New York Mortgage Trust Inc (NASDAQ:NYMT) target price raised to $6.25, reported today by FBR & Co
- Updated: October 9, 2016
Having a price of $6.02, New York Mortgage Trust Inc (NASDAQ:NYMT) traded 0.18% higher on the day. With the last close up -1.80% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. New York Mortgage Trust Inc has recorded a 50-day average of $5.99 and a two hundred day average of $5.81. Volume of trade was down over the average, with 536,072 shares of NYMT changing hands under the typical 809,888
New York Mortgage Trust Inc (NASDAQ:NYMT) had its target price raised to $6.25 by FBR & Co in a report released 10/10/2016. The new target price indicates a possible upside of 0.04% from the company's most recent close.
With a total market value of $0, New York Mortgage Trust Inc has price-earnings ratio of 12.92 with a one year low of $3.82 and a one year high of $6.68 .
More About New York Mortgage Trust Inc (NASDAQ:NYMT)
New York Mortgage Trust, Inc. is a real estate investment trust. The Company is engaged in the business of acquiring, investing in, financing and managing primarily mortgage-related assets and financial assets. Its investment portfolio includes residential mortgage loans, including second mortgages and loans sourced from distressed markets, multi-family commercial mortgage-backed securities (CMBS), mezzanine loans to and preferred equity investments in owners of multi-family properties, equity and debt securities issued by entities that invest in residential and commercial real estate and commercial real estate-related debt investments, and Agency residential mortgage-backed securities (RMBS). It may also acquire and manage various other types of mortgage-related and financial assets, including non-Agency RMBS, collateralized mortgage obligations and securities issued by newly originated residential securitizations, including credit sensitive securities from these securitizations.
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