New York Mortgage Trust (NYMT) : Zacks Investment Research ranks New York Mortgage Trust (NYMT) as 3, which is a Hold recommendation. 2 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 2.2, which indicates as a Buy.
New York Mortgage Trust (NYMT) : Average target price received by New York Mortgage Trust (NYMT) is $5.7 with an expected standard deviation of $0.57. The most aggressive target on the stock is $7, whereas the most downbeat target is $5. 5 financial analysts are currently covering the stock.
Company shares have received an average consensus rating of Hold for the current week
New York Mortgage Trust (NASDAQ:NYMT): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $6.21 and $6.16 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.23, notching a gain of 1.14% for the day. The total traded volume was 1,057,717 . The stock had closed at $6.16 on the previous day.
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.