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Ellington Residential: Wait For A Drop Before Buying This 14% Yield

Byadmin

Jan 3, 2023
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Dzmitry Dzemidovich

Ellington Residential Mortgage REIT (NYSE:EARN) was one of the few mortgage trusts I purchased in 2022, and I only did so after the company reduced its dividend payout by 20% to $0.08 per share.

Mortgage trusts, including Ellington Residential, took

Federal Funds Target Range

Federal Funds Target Range (Fred.stlouisfed.org)

Portfolio Summary

Portfolio Summary (Ellington Residential Mortgage REIT)

Price To Book Value

Price To Book Value (YCharts)

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Image and article originally from seekingalpha.com. Read the original article here.