Credit Suisse analyst Douglas Harter reiterated a Hold rating on New York Mortgage (NYMT – Research Report) today and set a price target of $12.00. The company’s shares closed last Friday at $9.81.
Harter covers the Financial sector, focusing on stocks such as Chimera Investment, UWM Holding, and Apollo Real Estate. According to TipRanks, Harter has an average return of 16.9% and a 63.54% success rate on recommended stocks.
In addition to Credit Suisse, New York Mortgage also received a Hold from KBW’s Bose George in a report issued on May 10. However, on May 9, Maxim Group maintained a Buy rating on New York Mortgage (NASDAQ: NYMT).
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The company has a one-year high of $12.43 and a one-year low of $7.66. Currently, New York Mortgage has an average volume of 745.1K.
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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.
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