $21.71 and its 200-day simple moving average is $20.78.

New York Mortgage Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were given a $0.4297 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date was Tuesday, October 1st.

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.