New York Mortgage Trust (NASDAQ:NYMT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.2 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.
New York Mortgage Trust (NASDAQ:NYMT): 5 Brokerage firm Analysts have agreed with the mean estimate for the short term price target of $5.7 in New York Mortgage Trust (NASDAQ:NYMT). However, the stock price could fluctuate by $ 0.57 from the estimate as it is suggested by the standard deviation reading. The higher estimate has been put at $7 price target with the lower price estimate is calculated at $5
New York Mortgage Trust (NASDAQ:NYMT) witnessed a decline in the market cap on Tuesday as its shares dropped 0.15% or 0.01 points. After the session commenced at $6.65, the stock reached the higher end at $6.66 while it hit a low of $6.58. With the volume soaring to 1,220,479 shares, the last trade was called at $6.61. The company has a 52-week high of $8.05. The company has a market cap of $723 million and there are 109,409,236 shares in outstanding. The 52-week low of the share price is $3.82.
Shares of New York Mortgage Trust Inc. rose by 5.59% in the last five trading days and 18.46% for the last 4 weeks. New York Mortgage Trust Inc. is up 31.94% in the last 3-month period. Year-to-Date the stock performance stands at 24.02%.
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.