New York Mortgage Trust secondary; -3.4% AH

|About: New York Mortgage Trust,... (NYMT)|By:, SA News Editor

New York Mortgage Trust (NYMT) takes advantage of its premium pricing (one of the few if not only stocks in the mREIT sector not trading at  discount to book value), launching a 10M share secondary with underwriter greenshoe of 1.5M shares.

The stock's off 3.4% AH.