UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on New York Mortgage Trust After In-Line 4Q Results

In a report published Wednesday, Deutsche Bank reiterated its Buy rating on New York Mortgage Trust NYMT, and slightly raised its price target from $7.25 to $7.50. Deutsche Bank noted, “We view NYMT's 4Q results as basically in line, as core EPS was 1c below our estimate while BVPS was basically unchanged sequentially at $6.50 per share. We expect core EPS to benefit in 2013 as the mix of credit-sensitive assets increases. We are maintaining our Buy rating and increasing our target to $7.50 per share.” New York Mortgage Trust closed on Tuesday at $7.15.