New York Mortgage Trust Inc has a consensus price target of $7.34 based on the ratings of 10 analysts. The high is $13 issued by Maxim Group on May 9, 2023. The low is $3 issued by Ladenburg Thalmann on February 24, 2023. The 3 most-recent analyst ratings were released by UBS, Keefe, Bruyette & Woods, and B. Riley Securities on May 8, 2024, May 3, 2024, and March 25, 2024, respectively. With an average price target of $8 between UBS, Keefe, Bruyette & Woods, and B. Riley Securities, there's an implied 43.37% upside for New York Mortgage Trust Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for New York Mortgage Trust (NASDAQ:NYMT) was reported by Janney Montgomery Scott on August 13, 2024. The analyst firm set a price target for $0.00 expecting NYMT to fall to within 12 months (a possible -100.00% downside). 5 analyst firms have reported ratings in the last year.
The latest analyst rating for New York Mortgage Trust (NASDAQ:NYMT) was provided by Janney Montgomery Scott, and New York Mortgage Trust initiated their neutral rating.
The last upgrade for New York Mortgage Trust Inc happened on February 23, 2022 when Keefe, Bruyette & Woods raised their price target to $4.5. Keefe, Bruyette & Woods previously had a market perform for New York Mortgage Trust Inc.
The last downgrade for New York Mortgage Trust Inc happened on March 1, 2023 when JonesTrading changed their price target from N/A to N/A for New York Mortgage Trust Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of New York Mortgage Trust, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for New York Mortgage Trust was filed on August 13, 2024 so you should expect the next rating to be made available sometime around August 13, 2025.
While ratings are subjective and will change, the latest New York Mortgage Trust (NYMT) rating was a initiated with a price target of $0.00 to $0.00. The current price New York Mortgage Trust (NYMT) is trading at is $5.58, which is out of the analyst’s predicted range.
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