New York Mortgage Trust, Inc. (NASDAQ:NYMT) has earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $6.35.
A number of analysts have recently issued reports on NYMT shares. Zacks Investment Research upgraded New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $7.00 price target for the company in a research report on Wednesday, November 8th. BidaskClub upgraded New York Mortgage Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. Maxim Group reiterated a “buy” rating and set a $6.50 price target on shares of New York Mortgage Trust in a research report on Monday, November 6th. TheStreet upgraded New York Mortgage Trust from a “d+” rating to a “c” rating in a research report on Thursday, November 2nd. Finally, Barclays lifted their price target on New York Mortgage Trust from $5.00 to $6.00 and gave the company an “equal weight” rating in a research report on Tuesday, October 10th.
Shares of New York Mortgage Trust (NYMT) opened at $6.39 on Monday. The stock has a market capitalization of $714.75, a PE ratio of 11.83 and a beta of 1.37. The company has a current ratio of 71.04, a quick ratio of 71.04 and a debt-to-equity ratio of 13.26. New York Mortgage Trust has a 12-month low of $5.90 and a 12-month high of $7.04.
About New York Mortgage Trust
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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