New York Mortgage Trust (NYMT) : 2 brokerage houses believe that New York Mortgage Trust (NYMT) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on New York Mortgage Trust (NYMT). Zacks Investment Research suggests a Sell with a rank of 4.The median of all the 5 Wall Street Analysts endorse the stock as a Buy with a rating of 2.2.
New York Mortgage Trust (NYMT) : The highest short term price target forecast on New York Mortgage Trust (NYMT) is $7 and the lowest target price is $5. A total of 5 equity analysts are currently covering the company. The average price of all the analysts is $6.2 with a standard deviation of $0.74.
Also, Equity Analysts at the Brokerage Firm, Keefe Bruyette & Woods, maintains their rating on the shares of New York Mortgage Trust (NASDAQ:NYMT). Keefe Bruyette & Woods has a Market Perform rating on the shares. As per the latest research report, the brokerage house raises the price target to $6.75 per share from a prior target of $6.5. The rating by the firm was issued on August 9, 2016.
New York Mortgage Trust (NASDAQ:NYMT): After opening at $5.92, the stock dipped to an intraday low of $5.86 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.96 and the buying power remained strong till the end. The stock closed at $5.96 for the day, a gain of 1.36% for the day session. The total traded volume was 572,486. The stocks close on the previous trading day was $5.88.
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.