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DOW   31,496.30
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S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
S&P 500   3,841.94
DOW   31,496.30
QQQ   308.68
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TheStreet Upgrades New York Mortgage Trust (NASDAQ:NYMT) to "C-"

Last updated on Saturday, February 27, 2021 | 2021 MarketBeat

New York Mortgage Trust (NASDAQ:NYMT) was upgraded by TheStreet from a "d+" rating to a "c-" rating in a research note issued on Thursday, TheStreetRatingsTable reports.

A number of other analysts also recently weighed in on NYMT. Maxim Group raised shares of New York Mortgage Trust from a "hold" rating to a "buy" rating and set a $4.50 price target for the company in a report on Wednesday, November 11th. Zacks Investment Research cut New York Mortgage Trust from a "buy" rating to a "hold" rating in a research note on Wednesday. Bank of America lifted their price target on New York Mortgage Trust from $3.00 to $3.50 and gave the company a "neutral" rating in a research note on Wednesday, November 25th. Finally, BTIG Research assumed coverage on New York Mortgage Trust in a research report on Monday, November 23rd. They issued a "neutral" rating on the stock. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. The stock has a consensus rating of "Hold" and a consensus price target of $3.67.

Shares of NASDAQ NYMT opened at $4.17 on Thursday. The business has a fifty day moving average price of $3.90 and a two-hundred day moving average price of $3.23. The stock has a market capitalization of $1.58 billion, a PE ratio of -4.17 and a beta of 2.00. The company has a debt-to-equity ratio of 1.31, a current ratio of 45.25 and a quick ratio of 45.25. New York Mortgage Trust has a fifty-two week low of $0.98 and a fifty-two week high of $6.15.

New York Mortgage Trust (NASDAQ:NYMT) last posted its quarterly earnings results on Wednesday, February 24th. The real estate investment trust reported $0.18 EPS for the quarter, beating the Zacks' consensus estimate of $0.09 by $0.09. On average, equities analysts expect that New York Mortgage Trust will post -1.29 EPS for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of NYMT. Two Sigma Securities LLC acquired a new stake in New York Mortgage Trust during the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. boosted its position in New York Mortgage Trust by 125.5% during the 4th quarter. Meeder Asset Management Inc. now owns 7,650 shares of the real estate investment trust's stock worth $28,000 after buying an additional 4,258 shares during the period. Mercer Global Advisors Inc. ADV acquired a new stake in New York Mortgage Trust in the third quarter valued at $32,000. OmniStar Financial Group Inc. bought a new position in New York Mortgage Trust during the 4th quarter worth $38,000. Finally, Compton Capital Management Inc. RI bought a new position in New York Mortgage Trust during the 4th quarter worth $39,000. Institutional investors and hedge funds own 53.30% of the company's stock.

About New York Mortgage Trust

New York Mortgage Trust, Inc acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non-qualified mortgage loans, second mortgages, residential bridge loans, and other residential mortgage loans; non-agency residential mortgage-backed securities(RMBS); agency RMBS and CMBS; and other mortgage-related, residential housing-related, and credit-related assets.

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Analyst Recommendations for New York Mortgage Trust (NASDAQ:NYMT)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]


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