Blurbs

Maxim Group Keeps Their Buy Rating on New York Mortgage (NYMT)

In a report released yesterday, Michael Diana from Maxim Group reiterated a Buy rating on New York Mortgage (NYMTResearch Report), with a price target of $4.00. The company’s shares closed yesterday at $2.17.

According to TipRanks, Diana is a 5-star analyst with an average return of 9.0% and a 42.76% success rate. Diana covers the Financial sector, focusing on stocks such as Ellington Financial, New York Mortgage, and AGNC Investment.

Currently, the analyst consensus on New York Mortgage is a Moderate Buy with an average price target of $3.50.

See today’s best-performing stocks on TipRanks >>

Based on New York Mortgage’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $71.9 million. In comparison, last year the company earned a revenue of $73.19 million and had a net profit of $53.24 million

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

New York Mortgage Trust, Inc. operates as a real estate investment trust, which acquires, invests and manages primarily mortgage-related assets and financial assets. Its investment portfolio includes structured multi-family property, residential mortgage loans, non-Agency RMBS, Agency RMBS, and certain other mortgage-related and residential housing-related assets. The company was founded on September 26, 2003 and is headquartered in New York, NY.

Read More on NYMT:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More

Latest News Feed