New York Mortgage Trust: Q4 Update And Evaluating Its 9-11% Yielding Senior Securities
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New York Mortgage Trust, Inc. reported a 5.6% book value loss in Q4, influenced by rising Agency yields, but mitigated by swap hedges. The company's liability profile is favorable, with low leverage and significant non-recourse securitizations. NYMT's senior securities, NYMTM and NYMTI, are attractive due to high yields and strong liquidity.
March 07, 2025 | 7:15 pm
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NEUTRAL IMPACT
New York Mortgage Trust, Inc. experienced a 5.6% book value loss in Q4 due to rising Agency yields, offset by swap hedges. The company's liability profile is favorable, with low leverage and significant non-recourse securitizations. Its senior securities, NYMTM and NYMTI, are attractive due to high yields and strong liquidity.
The 5.6% book value loss is a negative indicator, but the impact is mitigated by swap hedges and a favorable liability profile. The attractiveness of NYMT's senior securities due to high yields and liquidity suggests a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100