Many New York Mortgage Trust, Inc.(NYMT) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Company shares were Reiterated by Maxim Group on Dec 19, 2016 to Buy, Raises Price Target to $ 7 from a previous price target of $6.75 .
Company has reported several Insider transactions to the SEC, on Jun 10, 2016, Kevin M. Donlon (President) purchased 58,004 shares at 6.30 per share price.On Aug 10, 2015, Steven R Mumma (CEO) purchased 15,000 shares at 6.67 per share price.On Aug 10, 2015, Kristine Rimando Nario (CFO) purchased 2,200 shares at 6.59 per share price.
New York Mortgage Trust Inc Last issued its quarterly earnings results on Nov 1, 2016. The company reported $0.18 EPS for the quarter. Analyst had a consensus estimate of $0.18. The company had revenue of $15.52 million for the quarter, compared to analysts expectations of $18.23 million. The companys revenue was down -15.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.20 EPS.
New York Mortgage Trust, Inc. (NASDAQ:NYMT) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2.2 by 5 Brokerage Firm. 2 Wall Street Firms have rated the stock as a strong buys. 3 Brokerage Firms have advised hold.
New York Mortgage Trust, Inc. (NASDAQ:NYMT): The mean short term price target for New York Mortgage Trust, Inc. (NASDAQ:NYMT) has been established at $6.25 per share. The higher price target estimate is at $7 and the lower price target estimate is expected at $5 according to 6 Analyst. The stock price is expected to vary based on the estimate which is suggested by the standard deviation value of $0.71
New York Mortgage Trust, Inc. (NASDAQ:NYMT) witnessed a decline in the market cap on Tuesday as its shares dropped 1.2% or 0.08 points. After the session commenced at $6.65, the stock reached the higher end at $6.66 while it hit a low of $6.535. With the volume soaring to 706,526 shares, the last trade was called at $6.58. The company has a 52-week high of $7.04. The company has a market cap of $734 million and there are 111,562,258 shares in outstanding. The 52-week low of the share price is $3.89.
New York Mortgage Trust is a real estate investment trust focused on owning and managing a leveraged portfolio of residential mortgage securities and a mortgage origination business. The mortgage portfolio is comprised largely of prime adjustable-rate and hybrid mortgage loans and securities, much of which, over time will be originated by NYMTs wholly owned mortgage origination business, The New York Mortgage Company, a taxable real estate investment trust subsidiary.