New York Mortgage Trust (NASDAQ:NYMT) stock price target bumped up to $6.25, released a ratings update earlier today by FBR & Co.
- Updated: October 10, 2016
Reporting a potential upside of 0.04%, FBR & Co. upped the price target of New York Mortgage Trust (NASDAQ:NYMT) to $6.25
Having a price of $6.02, New York Mortgage Trust (NASDAQ:NYMT) traded 0.18% higher on the day. With the last stock price up -1.80% from the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the same period. NYMT has recorded a 50-day average of $5.99 and a two hundred day average of $5.81. Trade Volume was down over the average, with 536,072 shares of NYMT changing hands under the typical 809,888
Recent Performance Chart
New York Mortgage Trust has PE ratio of 12.92 with a one year low of $3.82 and a one year high of $6.68 and has a market capitalization of $0.
General Company Details For New York Mortgage Trust (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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