Barclays (LON:BARC) analyst Mark Devries maintained a Hold rating on New York Mortgage (NASDAQ:NYMT) Trust on Thursday, setting a price target of $3.5, which is approximately 7.89% below the present share price of $3.8.
Devries expects New York Mortgage Trust to post earnings per share (EPS) of $0.24 for the fourth quarter of 2020.
The current consensus among 5 TipRanks analysts is for a Hold rating of shares in New York Mortgage, with an average price target of $3.83.
The analysts price targets range from a high of $4.5 to a low of $3.5.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $106.25 million and a net profit of $0. The company's market cap is $1.43 billion.
According to TipRanks.com, Barclays analyst Mark Devries is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 12.3% and a 62.54% success rate.
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.