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.
4. Western Asset Mortgage Capital Corp (NYSE:WMC)
Number of Hedge Fund Holders: 12
Dividend Yield: 9.7%
Share Price as of November 8th: $2.48
Western Asset Mortgage Capital Corp (NYSE:WMC), a US-based REIT, acquires, invest in, finances, and manages agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, alongside other investments. The company, with a dividend yield of over 9% and a share price of under $5 is among the best cheap high dividend stocks to buy right now.
The third-quarter earnings report for Western Asset Mortgage Capital Corp (NYSE:WMC) shows an FFO of $0.06, beating estimates by $0.01. The company’s revenue was $7.16 million, beating estimates by $0.26 million. Western Asset Mortgage Capital Corp (NYSE:WMC) has also gained about 9.47% in the past year.
As of the second quarter of 2021, 12 hedge funds held stakes in Western Asset Mortgage Capital Corp (NYSE:WMC) worth $14.9 million. In the previous quarter, eight hedge funds held stakes in the company worth $15 million.
3. Oxford Square Capital Corp. (NASDAQ:OXSQ)
Number of Hedge Fund Holders: 3
Dividend Yield: 9.7%
Share Price as of November 8th: $4.29
Oxford Square Capital Corp. (NASDAQ:OXSQ), a financials company operating in the asset management and custody banks industry, invests in public and private companies. If one is seeking cheap high dividend stocks to buy right now, it is a good option for them.
As of this May, Ladenburg’s Mickey Schleien holds a Neutral rating on shares of Oxford Square Capital Corp. (NASDAQ:OXSQ).
The company’s third-quarter reports show and NII of $0.08, beating the previous quarter’s $0.06 NII. The company’s TII was $9.80 million, also beating the previous quarter’s $7.84 million figure. Finally, Oxford Square Capital Corp. (NASDAQ:OXSQ) has also gained 34.79% year to date and 60.54% in the past year.
Three hedge funds out of 873 held stakes in Oxford Square Capital Corp. (NASDAQ:OXSQ) in the second quarter, worth $5.8 million. Five hedge funds held stakes in the company in the previous quarter, worth $4.03 million.
2. Invesco Mortgage Capital Inc (NYSE:IVR)
Number of Hedge Fund Holders: 10
Dividend Yield: 10.7%
Share Price as of November 8th: $3.32
Invesco Mortgage Capital Inc (NYSE:IVR) is an REIT that deals with mortgage-backed securities and other related assets. It is a suitable option for income investors on the lookout for a cheap high dividend stock to buy right now.
Invesco Mortgage Capital Inc’s (NYSE:IVR) third-quarter report showed that the company’s FFO was $0.10, beating estimates by $0.01, and its revenue was $46.45 million, beating estimates by $3.45 million. The company has also gained 0.45% year to date and 6.94% in the past year.
In the second quarter, 10 hedge funds held stakes in Invesco Mortgage Capital Inc (NYSE:IVR) worth $37.3 million. Comparatively, in the first quarter, 14 hedge funds held stakes in the company worth $57.6 million.
1. Orchid Island Capital, Inc. (NYSE:ORC)
Number of Hedge Fund Holders: 9
Dividend Yield: 15.6%
Share Price as of November 8th: $5
Orchid Island Capital, Inc. (NYSE:ORC) is a specialty finance company. It’s a good option for those on the lookout for cheap high dividend stocks to buy right now. The company invests in residential mortgage-backed securities in the US.
Orchid Island Capital, Inc. (NYSE:ORC), in its third-quarter report, had an FFO of $0.22 and a revenue of $32.60 million. The revenue beat estimates by $3.70 million.
In September, JonesTrading’s Jason Stewart upgraded shares of Orchid Island Capital, Inc. (NYSE:ORC) to Hold.
Nine hedge funds held stakes in Orchid Island Capital, Inc. (NYSE:ORC) in the second quarter and eight hedge funds held stakes in the company in the first quarter. The total stake values for each quarter were $17.2 million and $19.8 million respectively.
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