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New York Mortgage Trust (NYMT) Catches Eye: Stock Jumps 6.2%

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New York Mortgage Trust, Inc. NYMT was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 35.6% in the past one-month time frame.

The company has seen one positive estimate revision in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved higher over the past few months, suggesting that more solid trading could be ahead for New York Mortgage Trust. So make sure to keep an eye on this stock going forward to see if this recent jump can turn into more strength down the road. 

New York Mortgage Trust currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

New York Mortgage Trust, Inc. Price

New York Mortgage Trust, Inc. Price
New York Mortgage Trust, Inc. Price

New York Mortgage Trust, Inc. price | New York Mortgage Trust, Inc. Quote

A better-ranked stock in the REIT and Equity Trust industry is Blackstone Mortgage Trust, Inc. BXMT, holding a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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New York Mortgage Trust, Inc. (NYMT) : Free Stock Analysis Report
 
Blackstone Mortgage Trust, Inc. (BXMT) : Free Stock Analysis Report
 
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