NYMTP News and Press, New York Mortgage Trust Inc. 7.75% Series B Cumulative Redeemable Preferred Stock From 04/09/21

This article compares NLY’s recent dividend per share rates, yield percentages, and several dividend sustainability metrics to nineteen mREIT peers. This includes an analysis of NLY’s quarterly estimated REIT taxable income, estimated core earnings, and normalized core e...

NLY and NRZ rallied and reached the neutral ranges. If shares dipped without a decline in fundamentals, they could be appealing again. The emphasis in analysis of mortgage REITs should rely on book value more than the shape of the yield curve. Investors cannot reasonably forecast ...

We’ve loaded up on mortgage REIT preferred shares. As the common shares kept pushing higher, lower risk gets appealing. The preferred shares are higher in the capital stack than the common shares, which enabled them to bounce back after the pandemic panic. We’ve been...

Part 1 of this article compares NLY’s recent investment composition, leverage, hedging coverage ratio, quarterly BV, economic return, and current valuation to nineteen mREIT peers. Providing sector-wide metrics allows readers to better understand which mREIT companies will like...

Investors are thrilled about the steeper yield curve. A steeper yield curve is generally positive for mortgage REITs, and the impact to fundamentals is smaller than many investors may think. When the yield curve was flat and mortgage REITs traded at huge discounts to book, many in...

Mortgage REIT preferred shares offer big dividend yields and some offer steady payouts. The preferred shares from AGNC carry some of the lowest risks and AGNCP has been attractively priced. We took the opportunity to significantly increase our position in AGNCP at $23.70 on 3/15/2...

NYMT has updated its Q4 figures which gives us a chance to review its risk profile from the perspective of preferreds holders. NYMT ran into trouble in Q1 of last year, failing to meet margin calls though its book value drop was relatively contained and it dipped into illiquidity only...

The mortgage REIT sector began the year with big discounts to book value. Since then, it has delivered big returns. If you've read even a few of our articles on mortgage REITs, you're surely familiar with the price-to-book ratios. Investors who didn't buy mortgage REITs in April 2...

The mortgage REIT sector has been on fire lately. It gave us some huge gains in late 2020 and more huge gains in early 2021. As investors shift into "value" stocks, we've seen a dramatic increase in price with price-to-book ratios increasing substantially in the sector. With these...

During February, we placed a handful of trades in the mortgage REIT preferred shares. We recently picked up shares of ARR-C and NRZ-B. We'll highlight the index cards and commentary on those positions. In February we also closed out positions in NYMTP, TWO-E (which was called) and...