Somewhat Favorable Media Coverage Somewhat Unlikely to Impact New York Mortgage Trust (NYMT) Stock Price
Media headlines about New York Mortgage Trust (NASDAQ:NYMT) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. New York Mortgage Trust earned a news impact score of 0.17 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 45.4783403101357 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
NYMT has been the subject of a number of recent research reports. Zacks Investment Research upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating and set a $7.00 price objective for the company in a report on Wednesday, November 8th. BidaskClub upgraded shares of New York Mortgage Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Maxim Group reiterated a “buy” rating and issued a $6.50 price objective on shares of New York Mortgage Trust in a report on Monday, November 6th. TheStreet upgraded shares of New York Mortgage Trust from a “d+” rating to a “c” rating in a report on Thursday, November 2nd. Finally, Barclays increased their price objective on shares of New York Mortgage Trust from $5.00 to $6.00 and gave the company an “equal weight” rating in a report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $6.35.
Shares of New York Mortgage Trust (NYMT) opened at $6.39 on Friday. New York Mortgage Trust has a one year low of $5.90 and a one year high of $7.04. The company has a quick ratio of 71.04, a current ratio of 71.04 and a debt-to-equity ratio of 13.26. The firm has a market cap of $714.75, a P/E ratio of 11.83 and a beta of 1.37.
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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.
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