On a relative basis, the stock has outperformed the S&P 500 by 1.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has risen by 0.34% in the past week indicating that the buyers are active at lower levels, but the stock is down -1% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.54% and the 50-Day Moving Average is 4.57%.The 200 Day SMA reached 8.35% New York Mortgage Trust Inc. has dropped 9.48% during the last 3-month period . Year-to-Date the stock performance stands at 11.07%.
New York Mortgage Trust (NYMT) : The consensus price target for New York Mortgage Trust (NYMT) is $6.2 for the short term with a standard deviation of $0.74. The most optimist securities analyst among the 5 who monitor the stock believes that the stock can reach $7, however, the pessimist price target for the company is $5.
Company shares have received an average consensus rating of Hold for the current week New York Mortgage Trust (NASDAQ:NYMT): stock was range-bound between the intraday low of $5.88 and the intraday high of $6.08 after having opened at $6.07 on Fridays session. The stock finally closed in the red at $6.07, a loss of -0.67%. The stock remained in the red for the whole trading day. The total traded volume was 1,608,412 shares. The stock failed to cross $6.08 in Fridays trading. The stocks closing price on Thursday was $5.92.
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.