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New York Mortgage Trust (NASDAQ:NYMT)‘s stock had its “hold” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Thursday. They currently have a $8.25 price objective on the stock, up from their previous price objective of $8.00. Deutsche Bank’s price objective would suggest a potential upside of 4.96% from the stock’s previous close.

New York Mortgage Trust (NASDAQ:NYMT) traded up 0.13% during mid-day trading on Thursday, hitting $7.87. The stock had a trading volume of 683,114 shares. New York Mortgage Trust has a 52 week low of $5.55 and a 52 week high of $8.17. The stock has a 50-day moving average of $7.75 and a 200-day moving average of $7.62. The company has a market cap of $713.7 million and a price-to-earnings ratio of 6.35.

New York Mortgage Trust (NASDAQ:NYMT) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. During the same quarter in the previous year, the company posted $0.19 earnings per share.

Separately, analysts at Keefe, Bruyette & Woods raised their price target on shares of New York Mortgage Trust from $7.00 to $7.25 in a research note on Thursday. They now have a “market perform” rating on the stock. Six equities research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average target price of $7.66.

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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