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Keefe, Bruyette & Woods increased their price target on shares of New York Mortgage Trust (NASDAQ:NYMT) from $7.00 to $7.25 in a research note issued on Thursday. Keefe, Bruyette & Woods’ price objective indicates a potential downside of 7.76% from the company’s current price.

Separately, analysts at Zacks downgraded shares of New York Mortgage Trust from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 3rd. They now have a $8.60 price target on the stock. Six research analysts have rated the stock with a hold rating, New York Mortgage Trust presently has an average rating of “Hold” and a consensus target price of $7.80.

Shares of New York Mortgage Trust (NASDAQ:NYMT) traded up 0.06% during mid-day trading on Thursday, hitting $7.865. The stock had a trading volume of 232,717 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 $7.77 and a 200-day moving average of $7.62. The company has a market cap of $713.2 million and a price-to-earnings ratio of 6.35.

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

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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