New York Mortgage Trust (NASDAQ:NYMTZ) Shares Down 2% – Should You Sell?

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) traded down 2% during mid-day trading on Monday . The stock traded as low as $19.92 and last traded at $20.05. 21,677 shares changed hands during trading, an increase of 189% from the average session volume of 7,509 shares. The stock had previously closed at $20.45.

New York Mortgage Trust Stock Down 2.0 %

The stock has a 50 day moving average price of $20.82 and a 200 day moving average price of $19.69.

New York Mortgage Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Tuesday, October 1st were issued a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a yield of 8.73%. The ex-dividend date was Tuesday, October 1st.

New York Mortgage Trust Company Profile

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.