UBS Raises New York Mortgage Price Target to $6.75

UBS analyst Doug Harter has raised the price target on New York Mortgage (NYMT) to $6.75 from $6.50 and maintains a Neutral rating on the shares. The move comes as Harter sees continued growth in the mortgage company's portfolio and increased focus on its real estate finance business.

UBS analyst Doug Harter has recently raised the price target for New York Mortgage Trust (NYMT) to $6.75 from $6.50, while maintaining a Neutral rating on the shares. The move reflects Harter's optimism about the continued growth in NYMT's portfolio and the increased focus on its real estate finance business.

Harter's bullish outlook is supported by NYMT's robust performance, as evidenced by its upcoming Q2 2025 financial results scheduled for release on July 30, 2025, followed by a conference call on July 31, 2025 [2]. The company's active communication with investors through these events underscores its commitment to transparency and engagement.

Analysts' ratings and price targets for NYMT have been generally positive, with two firms issuing buy ratings and a median price target of $8.25 [3]. This indicates a consensus of optimism among Wall Street analysts, further bolstering Harter's confidence in NYMT's prospects.

Institutional investors have also shown interest in NYMT, with 70 adding shares to their portfolios and 80 decreasing their positions in the most recent quarter [2]. This activity suggests a mix of investor sentiment, with some taking a bullish stance and others potentially hedging their bets.

Overall, UBS's price target increase for NYMT reflects a cautious but optimistic view of the company's future performance. As NYMT continues to focus on its real estate finance business and maintains active communication with investors, it will be important to monitor the company's financial results and analyst sentiment.

References:
[1] https://www.tipranks.com/news/the-fly/new-york-mortgage-price-target-raised-to-6-75-from-6-50-at-ubs-thefly
[2] https://www.nasdaq.com/articles/new-york-mortgage-trust-inc-report-q2-2025-financial-results-and-host-conference-call-july
[3] https://www.marketbeat.com/ratings/by-issuer/ubs-group-stock-recommendations/