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NYMTN - NYMTN Vs. NYMTM: The Preferred Shares Face Off
New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock
NYMTN is put together a huge rally over the last 10 days. Shares rallied from a solid buy rating up into the neutral range.
Despite being in the neutral range, they still offer investors quite a bit of upside. They just don’t offer quite as much as NYMTM.
Investors can pick which one offers them the best deal at any given time. We find trading between similar preferred shares is a nice way to enhance returns.
We want to highlight why we believe NYMTM is the superior choice relative to NYMTN at this point.
These shares carry a risk rating of 4. Since they are preferred shares, we use a harsher rating scale compared to common shares. However, 4 is higher than average for our preferred shares.