2024-06-18 12:18:49 ET
Summary
- Ellington Financial Inc. is a strong investment in the mREIT space, well positioned for when rates normalize and the housing industry rebounds.
- The company's diversified portfolio includes income from various sources, allowing for flexibility in managing holdings to adjust to different market climates.
- Despite recent dividend cuts, Ellington's performance remains strong, with potential for distributable earnings to increase and provide solid income for investors.
Mortgage real estate investment trusts, or mREITs, have been a tough investment in this rate environment. One name that has held up in the space is Ellington Financial Inc. ( EFC ), and it is well positioned for when rates normalize and the housing industry rebounds, in our opinion....
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Ellington Financial: Income-Thirsty Investors Can Consider This Diversified mREIT