New York Mortgage Trust (NASDAQ:NYMTN) Stock Price Up 0.1% – What’s Next?

New York Mortgage Trust, Inc. (NASDAQ:NYMTN) shot up 0.1% during mid-day trading on Tuesday . The stock traded as high as $22.97 and last traded at $22.95. 11,371 shares changed hands during trading, an increase of 33% from the average session volume of 8,547 shares. The stock had previously closed at $22.92.

New York Mortgage Trust Stock Performance

The business has a 50 day moving average price of $22.53 and a 200-day moving average price of $22.50.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, December 31st. This represents a $2.00 annualized dividend and a dividend yield of 8.72%.

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.