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NYMTZ - 7-8% Yielding Consumer-Linked Assets Worth A Look In This Market Environment
New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
Many income portfolios are heavily overweight corporate risk whether through equity or credit-linked securities. Consumer-facing risk offers diversification and good value.
We like consumer-linked securities in this environment due to low household leverage, strong wage growth and high debt interest coverage.
7-8% yielding Mortgage REIT preferreds as well as RMBS/ABS funds are attractive places for new allocations in our view.