New York Mortgage Trust (NYMT) Given a $6.00 Price Target by Keefe, Bruyette & Woods Analysts

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.

Hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC acquired a new stake in New York Mortgage Trust during the 3rd quarter valued at approximately $115,000. ETRADE Capital Management LLC lifted its stake in shares of New York Mortgage Trust by 4.2% in the 2nd quarter. ETRADE Capital Management LLC now owns 21,127 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 851 shares during the period. BNP Paribas Arbitrage SA lifted its stake in shares of New York Mortgage Trust by 183.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 21,139 shares of the real estate investment trust’s stock valued at $131,000 after purchasing an additional 13,679 shares during the period. Sei Investments Co. lifted its stake in shares of New York Mortgage Trust by 50.4% in the 2nd quarter. Sei Investments Co. now owns 23,931 shares of the real estate investment trust’s stock valued at $149,000 after purchasing an additional 8,018 shares during the period. Finally, Prospera Financial Services Inc lifted its stake in shares of New York Mortgage Trust by 12.9% in the 2nd quarter. Prospera Financial Services Inc now owns 24,754 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 2,824 shares during the period. Institutional investors and hedge funds own 37.76% of the company’s stock.

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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.

Analyst Recommendations for New York Mortgage Trust (NASDAQ:NYMT)

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