New York Mortgage Trust (NASDAQ:NYMTZ) Trading Down 1.8%

New York Mortgage Trust, Inc. (NASDAQ:NYMTZ – Get Rating) shares traded down 1.8% on Friday . The stock traded as low as $16.11 and last traded at $16.11. 6,869 shares were traded during trading, a decline of 18% from the average session volume of 8,408 shares. The stock had previously closed at $16.41.

New York Mortgage Trust Stock Performance

The firm has a 50 day moving average price of $16.68 and a two-hundred day moving average price of $16.93.

New York Mortgage Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, April 15th. Shareholders of record on Saturday, April 1st were issued a dividend of $0.4375 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $1.75 annualized dividend and a yield of 10.86%.

New York Mortgage Trust Company Profile

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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, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets.