Stock Rating Upgrade
The Value Trend Rating for New York Mortgage Trust Inc (NASDAQ: NYMT) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 3/8/24, New York Mortgage Trust Inc (NASDAQ: NYMT) stock rose modestly by 0.6%, closing at $7.21. However, this advance was accompanied by below average trading volume at 81% of normal. Relative to the market the stock has been weak over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
NYMT is expected to continue to be a Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
New York Mortgage Trust has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR's two proprietary measures of a stock's attractiveness. New York Mortgage Trust has a good Appreciation Score of 77 but a poor Power Rating of 15, leading to the Low Neutral Value Trend Rating.