NYMTM - Big Cheap Mortgage REITs

October, 13 2020 11:33 PM New York Mortgage Trust Inc. 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock

We’re focusing on the two big REITs today, talking about our bullish outlooks on American Capital Agency Corp. and Annaly Capital Management.
Besides being big, they both have big discounts to NAV, internal management, and lower-than-average recurring operating expenses.
Discounts to book value (or NAV) are the start of your mortgage REIT analysis, but not the end.
In this series, we’re providing readers with the discounts to trailing book values throughout the sector and a few notes on the current environment.
When we provide an index card for an individual mortgage REIT, it includes our most recent estimate on book values.

For further details see:

Company Name:	New York Mortgage Trust Inc. 7.875% Series E Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
Stock Symbol:	NYMTM
Market:	NYSE
Website:	nymtrust.com