EARN logo

EARN Stock Overview

Profile

Full Name:

Ellington Credit Company

Country:

United States

IPO:

May 1, 2013

Indexes:

Not included

Description:

EARN (Ellington Residential Mortgage REIT) is a real estate investment trust that focuses on investing in residential mortgage-backed securities. It aims to generate income through interest payments and capital appreciation, primarily targeting mortgage loans and related assets to provide attractive returns to its investors.

Key Details

Price

$6.54

Annual Revenue

$10.09 M(+140.26% YoY)

Annual EPS

$0.31(+113.54% YoY)

Beta

0.60

Events Calendar

Earnings

Next earnings date:

Mar 7, 2025

Recent quarterly earnings:

Nov 12, 2024

Recent annual earnings:

Mar 6, 2024
Dividend

Next ex-dividend date:

N/A

Recent ex-dividend date:

Jan 31, 2025
Splits

Next split:

N/A

Recent split:

N/A

Analyst ratings

Recent major analysts updates

Apr 19, 24 JMP Securities
Market Perform
Apr 18, 24 JMP Securities
Market Perform
Dec 6, 23 UBS
Neutral
Dec 19, 22 JonesTrading
Hold
Oct 3, 22 Piper Sandler
Overweight
Jun 28, 22 Piper Sandler
Overweight
May 16, 22 Credit Suisse
Neutral
Apr 1, 22 JMP Securities
Market Perform
Mar 10, 22 Credit Suisse
Neutral
Mar 9, 22 Piper Sandler
Overweight

Market Data

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Price

Market cap

Technical

Dividend

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Events

Dividend per share

Dividend yield

Other

Profitability

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Revenue

Profit

EPS

ROA & ROE

EBIT & EBITDA

Valuation

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

PE Ratio

PB Ratio

PS Ratio

Enterprise value

EV/EBITDA

Financial Health

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Liquidity

Leverage

Risk & Stability

Balance Sheet

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Assets

Equity

Liabilities

Debt

Expenses

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Cash Flow

Add series to chart(max: 6)
company, ETF, index, featured screener or watchlist
series name
Suggested series

Cashflow Activities

Free CashFlow

CAPEX

Institutional Ownership

Ellington Credit Company Reports Preliminary Fourth Quarter 2024 Results and Provides Conversion Update
Ellington Credit Company Reports Preliminary Fourth Quarter 2024 Results and Provides Conversion Update
Ellington Credit Company Reports Preliminary Fourth Quarter 2024 Results and Provides Conversion Update
EARN
businesswire.comFebruary 3, 2025

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported the following preliminary fourth quarter financial results, and update on its portfolio and pending conversion to a CLO closed-end fund. Book value per common share is estimated to be in the range of $6.52 to $6.54 as of December 31, 2024, including the effects of dividends of $0.24 per common share declared during the quarter. Net income (loss) per common share is estimated to be in the range of.

Ellington Credit Company Announces the Income Tax Treatment of its 2024 Distributions
Ellington Credit Company Announces the Income Tax Treatment of its 2024 Distributions
Ellington Credit Company Announces the Income Tax Treatment of its 2024 Distributions
EARN
businesswire.comJanuary 31, 2025

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributions deemed paid in 2024 on the Company's common shares has been posted to the Company's website, at https://www.ellingtoncredit.com/dividend-and-tax-information. The Company operated as a taxable C-Corp throughout all of 2024. About Ellington Credit Company Ellington Credit Company, formerly known as Ellington R.

Ellington Credit Declares Monthly Common Dividend
Ellington Credit Declares Monthly Common Dividend
Ellington Credit Declares Monthly Common Dividend
EARN
businesswire.comJanuary 8, 2025

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on February 25, 2025 to shareholders of record as of January 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwar.

Ellington Credit: High Yield Is Not A Red Flag
Ellington Credit: High Yield Is Not A Red Flag
Ellington Credit: High Yield Is Not A Red Flag
EARN
seekingalpha.comDecember 23, 2024

Ellington Credit is transitioning from a mortgage REIT to a closed-end fund focusing on CLOs to achieve higher risk-adjusted returns. The company's 15% dividend yield is well-covered by distributable earnings, making it an attractive option for passive income investors. Ellington Credit is selling at a discount to book value, offering a buying opportunity as the portfolio transformation progresses.

Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock
Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock
Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock
EARN
businesswire.comDecember 9, 2024

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (the “Company”) (NYSE: EARN) announced today that its Board of Trustees intends to call a special meeting of shareholders in early 2025 (the “Special Meeting”), to approve its previously announced conversion to a Delaware registered closed-end fund to be treated as a regulated investment company under the Internal Revenue Code, focused on corporate CLO investments (the “Conversion”). In conjunction with the Special Meeting, the Com.

