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down 3.64 %

NEW YORK MORTGAGE T (NYMT) rated Buy with price target $7 by Maxim Group

Posted on: Monday,  Nov 9, 2015  8:25 AM ET by Maxim Group

Maxim Group rated Buy NEW YORK MORTGAGE T (NASDAQ: NYMT) on 11/09/2015. Previously Maxim Group rated Buy NEW YORK MORTGAGE T (NASDAQ: NYMT)
on 07/26/2012., when the stock price was $6.85. Since then, NEW YORK MORTGAGE T has lost 3.65% as of 01/26/2016's recent price of $6.60.
If you would have followed the previous Maxim Group's recommendation on NYMT, you would have lost 3.64% of your investment in 1279 days.

New York Mortgage Trust, Inc. (NYMT) together with its consolidated subsidiaries is a self-advised real estate investment trust (REIT). The Company invests primarily in real estate-related assets, including residential adjustable-rate mortgage-backed securities, which includes collateralized mortgage obligation floating rate securities (RMBS), and prime credit quality residential adjustable-rate mortgage (ARM) loans (prime ARM loans), and to a lesser extent, in certain alternative real estate-related and financial assets. As of December 31, 2008, its investment portfolio included approximately $197.7 million of collateralized mortgage obligation floating rate securities issued by the Federal National Mortgage Association (Fannie Mae), or the Federal Home Loan Mortgage Corporation (Freddie Mac).

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/9/2015 8:25 AM Buy
5.57 7.00
as of 8/27/2015
1 Week down  -6.64 %
1 Month down  -17.80 %
3 Months down  -16.03 %
1 YTD down  -5.57 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/26/2012 11:25 AM Buy
6.85 7.00

(*) Stock Price at the time of the recommendation.
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