New York Mortgage Trust, Inc. (NASDAQ:NYMT) received a $6.00 price target from equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Sunday. The firm presently has a “hold” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price points to a potential downside of 3.23% from the company’s current price.

Other research analysts also recently issued research reports about the company. BidaskClub upgraded New York Mortgage Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. TheStreet downgraded New York Mortgage Trust from a “c” rating to a “d+” rating in a research note on Friday, August 4th. Zacks Investment Research downgraded New York Mortgage Trust from a “hold” rating to a “sell” rating in a research note on Tuesday, August 22nd. B. Riley restated a “neutral” rating and issued a $6.25 target price on shares of New York Mortgage Trust in a research note on Tuesday, November 7th. Finally, Maxim Group restated a “buy” rating and issued a $6.50 target price on shares of New York Mortgage Trust in a research note on Monday, November 6th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. New York Mortgage Trust currently has an average rating of “Hold” and an average price target of $6.35.

Shares of New York Mortgage Trust (NASDAQ:NYMT) traded down $0.08 during trading on Friday, hitting $6.20. The stock had a trading volume of 651,600 shares, compared to its average volume of 894,961. New York Mortgage Trust has a 1 year low of $5.90 and a 1 year high of $7.04. The stock has a market cap of $693.49, a price-to-earnings ratio of 11.48 and a beta of 1.36. The company has a current ratio of 71.04, a quick ratio of 71.04 and a debt-to-equity ratio of 13.26.

WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.dailypolitical.com/2017/11/13/keefe-bruyette-woods-analysts-give-new-york-mortgage-trust-inc-nymt-a-6-00-price-target.html.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NYMT. Great Lakes Advisors LLC boosted its holdings in New York Mortgage Trust by 20.2% in the second quarter. Great Lakes Advisors LLC now owns 231,588 shares of the real estate investment trust’s stock worth $1,440,000 after acquiring an additional 38,957 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in New York Mortgage Trust by 3.7% in the second quarter. Bank of New York Mellon Corp now owns 555,126 shares of the real estate investment trust’s stock worth $3,452,000 after acquiring an additional 19,728 shares in the last quarter. Vanguard Group Inc. boosted its holdings in New York Mortgage Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 4,515,713 shares of the real estate investment trust’s stock worth $27,862,000 after acquiring an additional 119,586 shares in the last quarter. California Public Employees Retirement System boosted its holdings in New York Mortgage Trust by 1.2% in the first quarter. California Public Employees Retirement System now owns 563,400 shares of the real estate investment trust’s stock worth $3,476,000 after acquiring an additional 6,600 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its holdings in New York Mortgage Trust by 38.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 584,089 shares of the real estate investment trust’s stock worth $3,634,000 after acquiring an additional 163,438 shares in the last quarter. Institutional investors own 36.21% of the company’s stock.

New York Mortgage Trust Company Profile

New York Mortgage Trust, Inc is a real estate investment trust (REIT). The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. The Company’s investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, non-agency residential mortgage-backed securities (RMBS), multi-family commercial mortgage-backed securities, preferred equity and joint venture equity investments in, and mezzanine loans to, owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and agency RMBS.

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

Receive News & Ratings for New York Mortgage Trust Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for New York Mortgage Trust Inc. and related companies with MarketBeat.com's FREE daily email newsletter.