Maxim Group analyst Michael Diana reiterated a Buy rating on New York Mortgage (NASDAQ:NYMT) Trust on Friday, setting a price target of $5, which is approximately 10.86% above the present share price of $4.51.
Diana expects New York Mortgage Trust to post earnings per share (EPS) of $0.00 for the second quarter of 2021.
The current consensus among 2 TipRanks analysts is for a Moderate Buy rating of shares in New York Mortgage, with an average price target of $5.
The analysts price targets range from a high of $5 to a low of $5.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $81.1 million and a net profit of $0. The company's market cap is $1.71 billion.
According to TipRanks.com, Maxim Group analyst Michael Diana is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.9% and a 57.14% 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.