New York Mortgage Trust (NASDAQ:NYMTM) Stock Price Down 0.6% – Time to Sell?

New York Mortgage Trust, Inc. (NASDAQ:NYMTM)’s stock price traded down 0.6% during mid-day trading on Monday . The company traded as low as $24.90 and last traded at $24.91. 16,344 shares changed hands during trading, a decline of 1% from the average session volume of 16,522 shares. The stock had previously closed at $25.05.

New York Mortgage Trust Stock Performance

The firm has a 50-day simple moving average of $25.01 and a 200 day simple moving average of $24.41.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Wednesday, January 1st were given a $0.4922 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.97 annualized dividend and a yield of 7.83%.

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.