New York Mortgage Trust Sets New 1-Year High at $8.14 (NYMT)
New York Mortgage Trust (NASDAQ:NYMT) shares hit a new 52-week high on Monday , Analyst Ratings News reports. The stock traded as high as $8.14 and last traded at $8.12, with a volume of 521,531 shares. The stock had previously closed at $8.05.
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. Seven research analysts have rated the stock with a hold rating, New York Mortgage Trust has a consensus rating of “Hold” and an average target price of $7.53.
The stock has a 50-day moving average of $7.63 and a 200-day moving average of $7.37. The company has a market cap of $734.3 million and a P/E ratio of 7.38.
New York Mortgage Trust (NASDAQ:NYMT) last announced its earnings results on Tuesday, May 6th. The company reported $0.29 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.26 by $0.03.
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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