NYMT - 9% Yield I Just Added To My Portfolio
2024-03-08 10:20:14 ET
Summary
- I just spent $60,000 on these shares with a yield over 9%.
- ARMOUR Residential REIT has not filed their 10-K report on time, but preliminary results suggest positive performance for other mortgage REITs.
- Cherry Hill Mortgage's book value per share dropped over 9%, the worst among the agency mortgage REITs we cover.
- Dynex Capital, AGNC Investment and Annaly Capital Management saw the highest increase in book value per share among agency mortgage REITs.
The mortgage REITs have finished reporting. Well, ARMOUR Residential REIT ( ARR ) is in a strange spot. They haven’t filed a 10-K. They did file a form indicating that they won’t be able to file their 10-K in a timely manner. However, we have the preliminary results and those should be good enough for the assessment.
Today we finally got the update from Cherry Hill Mortgage ( CHMI ). CHMI’s book value per share was garbage. Book value per share fell over 9%....
9% Yield I Just Added To My Portfolio