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NYMTZ - Why Mortgage REITs Plunged Today

New York Mortgage Trust Inc. 7.000% Series G Cumulative Redeemable Preferred Stock $0.01 par value per share
  • Mortgage REIT indexes fell by more than 3% midday and closed down more than 2%.
  • The drop, significantly larger than the dip for S&P 500, was not driven by fundamentals.
  • Instead, there were a few factors coming into play.
  • We see opportunities for investors to buy the dip, but only in some names.

For further details see:

Why Mortgage REITs Plunged Today
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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