On a relative basis, the stock has outperformed the S&P 500 by 0.04% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The 4-week change in the price of the stock is -0.5% and the stock has fallen -0.33% in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.12% and the 50-Day Moving Average is 2.43%.The 200 Day SMA reached 9.61%
New York Mortgage Trust (NASDAQ:NYMT): After opening at $6.03, the stock dipped to an intraday low of $6.01 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $6.09 and the buying power remained strong till the end. The stock closed at $6.02 for the day, a gain of 0.17% for the day session. The total traded volume was 803,223. The stocks close on the previous trading day was $6.02.
New York Mortgage Trust (NYMT) stock is expected to deviate a maximum of $0.74 from the average target price of $6.2 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.
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.