New York Mortgage Trust Inc (NYMT) has been named as a Top 10 Real Estate Investment Trust (REIT), according to Dividend Channel, which published its most recent ''DividendRank'' report. The report noted that among REITs, NYMT shares displayed both attractive valuation metrics and strong profitability metrics. For example, the recent NYMT share price of $8.12 represents a price-to-book ratio of 1.2 and an annual dividend yield of 13.31% — by comparison, the average stock in Dividend Channel's coverage universe yields 3.4% and trades at a price-to-book ratio of 2.1. The report also cited the strong quarterly dividend history at New York Mortgage Trust Inc, and favorable long-term multi-year growth rates in key fundamental data points.
Why New York Mortgage Trust Is a Top 10 REIT Stock With 13.31% Yield (NYMT)
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