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New York Mortgage Trust Inc is a real estate investment trust for federal income tax purposes, in the business of acquiring, investing in, financing and managing mortgage-related and residential housing-related assets. The company's investment portfolio consists of Structured multi-family property investments such as multi-family CMBS an preferred equity in, and mezzanine loans to owners of multi-family properties. Distressed residential assets such as residential mortgage loans sourced from distressed markets and non-Agency RMBS. Second mortgages, Agency RMBS, and certain other mortgage-related and residential housing-related assets.
New York Mortgage Trust, Inc. - 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock trades on the NASDAQ stock market under the symbol NYMTM.
As of March 28, 2024, NYMTM stock price climbed to $23.03 with 6,100 million shares trading.
NYMTM has a market cap of $5.89 billion. This is considered a Mid Cap stock.
In the last 3 years, NYMTM stock traded as high as $26.30 and as low as $16.51.
NYMTM has underperformed the market in the last year with a price return of +27.6% while the SPY ETF gained +33.7%. NYMTM has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.7% and 0.0%, respectively, while the SPY returned +10.2% and +1.8%, respectively.
NYMTM support price is $22.66 and resistance is $23.12 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NYMTM stock will trade within this expected range on the day.