▼ -5.51% Downside Potential
This price target is based on 6 analysts offering 12 month price targets for New York Mortgage Trust in the last 3 months. The average price target is $4.38, with a high forecast of $6.00 and a low forecast of $2.50. The average price target represents a -5.51% upside from the last price of $4.63.
The current consensus among 6 contributing investment analysts is to hold stock in New York Mortgage Trust. This rating has held steady since January 2020, when it changed from a Buy 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.