▼ -17.84% Downside Potential
This price target is based on 7 analysts offering 12 month price targets for New York Mortgage Trust in the last 3 months. The average price target is $3.50, with a high forecast of $4.50 and a low forecast of $2.50. The average price target represents a -17.84% upside from the last price of $4.26.
The current consensus among 7 polled investment analysts is to hold stock in New York Mortgage Trust. This rating has held steady since August 2020, when it changed from a Buy consensus rating.
New York Mortgage Trust, Inc. acquires, invests in, finances, and manages mortgage-related and residential housing-related assets in the United States. Its investment portfolio includes structured multi-family property investments, such as multi-family commercial mortgage-backed securities and preferred equity in, and mezzanine loans to owners of multi-family properties; residential mortgage loans, including distressed residential mortgage loans, non-qualified mortgage loans, second mortgages, residential bridge loans, and other residential mortgage loans; non-agency residential mortgage-backed securities(RMBS); agency RMBS and CMBS; and other mortgage-related, residential housing-related, 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 founded in 2003 and is headquartered in New York, New York.