New York Mortgage Trust (NASDAQ:NYMT) received a $6.00 price objective from analysts at Keefe, Bruyette & Woods in a research note issued to investors on Sunday, November 12th. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 6.10% from the stock’s previous close.
A number of other equities research analysts have also weighed in on NYMT. BidaskClub upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. TheStreet lowered shares of New York Mortgage Trust from a “c” rating to a “d+” rating in a report on Friday, August 4th. Zacks Investment Research downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 22nd. Barclays lifted their price objective on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 10th. Finally, Maxim Group reaffirmed a “buy” rating and issued a $6.50 price objective on shares of New York Mortgage Trust in a research report on Monday, November 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $6.35.
Shares of New York Mortgage Trust (NASDAQ NYMT) traded down $0.01 on Friday, reaching $6.39. 693,922 shares of the company were exchanged, compared to its average volume of 885,400. New York Mortgage Trust has a one year low of $5.90 and a one year high of $7.04. The company has a market cap of $714.75, a price-to-earnings ratio of 11.83 and a beta of 1.36. The company has a quick ratio of 71.04, a current ratio of 71.04 and a debt-to-equity ratio of 13.26.
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New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.
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