Ellington Residential Mortgage REIT (EARN)

NYSE: EARN · IEX Real-Time Price · USD
7.13
+0.04 (0.56%)
At close: May 17, 2024, 4:00 PM
7.11
-0.02 (-0.28%)
After-hours: May 17, 2024, 7:34 PM EDT
0.56%
Market Cap 143.46M
Revenue (ttm) -2.06M
Net Income (ttm) 6.18M
Shares Out 20.13M
EPS (ttm) 0.40
PE Ratio 17.83
Forward PE 6.45
Dividend $0.96 (13.46%)
Ex-Dividend Date May 31, 2024
Volume 150,029
Open 7.14
Previous Close 7.09
Day's Range 7.08 - 7.18
52-Week Range 5.09 - 7.64
Beta 1.88
Analysts Hold
Price Target 6.00 (-15.85%)
Earnings Date May 14, 2024

About EARN

Ellington Credit Company, a real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS, such as non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net ... [Read more]

Sector Financials
IPO Date May 1, 2013
Employees 150
Stock Exchange NYSE
Ticker Symbol EARN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for EARN stock is "Hold." The 12-month stock price forecast is $6.0, which is a decrease of -15.85% from the latest price.

Price Target
$6.0
(-15.85% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Ellington Credit Company Reports First Quarter 2024 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the qua...

4 days ago - Business Wire

Ellington Credit Declares Monthly Common Dividend

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, payab...

11 days ago - Business Wire

Ellington Credit Company Announces Release Date of First Quarter 2024 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2024 after market cl...

17 days ago - Business Wire

Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-Corp

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (“Ellington Credit” or the “Company”) (NYSE: EARN) announced today that it has adopted a shareholder rights plan designed to protect sha...

25 days ago - Business Wire

Ellington Residential Rebrands as Ellington Credit Company

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company" or "EARN") today announced that it has rebranded as Ellington Credit Company as part of its strat...

4 weeks ago - Business Wire

Ellington Residential Declares Monthly Common Dividend

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable ...

5 weeks ago - Business Wire

Ellington Residential Announces Strategic Transformation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the “Company”) today announced that its Board of Trustees has unanimously approved a strategic transformation o...

6 weeks ago - Business Wire

Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended December 31, 2023. Highlights Net ...

2 months ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2023 a...

3 months ago - Business Wire

Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2023 Distributions

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributions...

3 months ago - Business Wire

Ellington Residential Mortgage REIT Reports Third Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2023. Highlights Net...

6 months ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Third Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2023 ...

7 months ago - Business Wire

Ellington Residential Mortgage REIT Reports Second Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended June 30, 2023. Highlights Net income (los...

10 months ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Second Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended June 30, 2023 after...

10 months ago - Business Wire

Ellington Residential Mortgage REIT Reports First Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended March 31, 2023. Highlights Net income (lo...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of First Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2023 afte...

1 year ago - Business Wire

Ellington Residential Announces Estimated Book Value Per Share as of March 31, 2023

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.31 as of March 31, 2023. This estimate ...

1 year ago - Business Wire

Ellington Residential Announces Estimated Book Value Per Share as of February 28, 2023

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.56 as of February 28, 2023, which refle...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Reports Fourth Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended December 31, 2022. Highlights Net income ...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2022 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2022 a...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2022 Distributions

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributio...

1 year ago - Business Wire

Ellington Residential Announces Estimated Book Value Per Share as of December 31, 2022

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.40 as of December 31, 2022.

1 year ago - Business Wire

Ellington Residential Mortgage REIT Reports Third Quarter 2022 Results

OLD GREENWICH, Conn.

1 year ago - Business Wire

Ellington Residential Mortgage REIT Reports Second Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Reports Second Quarter 2022 Results

1 year ago - Business Wire