New York Mortgage Trust (NASDAQ:NYMTZ) Trading Up 0.1% – Here’s Why

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ)’s share price shot up 0.1% during mid-day trading on Wednesday . The company traded as high as $21.04 and last traded at $20.98. 9,139 shares were traded during mid-day trading, an increase of 17% from the average session volume of 7,809 shares. The stock had previously closed at $20.95.

New York Mortgage Trust Price Performance

The business’s 50-day simple moving average is $20.11 and its 200-day simple moving average is $19.22.

New York Mortgage Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Tuesday, October 1st were issued a dividend of $0.4375 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.75 dividend on an annualized basis and a yield of 8.34%.

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.