New York Mortgage Trust: Updating Our Allocation As The Company Derisks
Portfolio Pulse from
New York Mortgage Trust (NYMT) is shifting its portfolio strategy by moving away from multifamily properties to Agency MBS, which is seen as a derisking move. The preferred shares, particularly NYMTM, are expected to yield double digits early next year.
November 08, 2024 | 9:30 am
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POSITIVE IMPACT
New York Mortgage Trust is derisking its portfolio by moving from multifamily properties to Agency MBS, which may stabilize its financial position. This strategic shift could positively impact the stock price.
The shift from multifamily properties to Agency MBS is a strategic move to reduce risk, which is likely to be viewed positively by investors, potentially leading to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
The preferred shares of New York Mortgage Trust, particularly NYMTM, are expected to yield double digits early next year, indicating a favorable shift in relative value.
The expected double-digit yield on NYMTM preferred shares suggests a favorable shift in relative value, which could attract investors and positively impact the price.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80