Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
New York Mortgage ( (NYMT) ) has issued an announcement.
On June 13, 2025, New York Mortgage Trust, Inc. entered into an equity distribution agreement with JonesTrading Institutional Services LLC to sell up to $50 million of its preferred stock in at-the-market offerings. The company plans to use the proceeds for general corporate purposes, including acquiring targeted assets. Additionally, on June 12, 2025, the company amended its indenture for 5.75% Senior Notes due 2026, revising the Net Debt to Equity Ratio to not exceed 8.00 to 1.00, following a successful consent solicitation.
The most recent analyst rating on (NYMT) stock is a Buy with a $7.00 price target. To see the full list of analyst forecasts on New York Mortgage stock, see the NYMT Stock Forecast page.
Spark’s Take on NYMT Stock
According to Spark, TipRanks’ AI Analyst, NYMT is a Neutral.
The overall score reflects strong technical indicators and positive earnings call outcomes, indicating potential growth and stability. However, challenges in financial performance and valuation due to negative profitability and declining revenues moderate the score.
To see Spark’s full report on NYMT stock, click here.
More about New York Mortgage
New York Mortgage Trust, Inc. operates in the financial industry, focusing on mortgage-related assets. The company primarily deals with acquiring and managing mortgage-backed securities, residential housing, and credit-related assets.
Average Trading Volume: 756,932
Technical Sentiment Signal: Hold
Current Market Cap: $624M
Find detailed analytics on NYMT stock on TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue