New York Mortgage Trust Shares Drop to New 12-Month Low
September 29, 2022
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NYMT Stock Intrinsic Value – This is a new low for the company, which has been struggling since early 2020. The company’s stock price has been on a downward trend since then, and today’s new low is just another sign of the company’s struggles. New York Mortgage ($NASDAQ:NYMT) Trust is a real estate investment trust that focuses on investing in mortgage-backed securities.
Many of the company’s investments have lost value, and it has been struggling to generate enough income to cover its expenses. The company’s shares have been under pressure as a result, and today’s new low is just another sign of the company’s struggles.
Price History
News coverage of NEW YORK MORTGAGE TRUST has been mostly positive as of late, with the stock opening at $2.2 on Wednesday and closing at $2.3, up by 4.1% from the prior closing price of $2.2.
VI Analysis – NYMT Stock Intrinsic Value
New York Mortgage Trust is a real estate investment trust that invests in residential mortgage loans, commercial mortgage loans, and other real estate-related assets. The company’s fundamentals reflect its long-term potential, and the VI app makes it easy to analyze them. The fair value of New York Mortgage Trust’s shares is around $2.7, calculated by VI Line. Now, New York Mortgage Trust’s stock is traded at $2.3, a fair price that is undervalued by 14%.
Summary
The company is a real estate investment trust that focuses on acquiring, investing in and managing mortgage-related and residential housing-related assets in the United States. The company’s share price has been under pressure due to concerns about its ability to grow earnings and generate cash flow to cover its dividend payments. Despite the challenges, New York Mortgage Trust has been able to maintain its dividend payments and even raise them in recent years. The company has also made some progress in reducing its exposure to risky loans and increasing its portfolio of higher-quality assets.
The stock may be worth considering for income-oriented investors who are willing to take on some risk. The dividend yield is high and the company’s share price could rebound if the housing market strengthens or if the company is able to successfully execute on its turnaround plan.
