Analyst Price Target is $12.67
▲ +49.20% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for New York Mortgage Trust in the last 3 months. The average price target is $12.67, with a high forecast of $15.00 and a low forecast of $10.00. The average price target represents a 49.20% upside from the last price of $8.49.
Current Consensus is
The current consensus among 4 investment analysts is to hold stock in New York Mortgage Trust. This Hold consensus rating has held steady for over two years.
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, including business purpose loans; structured multi-family property investments, such as preferred equity in, and mezzanine loans to owners of multi-family properties; non-agency residential mortgage-backed securities (RMBS); agency RMBS; commercial mortgage-backed securities (CMBS); single-family rental properties; 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.