Ellington Credit Declares Monthly Common Dividend
Ellington Credit Declares Monthly Common Dividend
Ellington Credit Declares Monthly Common Dividend
EARN
businesswire.comDecember 6, 2024

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on January 27, 2025 to shareholders of record as of December 31, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forwar.

Ellington Credit (EARN) Recently Broke Out Above the 50-Day Moving Average
Ellington Credit (EARN) Recently Broke Out Above the 50-Day Moving Average
Ellington Credit (EARN) Recently Broke Out Above the 50-Day Moving Average
EARN
zacks.comDecember 5, 2024

Ellington Credit (EARN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, EARN broke through the 50-day moving average, which suggests a short-term bullish trend.

Ellington Credit Sets Date for its Annual Meeting of Shareholders
Ellington Credit Sets Date for its Annual Meeting of Shareholders
Ellington Credit Sets Date for its Annual Meeting of Shareholders
EARN
businesswire.comNovember 21, 2024

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its 2024 Annual Meeting of Shareholders (the "Annual Meeting") will be held on Wednesday, December 4, 2024, at 10:00 am, Eastern Time, via live webcast at www.virtualshareholdermeeting.com/EARN2024. As of the close of business yesterday, over 92% of votes received have been cast in favor of each of the proposals that would allow the Company to convert to a closed-end investment comp.

Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript
Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript
Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript
EARN
seekingalpha.comNovember 13, 2024

Ellington Credit Company (NYSE:EARN ) Q3 2024 Earnings Conference Call November 13, 2024 1:00 PM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer Chris Smernoff - Chief Financial Officer Greg Borenstein - Head of Corporate Credit, Ellington Management Group Conference Call Participants Douglas Harter - UBS Jason Weaver - Jones Trading Operator Good afternoon, ladies and gentlemen. Thank you for standing by.

Ellington Credit Company Reports Third Quarter 2024 Results
Ellington Credit Company Reports Third Quarter 2024 Results
Ellington Credit Company Reports Third Quarter 2024 Results
EARN
businesswire.comNovember 12, 2024

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2024. Highlights Net income (loss) of $5.4 million, or $0.21 per share. Adjusted Distributable Earnings1 of $7.2 million, or $0.28 per share. Book value of $6.85 per share as of September 30, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 9.65% on credit, 3.52% on Agency.

FAQ

  • What is the ticker symbol for Ellington Residential Mortgage REIT?
  • Does Ellington Residential Mortgage REIT pay dividends?
  • What sector is Ellington Residential Mortgage REIT in?
  • What industry is Ellington Residential Mortgage REIT in?
  • What country is Ellington Residential Mortgage REIT based in?
  • When did Ellington Residential Mortgage REIT go public?
  • Is Ellington Residential Mortgage REIT in the S&P 500?
  • Is Ellington Residential Mortgage REIT in the NASDAQ 100?
  • Is Ellington Residential Mortgage REIT in the Dow Jones?
  • When was Ellington Residential Mortgage REIT's last earnings report?
  • When does Ellington Residential Mortgage REIT report earnings?
  • Should I buy Ellington Residential Mortgage REIT stock now?

What is the ticker symbol for Ellington Residential Mortgage REIT?

The ticker symbol for Ellington Residential Mortgage REIT is NYSE:EARN

Does Ellington Residential Mortgage REIT pay dividends?

Yes, Ellington Residential Mortgage REIT pays dividends. The last payment was $0.08, with an ex-dividend date on January 31, 2025

What sector is Ellington Residential Mortgage REIT in?

Ellington Residential Mortgage REIT is in the Financial Services sector

What industry is Ellington Residential Mortgage REIT in?

Ellington Residential Mortgage REIT is in the Asset Management industry

What country is Ellington Residential Mortgage REIT based in?

Ellington Residential Mortgage REIT is headquartered in United States

When did Ellington Residential Mortgage REIT go public?

Ellington Residential Mortgage REIT's initial public offering (IPO) was on May 1, 2013

Is Ellington Residential Mortgage REIT in the S&P 500?

No, Ellington Residential Mortgage REIT is not included in the S&P 500 index

Is Ellington Residential Mortgage REIT in the NASDAQ 100?

No, Ellington Residential Mortgage REIT is not included in the NASDAQ 100 index

Is Ellington Residential Mortgage REIT in the Dow Jones?

No, Ellington Residential Mortgage REIT is not included in the Dow Jones index

When was Ellington Residential Mortgage REIT's last earnings report?

Ellington Residential Mortgage REIT's most recent earnings report was on Nov 12, 2024

When does Ellington Residential Mortgage REIT report earnings?

The next expected earnings date for Ellington Residential Mortgage REIT is Mar 7, 2025

Should I buy Ellington Residential Mortgage REIT stock now?

As of today, analysts generally recommend a 'Hold' rating. However, it's important to do your own research and consider your financial situation before making any investment decisions