NYMTN News and Press, New York Mortgage Trust Inc. 8.00% Series D Fixed-to-Floating Rate Cumulative Redeemable Preferred Stock From 02/22/22

Prices plunged. It wasn’t a surprise. Investors were overpaying and got spanked. Some mortgage REITs are trading at bargain prices now, but beware the fool’s yield. For further details see: Why Mortgage REITs Got Crushed

The following slide deck was published by New York Mortgage Trust, Inc. in conjunction with their 2021 Q4 earnings call. For further details see: New York Mortgage Trust, Inc. 2021 Q4 - Results - Earnings Call Presentation

There are some great opportunities in the securities we cover. It took several months for these opportunities to open up, but they are finally available again. If only investors had the stomach to buy when others are scared. Thankfully, some of the shares remain less attractive. I...

New York Mortgage Trust, Inc. (NYMT) Q4 2021 Earnings Conference Call February 18, 2022 9:00 AM ET Company Participants Steve Mumma – Executive Chairman Jason Serrano – Chief Executive Officer Kristine Nario – Chief Financial Officer Conference Call Participants Eric Hage...

The probability of a mistake from the Federal Reserve increased. Rather than relying on market prices, the Federal Reserve relies on the prices that were paid. Seems reasonable, but the prices paid could be under old contracts. By ignoring clear signs about changes in market price...

As the market tumbles, high yielding preferred shares are going on sale. Some of these shares are usually quite stable, so these sales are rare. We’ve shifted from having almost zero bullish ratings in the sector to more than half bullish outlooks. We’re sharing ...

History demonstrates that these shares go on sale when investors are worried about how quickly interest rates are changing. Prices have been higher even when interest rates were higher. It’s all about the speed. Friday’s close saw some opportunities going from good t...

Last fall, the New York Mortgage Trust (NYMT) used the proceeds of a newly issued Preferred (NYMTZ) to redeem all the shares of a higher coupon Preferred issued in 2013. Last summer, they redeemed NYMTO by issuing a new Preferred (NYMTL). Both times NYMT cut their interest cost by abo...

We will share one of our picks that recently went on sale. It’s also one of our larger allocations. The sudden dip has less to do with current interest rates and more to do with the speed at which interest rates changed. Discounting future cash flows doesn't explain the cha...

With the specter of higher interest rates from the Fed, we like the interest rate protection from these two preferred stocks. These undervalued preferreds provide the strongest protection against rising interest rates. With the highest "floating-rate" of their peer class, they sec...