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Why New York Mortgage Trust (NYMT) Could Be a Top Value Stock Pick

Value investing is always a very popular strategy, and for good reason. After all, who doesn’t want to find stocks that have low PEs, solid outlooks, and decent dividends?

Fortunately for investors looking for this combination, we have identified a strong candidate which may be an impressive value; New York Mortgage Trust, Inc. NYMT.

New York Mortgage Trust in Focus

NYMT may be an interesting play thanks to its forward PE of 2.01, its P/S ratio of 0.80, and its decent dividend yield of 51.6%. These factors suggest that New York Mortgage Trust is a pretty good value pick, as investors have to pay a relatively low level for each dollar of earnings, and that NYMT has decent revenue metrics to back up its earnings.

New York Mortgage Trust, Inc. PE Ratio (TTM)

New York Mortgage Trust, Inc. PE Ratio (TTM)
New York Mortgage Trust, Inc. PE Ratio (TTM)

New York Mortgage Trust, Inc. pe-ratio-ttm | New York Mortgage Trust, Inc. Quote

But before you think that New York Mortgage Trust is just a pure value play, it is important to note that it has been seeing solid activity on the earnings estimate front as well. For current year earnings, the consensus has gone up by 2.7% in the past 60 days, thanks to one upward revision in the past two months compared to none lower.

This estimate strength is actually enough to push NYMT to a Zacks Rank #2 (Buy), suggesting it is poised to outperform. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So really, New York Mortgage Trust is looking great from a number of angles thanks to its PE below 20, a P/S ratio below one, and a strong Zacks Rank, meaning that this company could be a great choice for value investors at this time.

5 Stocks Set to Double

Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>


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