New York Mortgage Trust (NASDAQ:NYMT) Given New $10.00 Price Target at Keefe, Bruyette & Woods

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

Institutional investors and hedge funds have recently bought and sold shares of the company. CI Private Wealth LLC acquired a new stake in shares of New York Mortgage Trust during the 4th quarter valued at about $41,000. Virtu Financial LLC acquired a new stake in shares of New York Mortgage Trust in the 4th quarter valued at $259,000. Susquehanna Fundamental Investments LLC boosted its holdings in New York Mortgage Trust by 55.4% in the fourth quarter. Susquehanna Fundamental Investments LLC now owns 137,345 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 48,945 shares in the last quarter. Schonfeld Strategic Advisors LLC acquired a new position in New York Mortgage Trust during the fourth quarter worth $55,000. Finally, Squarepoint Ops LLC bought a new position in New York Mortgage Trust during the fourth quarter valued at about $117,000. Hedge funds and other institutional investors own 53.62% of the company’s stock.

New York Mortgage Trust Company Profile

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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.