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New York Mortgage ( (NYMT) ) has provided an announcement.
On September 3, 2025, New York Mortgage Trust, Inc. will rebrand to Adamas Trust, Inc., reflecting its focus on strength and long-term vision. The rebranding includes a change in Nasdaq trading symbols and the launch of a new corporate website. The company also announced a significant acquisition of $2.1 billion in residential assets, marking a 164% increase from the previous quarter, indicating its strategic growth and expansion in the real estate sector.
The most recent analyst rating on (NYMT) stock is a Hold 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 a mixed financial performance with strong balance sheet but declining revenues, a neutral technical outlook, and a high dividend yield. Positive earnings call guidance and strategic acquisitions provide growth potential, but profitability challenges remain.
To see Spark’s full report on NYMT stock, click here.
More about New York Mortgage
New York Mortgage Trust, Inc. is an internally managed real estate investment trust focused on strategically deploying capital across complementary businesses to generate durable earnings and long-term value for stockholders. The company combines disciplined portfolio management with an operating platform designed to capture opportunities across real estate and capital markets.
Average Trading Volume: 647,974
Technical Sentiment Signal: Hold
Current Market Cap: $652.1M
For a thorough assessment of NYMT stock, go to TipRanks’ Stock Analysis page.