New York Mortgage Trust (NASDAQ:NYMT) stock is expected to deviate a maximum of $0.57 from the average target price of $5.7 for the short term period. 5 Street Experts have initiated coverage on the stock with the most promising target being $7 and the most muted being $5.
Other Equity analysts have also commented on the company shares. Deutsche Bank maintains its rating on New York Mortgage Trust (NASDAQ:NYMT). The global brokerage major lowers the current price target from $6.75 per share to $6 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on February 25, 2016.
New York Mortgage Trust (NASDAQ:NYMT): On Thursdays trading session , Opening price of the stock was $5.95 with an intraday high of $6.05. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.64. However, the stock managed to close at $5.99, a loss of 4.77% for the day. On the previous day, the stock had closed at $6.29. The total traded volume of the day was 2,297,813 shares.
The company shares have dropped -18.42% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $7.85 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $5.94 and the 200 Day Moving Average price is recorded at $5.15. On the companys insider trading activities, Donlon Kevin M., officer (President) of New York Mortgage Trust Inc had purchased 58,004 shares on June 9, 2016 in a transaction. The price per share was $6.3 and the total amount of the disclosed transaction was $365,425.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
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.