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New York Mortgage Trust (NASDAQ:NYMT) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the stock, ARN reports. Seven research analysts have rated the stock with a hold recommendation, The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.53.

New York Mortgage Trust (NASDAQ:NYMT) traded down 0.25% on Wednesday, hitting $7.9201. 144,432 shares of the company’s stock traded hands. New York Mortgage Trust has a 1-year low of $5.55 and a 1-year high of $8.12. The stock’s 50-day moving average is $7.50 and its 200-day moving average is $7.31. The company has a market cap of $718.0 million and a P/E ratio of 7.28. New York Mortgage Trust also was the target of a large growth in short interest in May. As of May 15th, there was short interest totalling 5,633,174 shares, a growth of 74.0% from the April 30th total of 3,237,923 shares. Approximately 6.4% of the company’s shares are short sold. Based on an average trading volume of 1,337,546 shares, the short-interest ratio is presently 4.2 days.

New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.03.

A number of analysts have recently weighed in on NYMT shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of New York Mortgage Trust in a research note on Thursday, May 8th. They now have a $8.00 price target on the stock, up previously from $7.75. Separately, analysts at Zacks upgraded shares of New York Mortgage Trust from an “underperform” rating to a “neutral” rating in a research note on Tuesday, May 6th. They now have a $7.50 price target on the stock. Finally, analysts at Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of New York Mortgage Trust in a research note on Monday, April 14th. They now have a $7.00 price target on the stock.

New York Mortgage Trust, Inc (NASDAQ:NYMT), together with its consolidated subsidiaries, is a self-advised real estate investment trust (REIT).

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