Maxim Group Keeps a Buy Rating on New York Mortgage Trust (NYMT)
In a report issued on July 2, Michael Diana from Maxim Group maintained a Buy rating on New York Mortgage Trust (NYMT), with a price target of $6.75. The company’s shares closed yesterday at $6.17.
According to TipRanks.com, Diana is a 5-star analyst with an average return of 6.4% and a 58.0% success rate. Diana covers the Financial sector, focusing on stocks such as First Savings Financial Group, Manhattan Bridge Capital Inc, and Arlington Asset Investment.
Currently, the analyst consensus on New York Mortgage Trust is a Moderate Buy with an average price target of $6.75.
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New York Mortgage Trust’s market cap is currently $1.16B and has a P/E ratio of 9.72. The company has a Price to Book ratio of 1.06.
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New York Mortgage Trust, Inc. operates as a real estate investment trust, which acquires, invests and manages primarily mortgage-related assets and financial assets. Its investment portfolio includes structured multi-family property, residential mortgage loans, non-Agency RMBS, Agency RMBS, and certain other mortgage-related and residential housing-related assets. The company was founded on September 26, 2003 and is headquartered in New York, NY.