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NYMTN - New York Mortgage Trust: Consider Buying This 8.0%-Yielding Preferred Stock
New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
New York Mortgage Trust, Inc. (NYMT) is a high-yield mortgage REIT for investors with a very high risk tolerance. That said, though, the mortgage REIT also issued preferred shares which allow investors to lower their investment risk while still securing respectable dividend income. In particular, I think New York Mortgage Trust's 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock (NYMTN) is an attractive alternative to the mortgage REIT's common shares and offers attractive value for investors with a low risk tolerance.
New York Mortgage Trust - Preferred Stock Alternative