NYMT Indicator Adjustment 07/26.22After moving 30yearinterest rates to the right side scale along with the Nasdaq100 (on their own scales) you can better see how price increases most when mortgage rates are down as well as the Nasdaq100. Game plan remains the same, patience is the name. Small recurring buys as price drops and larger purchase when price nears $3.50. We want monthly payments not growth in price necessarily.
NYMT trade ideas
NYMT BUYNYMT is a mortgage-backed security. It is a mid-large cap depending on whose analyzing. It offers a stable 14% dividend yield with quarterly payouts. Long term the stock is in a strong uptrend. TA shows it is above the SMA50 and SMA20 alike. Fundamentals do show some pressing issues however if traded properly NYMT can be a great addition to an income portfolio.
Future price action pointI want to see where the price was going and where to sell it. The convergence of several intersections happen to be at the same time as the end of the free money from Cares act. For me, anytime this is at $4.11 might be a good exit point. This is also the consolidation convergence where it may spike or tank. I was hoping for north of $6 but it might not happen. If this breaks out, I will hold it and redo my chart. This is my own basic thoughts, there are way better charters out there.
Real Estate Revival? How Long? NYMT Example CaseAll,
Assuming we find a bottom here in REIT. Looking back the collapse of 07-08 took around 2.5 years to turn a $2 investment into $8. I first off all feel awful for the real estate market. I think it was actually primed to move up after the 08/15 crashes, and right when it was ready to move up coronavirus hit etc. Unfortunately whoever owns some of these smaller companies really doesn't do much hedging or turn their company have different revenue streams.
Anyways long story short... the recovery in 08 took 2.5 years because it fought it''s way down. You can see more than likely where people thought was a bottom and it spiked. 15 was not as bad and in general recovered quicker. Also during that time had a lot more going for it vs war etc.
IMO I think the REIT right now is sort of the mini gold mine.
Reasons why Real Estate will recover fast (once we actually have a bottom):
-We crashed hard and fast. This means there was not a fight on the way down good for bulls really. This also might be we are smarter now due to the past. So the recovery time could be much faster.
Question is... is the bottom here? I am 50/50 here. I think it's possible, but I also think there may be a second lockdown / covid wave.
NYMT Suffers Low Demand - Moving SidewaysNYMT is pivoting between two boundaries with little volume between, making no real intra-day trades viable. NYMT is trading well under intrinsic value suggesting huge long-term investment profit once macroeconomic factors improve. I would estimate this be 3-4 months down the line from now, but is definitely a local low for those interested in purchasing at rock bottom.
If 1.87 support broken could move down to 1.02 before seeing resistance.
New York Mortgage Trust, Inc Relief rally New York Mortgage Trust, Inc. is a real estate investment trust, which engages in the acquisition, investment, finance and management of mortgage-related and residential housing-related assets. Its objective is to deliver long-term stable distributions to its stockholders over changing economic conditions through a combination of net interest margin and capital gains from a diversified investment portfolio. Its investment portfolio includes multi-family credit assets, single-family credit assets, agency securities, and other mortgages. The company was founded on September 26, 2003 and is headquartered in New York, NY.
NYMT BUY, safe high yield dividend stockWe chose this REIT as it has low P/E ratio 9.31 and price is flat however it is good to time entry.
Great opportunity to buy this stock right now as RSI hits oversold territory. Since 2017 this stock is trading between 6.8 USD - 5.45 USD. We recommend you to buy this stock as it has dividend yield 13.47% per year and current price is appropriate for the first entry. We can clearly see how the stock fluctuactes between quarters and falling after dividend pay out. We recommend second entry in the mid of October and selling after Q4 dividend or holding it.
$NYMT long term dividend play!NYMT - New York Mortgage Trust
This is one of my dividend holdings that I picked up today (1,000 shares). Not only does it pay a fantastic dividend, but we are right on the cusp of a long-term breakout and constantly above earnings expectations. Multi-year hold.
My entry of 1,000 shares was at $6.33 on Friday, February 8th 2019. More info at wingtrades.com