Analyst Price Target is $9.50
▼ -3.06% Downside Potential
This price target is based on 6 analysts offering 12 month price targets for Adamas Trust in the last 3 months. The average price target is $9.50, with a high forecast of $10.00 and a low forecast of $9.00. The average price target represents a -3.06% upside from the last price of $9.80.
Current Consensus is
Moderate Buy
The current consensus among 6 investment analysts is to moderate buy stock in Adamas Trust. This rating changed within the last month from a Hold consensus rating.
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related single-family and multi-family residential assets in the United States. Its targeted investments include residential loans, second mortgages, and business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties, as well as joint venture equity investments in multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); and other mortgage, residential housing, and credit-related assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was incorporated in 2003 and is headquartered in New York, New York.
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