New York Mortgage Trust (NASDAQ:NYMT – Get Rating) had its price target upped by analysts at Keefe, Bruyette & Woods from $2.50 to $10.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has a “market perform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 11.86% from the company’s previous close.
NYMT has been the subject of several other research reports. StockNews.com downgraded shares of New York Mortgage Trust from a “hold” rating to a “sell” rating in a research report on Wednesday. Jonestrading restated a “hold” rating on shares of New York Mortgage Trust in a report on Wednesday, March 1st. Finally, LADENBURG THALM/SH SH downgraded New York Mortgage Trust from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Friday, February 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, New York Mortgage Trust presently has an average rating of “Hold” and an average price target of $13.33.
New York Mortgage Trust Price Performance
NYMT stock opened at $8.94 on Friday. New York Mortgage Trust has a one year low of $8.28 and a one year high of $14.96. The firm has a 50-day moving average of $11.20 and a two-hundred day moving average of $10.83. The firm has a market capitalization of $817.21 million, a PE ratio of -2.48 and a beta of 1.78. The company has a current ratio of 9.77, a quick ratio of 9.77 and a debt-to-equity ratio of 2.36.
Institutional Inflows and Outflows
New York Mortgage Trust Company Profile
New York Mortgage Trust, Inc is a real estate investment trust, which engages in the acquisition, investment, finance, and management of mortgage-related single-family and multi-family residential assets. Its investment portfolio includes credit sensitive single-family and multi-family assets. The company was founded on September 26, 2003 and is headquartered in New York, NY.
- Get a free copy of the StockNews.com research report on New York Mortgage Trust (NYMT)
- MarketBeat Week in Review – 3/13 – 3/17
- This Small Tech With Big Growth Prospects Is Nearing A Buy Point
- Don’t Chase FedEx Higher, Wait For The Pullback
- 3 Stocks For A Defensive Tech Portfolio
- Milk the Dividends on These 3 Cash Cows
Receive News & Ratings for New York Mortgage Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust and related companies with MarketBeat.com's FREE daily email newsletter.