New York Mortgage Trust (NASDAQ:NYMTZ) Stock Price Up 0.4% – Still a Buy?

Shares of New York Mortgage Trust, Inc. (NASDAQ:NYMTZ) were up 0.4% during trading on Friday . The stock traded as high as $19.29 and last traded at $19.38. Approximately 473 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 6,605 shares. The stock had previously closed at $19.29.

New York Mortgage Trust Stock Performance

The stock’s 50 day moving average is $19.46 and its two-hundred day moving average is $19.80.

New York Mortgage Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Wednesday, January 1st were paid a dividend of $0.4375 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.75 annualized dividend and a dividend yield of 9.03%.

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.