New York Mortgage Trust (NYMT) : Zacks Investment Research ranks New York Mortgage Trust (NYMT) as 4, which is a Sell 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) : Currently there are 5 street experts covering New York Mortgage Trust (NYMT) stock. The most bullish and bearish price target for the stock is $7 and $5 respectively for the short term. The average price target of all the analysts comes to $5.7. The estimated standard deviation from the target is $0.57.
New York Mortgage Trust (NASDAQ:NYMT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $5.99 and $5.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $6.14. The buying momentum continued till the end and the stock did not give up its gains. It closed at $6.11, notching a gain of 1.83% for the day. The total traded volume was 832,394 . The stock had closed at $6.00 on the previous day.
The company shares have dropped -22.18% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $8.05 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $6.05 and the 200 Day Moving Average price is recorded at $5.19.
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.