KBWY - New York Mortgage Trust: Headwinds Of Rising Interest Rates And Inflation

• Along with the rest of the mREIT sector, NYMT has underperformed the market by a wide margin YTD.
• The macroeconomic conditions are completely unfavorable to invest in an mREIT right now.
• The economic uncertainty poses high risks which may lead to a dividend cut, trumping the upside of a 13%+ yielding stock.
• I am neutral on the stock because of high inflation and rising interest rates bearing down on the company's financial statements.

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