New York Mortgage Trust, Inc. (NYMT Quick QuoteNYMT - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $5.45–$6.46 in the past one-month time frame, showed a sharp increase yesterday.

The company has not seen any estimate revisions over the past one month, while the Zacks Consensus Estimate for the current quarter also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

New York Mortgage Trust currently has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

A better-ranked stock in the REIT and Equity Trust industry is Ladder Capital Corp (LADR Quick QuoteLADR - Free Report) , which currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is NYMT going up? Or down? Predict to see what others think: Up or Down

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