Top Penny Companies To Watch For 2016

Top Penny Companies To Watch For 2016: New York Mortgage Trust Inc.(NYMT)

New York Mortgage Trust, Inc., together with its subsidiaries, operates as a real estate investment trust (REIT) in the United States. The company engages in acquiring, investing, financing, and managing mortgage-related assets. It primarily invests in agency residential adjustable-rate, hybrid adjustable-rate, and fixed-rate mortgage-backed securities (RMBS); non-Agency RMBS; prime adjustable-rate residential mortgage loans held in securitization trusts; commercial mortgage-backed securities; commercial mortgage loans; and other commercial real estate-related debt investments. The company has elected to be taxed as a REIT and will not be subject to federal income tax if it distributes at least 90% of its REIT taxable income to its stockholders. New York Mortgage Trust, Inc. was founded in 1989 and is headquartered in New York, New York.

Advisors' Opinion:

• [By Susan J. Aluise]

  LEN stock is only up about 3% in 2014, but it’s clearly a growth play. With a price-to-earnings-growth (PEG) ratio of just 0.6 and a forward P/E of a little more than 12, LEN stock looks undervalued now. LEN pays a nominal dividend with a 0.4% current yield, but the company knows its market and is positioning its new properties well, so LEN promises to be a solid buy-and-hold stock.

  REIT: New York Mortgage (NYMT)

  There are two basic types of REITs – those that hold real property and those that hold mortgages on property (mortgage or mREITs). Among mREITs, New York Mortgage (NYMT) is a so-called "hybrid mREIT", meaning that it holds a combination of federally guaranteed (agency) and non-agency debt, like commercial mortgage-backed securities (CMBS).

• [By Lawrence Meyers]

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  Preferred Stocks: New York Mortgage Trust (NYMT)

  Dividend Yield: 8.2%

  New York Mor! tgage Trust (NYMT) is a mortgage real estate investment trust, or mREIT, that acquires, invests in, finances and manages mortgage related securities. These mREITs are very much tied to interest rates, so while rates are low, the stocks will do well. NYMT common stock, in fact, yields more than 14%. Yet that's why I would choose the New York Mortgage Trust 7.75% Preferred Series B (NYMTP).

source from Top Stocks For 2015:http://www.topstocksblog.com/top-penny-companies-to-watch-for-2016.html