New York Mortgage Trust (NYMT) has been under a strong bear grip, hence the stock is down -4.45% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1% in the past 1 week. The stock has risen by 1.51% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.57% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.94% and the 50-Day Moving Average is 2.5%.The 200 Day SMA reached 10.94%. New York Mortgage Trust Inc. has dropped 0.82% during the last 3-month period . Year-to-Date the stock performance stands at 13.51%.
New York Mortgage Trust (NASDAQ:NYMT): After opening at $6, the stock dipped to an intraday low of $6 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.09 and the buying power remained strong till the end. The stock closed at $6.05 for the day, a gain of 1.17% for the day session. The total traded volume was 805,883. The stocks close on the previous trading day was $5.98.
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.