New York Mortgage Trust (NASDAQ:NYMTL) Trading Up 0.2% – What’s Next?

New York Mortgage Trust, Inc. (NASDAQ:NYMTL) shares were up 0.2% during mid-day trading on Friday . The stock traded as high as $22.29 and last traded at $22.20. Approximately 1,617 shares changed hands during trading, a decline of 79% from the average daily volume of 7,534 shares. The stock had previously closed at $22.15.

New York Mortgage Trust Stock Performance

The firm’s 50 day simple moving average is $22.37 and its 200-day simple moving average is $21.85.

New York Mortgage Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st were paid a dividend of $0.4297 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.72 annualized dividend and a yield of 7.74%.

About New York Mortgage Trust

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.