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New York Mortgage ( (NYMT) ) has shared an update.
On July 8, 2025, New York Mortgage Trust, Inc. completed the issuance and sale of $90 million in 9.875% Senior Notes due 2030, including a partial exercise of an over-allotment option by underwriters. The notes, issued at 100% of the principal amount, are senior unsecured obligations and bear interest payable quarterly. The company intends to use the approximately $86.6 million net proceeds for general corporate purposes, including acquiring targeted mortgage and credit-related assets.
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. is a Maryland-based company operating in the financial sector, primarily focusing on mortgage-related assets and residential housing investments. The company is involved in acquiring, managing, and financing mortgage-related and residential housing-related assets.
Average Trading Volume: 750,059
Technical Sentiment Signal: Buy
Current Market Cap: $598.7M
See more data about NYMT stock on TipRanks’ Stock Analysis page.