New York Mortgage Trust (NASDAQ:NYMTM) Stock Price Down 0.6% – What’s Next?
by Tristan Rich · The Markets DailyNew York Mortgage Trust, Inc. (NASDAQ:NYMTM – Get Free Report) was down 0.6% on Tuesday . The company traded as low as $25.0801 and last traded at $25.0801. 6,609 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 18,355 shares. The stock had previously closed at $25.22.
New York Mortgage Trust Stock Up 0.5%
The firm has a fifty day moving average price of $25.25 and a 200-day moving average price of $25.16.
New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc is a mortgage real estate investment trust (REIT) that seeks to provide shareholders with attractive risk-adjusted returns through the acquisition and management of a diversified portfolio of residential mortgage-related assets. The company primarily invests in agency and non-agency residential mortgage-backed securities (RMBS), residential whole loans, mortgage servicing rights (MSRs) and related derivative instruments. By combining a range of mortgage asset classes, New York Mortgage Trust aims to capitalize on opportunities across the credit spectrum and under varying interest rate environments.
In addition to its core RMBS holdings, the company pursues investments in private-label residential securities, home equity loans and other structured products tied to U.S.