NYMTP News and Press, New York Mortgage Trust Inc. 7.75% Series B Cumulative Redeemable Preferred Stock From 05/27/21

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 allow readers to better understand which mREIT companies will likel...

We have been warning about the risks of inflation and rising interest rates for many months now. Warren Buffett raised a red flag recently. Yellen admits inflation is rising fast. Inflation can be devastating if you are ill-prepared. But the markets offer many solutions. We hi...

REITs recorded a sequential improvement across all critical metrics in Q1, powering a historic wave of dividend growth in early 2021. However, several harder-hit property sectors are far from fully-recovered. The Great Financial Crisis resulted in long-term, lasting pain for the real ...

Comparing future cash flows from individual preferred shares can be a useful tool for figuring out which share should be worth more. IVR-B and IVR-C are out of whack. Neither is great, but IVR-C is clearly a better deal when it costs $.50 less than IVR-B. There’s a better d...

One of our strong buy ratings from 2020 needs an update. GPMT destroyed the bears. GPMT was priced for disaster. It never happened. Unless someone was shorting GPMT. That person would have a disaster. Spreads between assets and hedges in agency and non-agency mREITs (ignores comme...

Several mortgage REITs are trading around book value. Thanks to changes in the spreads on agency MBS, book value has also increased substantially. The remaining risk/reward profile is significantly less appealing. The 3 REITs we highlight here have done a better job at protecting ...

We see another BDC where the price is pushing up close to trailing book value. The share price has hardly ever exceeded trailing BV in the last 6 years. So that doesn’t look like a good starting point. The book value per share has generally trended downward since early 2015...

New York Mortgage Trust, Inc. (NYMT) Q1 2021 Earnings Conference Call May 07, 2021 09:00 AM ET Company Participants Steve Mumma - Chairman and CEO Jason Serrano - President Kristine Nario - CFO Conference Call Participants Doug Harter - Credit Suisse Eric Hagen - BTIG Christopher Nolan - Lade...

The rally in many high-yield investments is getting out of hand. We’re seeing price-to-book ratios flying well above their normal levels. The increasing prices should cause significant concern, but it appears many investors are feeling complacent about risk after an easy ma...

On 4/26/2021, AGNC reported results for the first quarter of 2021. AGNC reported comprehensive income of $738 million and a non-tangible BV as of 3/31/2021 of $18.72 per common share. In this article, I will discuss my previous account projections versus actual results. I will also di...