New York Mortgage traded at $9.93 this Monday August 24th, decreasing $0.02 or 0.15 percent since the previous trading session. Looking back, over the last four weeks, New York Mortgage lost 12.91 percent. Over the last 12 months, its price rose by 39.01 percent. Looking ahead, we forecast New York Mortgage to be priced at 9.73 by the end of this quarter and at 9.12 in one year, according to Trading Economics global macro models projections and analysts expectations.
New York Mortgage Trust, Inc. is a real estate investment trust (REIT). The Company is engaged in acquiring, investing in, financing and managing primarily mortgage-related single-family and multi-family residential assets. The Company’s objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest margin and capital gains from a diversified investment portfolio. Its investment portfolio includes credit sensitive single-family and multi-family assets. Its targeted investments include residential loans, second mortgages and business purpose loans, structured multi-family property investments, such as preferred equity in, and mezzanine loans to, owners of multi-family properties, as well as joint venture equity investments in multi-family properties, non-agency residential mortgage-backed securities (RMBS), agency RMBS, commercial mortgage-backed securities (CMBS) and credit-related assets.