Published Mon, 27 Aug 2018 08:00:00 -0400 on Seeking Alpha
This research report was produced by The REIT Forum with assistance from Big Dog Investments.
Many investors are hunting attractive yields to their portfolio. Today, we bring you 3 options.
NYMT’s preferred shares For investors interested in The REIT Forum’s preferred share ratings, see my guide to preferred shares. I also have a guide for preferred share dividend captures.
New York Mortgage Trust (NYMT) has 3 preferred shares we will be looking at. The market loves NYMT and prices them at a high valuation. Yet, we view the company as carrying a significant amount of credit risk and having high operating expenses. Our view on the common stock is a sell. However, we do believe that the preferred shares can offer a good opportunity for investors willing to take on more risk.
Source: CWMF’s subscriber spreadsheet (subscription required for 50+ preferred shares and baby bonds with comparing prices)
NYMTN is significantly better than NYMTP and NYMTO. The N series of preferred share is comfortably within the hold range:
Investors should note that the preferred shares do carry a risk rating of “4” which is at the high end of our 1-5 rating system. That being said, investors who are interested in the common stock should be looking to invest in NYMTN. They currently have a stripped yield of 8.36% which is higher than the other two preferred shares. Further, NYMTN has other metrics in its favor:
NYMTN has the most... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|NEW YORK MORTGAGE TRUST||6.24||12.2||0.51||0.80||12.99|
Older articles featuring New York Mortgage Trust (NYMT):100 Low-Priced/High-Yield Dividend Dogs: Get 'Em While They're Hot
Fully Assessing AGNC Investment's Results For Q2 2019 (Includes August-October 2019 Dividend Projection)
Your 50 Top U.S. REITs By Gains And Yield Per July 22 Broker Targets
AGNC Investment's Q2 2019 Income Statement And Earnings Projection - Part 2 (Includes Dividend Sustainability...
Annaly Capital's Dividend, BV, And Valuation Vs. 19 mREIT Peers (Includes Q3-Q4 2019 Dividend Projection) - Part 2
Global X SuperDividend REIT ETF: 8% Yield Comes With Higher Risk
Cherry Hill Mortgage's Dividend Sustainability Analysis (Includes Q2-Q4 2019 Dividend Projection And Recommendation)
78 Most Valuable Dividend Dogs Frolic In June
Annaly Capital's Dividend, BV, And Valuation Versus 19 mREIT Peers (Post Q1 2019 Earnings) - Part 1
New York Mortgage Trust: Healthy Margin Of Safety With This 8.3% Yielding Preferred