New York Mortgage Trust (NASDAQ:NYMTZ) Shares Down 0.1% – Time to Sell?

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) fell 0.1% on Thursday . The stock traded as low as $18.66 and last traded at $18.75. 9,345 shares traded hands during mid-day trading, an increase of 27% from the average session volume of 7,387 shares. The stock had previously closed at $18.77.

New York Mortgage Trust Stock Up 0.8 %

The firm has a 50 day moving average price of $19.82 and a two-hundred day moving average price of $19.85.

New York Mortgage Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Wednesday, January 1st will be paid a dividend of $0.4375 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.75 annualized dividend and a yield of 9.26%.

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.