Ellington Credit Company (EARN)

NYSE: EARN · Real-Time Price · USD
6.62
+0.03 (0.46%)
Jan 17, 2025, 4:00 PM EST - Market closed
0.46%
Market Cap 190.66M
Revenue (ttm) -15.58M
Net Income (ttm) 21.03M
Shares Out 28.80M
EPS (ttm) 1.02
PE Ratio 6.47
Forward PE 5.78
Dividend $0.96 (14.50%)
Ex-Dividend Date Jan 31, 2025
Volume 427,789
Open 6.59
Previous Close 6.59
Day's Range 6.57 - 6.62
52-Week Range 5.54 - 7.26
Beta 1.89
Analysts Hold
Price Target n/a
Earnings Date Mar 5, 2025

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

News

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

86 MoPay Dividend Stocks, 80 Funds And 25 'Safer' Buys From December

December's MoPay equities offer high-yield, volatile bargains with dividends from $1K investments exceeding share prices, making now an opportune time to buy. Top ten MoPay stocks could net 13.37% to ...

20 days ago - Seeking Alpha

Ellington Credit: High Yield Is Not A Red Flag

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 ...

4 weeks ago - Seeking Alpha

Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)

Ellington Credit Company is attempting to transition from an REIT to a CEF, facing challenges in obtaining shareholder approval despite strong support. The company issued “mirror preferred” shares to ...

5 weeks ago - Seeking Alpha

Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock

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 ...

5 weeks ago - Business Wire

24 November Ideal 'Safer' MoPay Dividend Dogs From 87 Equities And 80 Funds

Imagine stocks and funds paying you dividends monthly! Your angst awaiting payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! These November U.S. exchanged mon...

7 weeks ago - Seeking Alpha

Ellington Credit Sets Date for its Annual Meeting of Shareholders

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 Wednesd...

2 months ago - Business Wire

Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript

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 Of...

2 months ago - Seeking Alpha

Ellington Credit Company Reports Third Quarter 2024 Results

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 (lo...

2 months ago - Business Wire

Ellington Credit Postpones its Annual Meeting of Shareholders

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced the postponement of its 2024 Annual Meeting of Shareholders (the "Annual Meeting"), schedul...

2 months ago - Business Wire

Ellington Credit Company Announces Release Date of Third 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 September 30, 2024 after marke...

2 months ago - Business Wire

ISS Joins Glass Lewis in Recommending EARN Shareholders Vote “FOR” Proposals Related to Strategic Transformation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that Institutional Shareholder Services Inc. ("ISS") became the second leading independent ...

3 months ago - Business Wire

Ellington Credit: Interest Rate Cuts Could Help The REIT

The recent Federal Reserve interest rate cut benefits REITs, including Ellington Credit, which has struggled with high rates but now shows potential for improved performance. EARN stands out for its s...

4 months ago - Seeking Alpha

Ellington Credit Company (EARN) Q2 2024 Earnings Call Transcript

Ellington Credit Company (NYSE:EARN) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Chris Smernoff ...

5 months ago - Seeking Alpha

Ellington Credit Company Reports Second 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...

5 months ago - Business Wire

Ellington Credit Company Announces Release Date of Second 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 June 30, 2024 after market clo...

6 months ago - Business Wire

81 Monthly Paid Dividend Stocks And 80 MoPay Funds For July

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6 months ago - Seeking Alpha

Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount

Ellington Credit Co. rebranded in April 2024, shifting focus from Mortgage-Backed Securities to Collateralized Debt Obligations. The company plans to maintain a $0.08 per share per month dividend, wit...

7 months ago - Seeking Alpha

Ellington Credit Company (EARN) Q1 2024 Earnings Call Transcript

Ellington Credit Company (NYSE:EARN) Q1 2024 Earnings Conference Call May 15, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Chris Smernoff - C...

8 months ago - Seeking Alpha

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...

8 months 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...

9 months ago - Business Wire

84 Monthly Paid Dividend Stocks And 80 Funds For April

Imagine stocks & funds that pay dividends monthly! Unlike waiting for quarterly, semi-annual, or (ugh) annual payouts, your angst awaiting money is alleviated by 300%, or more! These April U.S. exchan...

9 months ago - Seeking Alpha

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...

9 months 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...

9 months ago - Business Wire

EARN: Transforming From A 14% Yielding REIT To A CLO CEF

Ellington Residential Mortgage REIT has announced its decision to transform from a REIT into a closed-end fund that trades in corporate collateralized loan obligations. The transformation is seen as a...

9 months ago - Seeking Alpha