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 $6.2. The estimated standard deviation from the target is $0.74.
Company shares have received an average consensus rating of Hold for the current week Also, Equity analysts at the Brokerage firm Keefe Bruyette & Woods maintains its rating on New York Mortgage Trust (NASDAQ:NYMT). The rating major has initiated the coverage with market perform rating on the shares. The Analysts at Keefe Bruyette & Woods raises the price target from $6.5 per share to $6.75 per share. The rating by the firm was issued on August 9, 2016.
New York Mortgage Trust (NASDAQ:NYMT): The stock opened at $6.07 and touched an intraday high of $6.18 on Wednesday. During the day, the stock corrected to an intraday low of $6.07, however, the bulls stepped in and pushed the price higher to close in the green at $6.17 with a gain of 1.65% for the day. The total traded volume for the day was 736,853. The stock had closed at $6.07 in the previous trading session.
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.