New York Mortgage Trust, Inc. (NASDAQ:NYMTN – Get Free Report)’s share price traded up 0.3% on Thursday . The company traded as high as $23.94 and last traded at $23.8771. 8,656 shares changed hands during trading, a decline of 39% from the average daily volume of 14,287 shares. The stock had previously closed at $23.80.
New York Mortgage Trust Trading Up 0.3%
The firm has a 50-day moving average of $23.36 and a 200 day moving average of $22.70.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a specialty finance company organized as a real estate investment trust (REIT) that focuses on generating income through investments in mortgage-related assets. The company operates as an externally managed REIT, with its common and preferred shares traded on the Nasdaq. Headquartered in New York City, New York Mortgage Trust deploys capital primarily across a variety of residential mortgage-backed securities (RMBS) and other asset-backed mortgage investments.
The firm’s investment portfolio typically includes agency and non-agency RMBS, commercial mortgage-backed securities (CMBS), and whole mortgage loans secured by residential properties.
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