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NYMTZ - High Yield Slashed 18%
March, 18 2022 02:37 AM
New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
One of the mortgage REITs has already announced a monster dividend cut. Don't expect that dividend to recover. Assigning ratings using target price-to-book value ratios continues to work. That's how we determined shares were a strong buy during April 2020. Since then, we hit the shares with a bunch of bearish ratings as prices climbed too far. Before the plunge, of course. One of our latest picks put together an abrupt rally. Sorry about that. I brought it to you quickly. For further details see:
High Yield Slashed 18%
Stock Information
Company Name:
New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
Stock Symbol:
NYMTZ
Market:
NASDAQ
Website:
nymtrust.com
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