New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report) shares traded up 0.7% during trading on Friday . The stock traded as high as $24.28 and last traded at $24.28. 2,944 shares were traded during trading, a decline of 57% from the average session volume of 6,842 shares. The stock had previously closed at $24.12.
New York Mortgage Trust Stock Up 0.3%
The firm’s 50 day moving average is $23.75 and its 200-day moving average is $23.20.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a specialty finance company organized as a Maryland corporation in June 1988 and headquartered in West Palm Beach, Florida. The company elected to be taxed as a real estate investment trust (REIT) in 2005 and maintains a publicly traded equity structure on the NASDAQ. Through its operating subsidiary, New York Mortgage Trust focuses on the acquisition, financing and management of mortgage-related assets with the objective of generating current income for shareholders.
The firm’s investment portfolio is concentrated in residential mortgage-backed securities (RMBS), including both agency and non-agency pools, as well as whole residential mortgage loans.
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