U.S. Markets closed

New York Mortgage Trust (NYMT) in Focus: Stock Moves 6.6% Higher

Zacks Equity Research
1 / 2

NetApp (NTAP) Set To Report Q4 Earnings: Is A Beat In Store?

NetApp (NTAP) fourth-quarter results are likely to benefit from ongoing transition of product mix to growth oriented sectors like all-flash arrays and hybrid cloud.

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 stock, trading within a volatile range of $5.45–$6.46 in the past one-month time frame, showed a sharp increase yesterday.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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. Quote

A better-ranked stock in the REIT and Equity Trust industry is Ladder Capital Corp LADR, which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is NYMT going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Ladder Capital Corp (LADR) : Free Stock Analysis Report
 
New York Mortgage Trust, Inc. (NYMT) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research