New York Mortgage Trust (NYMT) has been under a strong bear grip, hence the stock is down -8.68% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.32% in the past 1 week. The 4-week change in the price of the stock is -8.87% and the stock has fallen -0.33% in the past 1 week.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 4.82% and the fifty day Moving Average is 4.71%. New York Mortgage Trust Inc. is up 2.58% in the last three month period. Year-to-Date the stock performance stands at 11.82%.
New York Mortgage Trust (NYMT) : The highest level New York Mortgage Trust (NYMT) is projected to reach is $7 for the short term and the lowest estimate is at $5. The consolidated price target from 5 rating analysts who initiate coverage on the stock is $6.15 and the possibility the share price can swing is $0.7.
New York Mortgage Trust (NASDAQ:NYMT): On Fridays trading session , Opening price of the stock was $6.01 with an intraday high of $6.06. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $5.93. However, the stock managed to close at $5.96, a loss of 1.16% for the day. On the previous day, the stock had closed at $6.03. The total traded volume of the day was 664,256 shares.
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.