S&P 500 slips, but losses kept in check as Nvidia climbs ahead of results
In a buoyant trading session, New York Mortgage (NASDAQ:NYMT) Trust Inc Preferred (NYMTM) stock soared to a 52-week high, reaching a price level of $25.37. According to InvestingPro data, the stock has delivered an impressive 19.21% total return over the past year, while maintaining a substantial 7.78% dividend yield. This milestone underscores a period of robust performance for the real estate investment trust. InvestingPro analysis reveals the company has maintained dividend payments for 21 consecutive years, demonstrating remarkable consistency. Investors have shown increased confidence in the company’s strategy and portfolio, propelling the stock to new heights over the past year. With current Fair Value calculations suggesting the stock remains undervalued, this could set a strong precedent for its future trajectory in the market. Unlock more insights and 8 additional ProTips with InvestingPro.
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