New York Mortgage Trust, Inc. (NASDAQ:NYMTL – Get Free Report) dropped 1.7% on Wednesday. The company traded as low as $23.50 and last traded at $23.51. Approximately 6,404 shares changed hands during trading, a decline of 6% from the average daily volume of 6,842 shares. The stock had previously closed at $23.91.
New York Mortgage Trust Price Performance
The firm’s fifty day moving average is $24.77 and its two-hundred day moving average is $24.35.
About New York Mortgage Trust
New York Mortgage Trust, Inc is a real estate investment trust (REIT) that invests in and manages a portfolio of mortgage-related assets. The company primarily focuses on residential mortgage loans and securities, including agency and non-agency mortgage-backed securities, residential credit investments, and mortgage servicing-related assets.
Its investment activities also include multifamily and other commercial real estate-related assets. New York Mortgage Trust seeks to generate income from interest payments, investment gains, and other returns associated with its portfolio, while using financing and risk-management strategies typical of mortgage REITs.
Founded in 2003, the company operates in the United States and has historically emphasized residential and multifamily real estate credit markets.
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