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||6.08||9.6||0.63||0.80||13.22|
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