New York Mortgage Trust (NASDAQ:NYMT) has climbed 3.32% in the past week and advanced 17.2% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 4.56% and the outperformance has advanced to 16.14% for the last 4 weeks period.
New York Mortgage Trust (NASDAQ:NYMT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.48 and $6.40 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.55. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.54, notching a gain of 2.35% for the day. The total traded volume was 2,314,017 . The stock had closed at $6.39 on the previous day.
The company shares have dropped -18.15% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $8.05 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.83 and the 200 Day Moving Average price is recorded at $5.14.
On the companys insider trading activities, Donlon Kevin M., officer (President) of New York Mortgage Trust Inc had purchased 58,004 shares on June 9, 2016 in a transaction. The price per share was $6.3 and the total amount of the disclosed transaction was $365,425.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
Currently the company Insiders own 0.61% of New York Mortgage Trust shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 7583.27% . Institutional Investors own 28.36% of New York Mortgage Trust shares. During last six month period, the net percent change held by insiders has seen a change of 7583.27%.
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company acquires, invests in, finances, and manages primarily mortgage-related assets. The Companys portfolio includes certain credit sensitive assets and investments sourced from distressed markets. Its targeted assets include residential mortgage loans, including distressed residential loans, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in commercial real estate-related debt investments and Agency RMBS. The Company invests in other commercial real estate-related investments, such as the origination or acquisition of mezzanine loans to and preferred equity investments in owners of multi-family properties, with a focus on conventional apartments, cooperative housing associations, student housing and other related property types.