Ellington Residential's 14% Yield Could Be Sustainable In 2024

marchmeena29 The central bank held short-term interest rates steady at this week’s Fed meeting and reaffirmed its desire to shoot for three rate cuts in 2024. With interest rates poised to normalize in the latter part of the year, I think that mortgage real estate investment trusts like Ellington Residential Mortgage REIT Inc. (NYSE:EARN) could make a comeback and become more compelling yield investments for passive income investors. The mortgage trust’s dividend pay-out metrics already improved in the  ...