5 Cheap High Dividend Stocks to Buy Right Now

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In this article, we will be taking a look at 5 cheap high dividend stocks to buy right now. To read our detailed analysis of dividend investing, you can go directly to see the 11 Cheap High Dividend Stocks to Buy Right Now.

5. New York Mortgage Trust, Inc. (NASDAQ:NYMT)

Number of Hedge Fund Holders: 16

Dividend Yield: 9.1%

Share Price as of November 8th: $4.36

New York Mortgage Trust, Inc. (NASDAQ:NYMT) is a financials company and mortgage real estate investment trust. The stock, with a share price under $5, is a good option for income investors looking for cheap high dividend stock to buy right now. The company’s investments include business purpose loans and structure multi-family property investments, among others.

This May, B. Riley’s Matt Howlett began covering shares of New York Mortgage Trust, Inc. (NASDAQ:NYMT) with a Buy rating. The analyst also has a $6 price target on the stock.

The earnings history for New York Mortgage Trust, Inc. (NASDAQ:NYMT) shows an FFO of $0.10 and a revenue of $31.03 million, up 21.55% year over year for the third quarter. The stock has gained 20.84% year to date and 51.05% in the past year as well.

Insider Monkey’s hedge fund data shows 16 hedge funds holding stakes in New York Mortgage Trust, Inc. (NASDAQ:NYMT) in the second quarter, and 12 hedge funds holding stakes in the company in the first quarter. The stake values were $32.3 million and $29 million respectively.

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