Ellington Credit Company (EARN)
| Market Cap | 187.31M |
| Revenue (ttm) | -15.58M |
| Net Income (ttm) | 21.03M |
| Shares Out | 29.18M |
| EPS (ttm) | 1.02 |
| PE Ratio | 6.27 |
| Forward PE | 5.60 |
| Dividend | $0.96 (14.97%) |
| Ex-Dividend Date | Feb 28, 2025 |
| Volume | 730,816 |
| Open | 6.48 |
| Previous Close | 6.47 |
| Day's Range | 6.40 - 6.49 |
| 52-Week Range | 5.93 - 7.26 |
| Beta | 2.00 |
| Analysts | Hold |
| Price Target | n/a |
| Earnings Date | Mar 12, 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]
Financial Performance
Financial StatementsNews
Ellington Credit Company Announces Release Date of Fourth 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 December 31, 2024 after market...
5 'Safe' Buys In 35 February Dividend Power Dogs
The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 20...
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on Mar...
Ellington Credit Company Reports Preliminary Fourth Quarter 2024 Results and Provides Conversion Update
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 c...
Ellington Credit Company Announces the Income Tax Treatment of its 2024 Distributions
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 pai...
Ellington Credit Announces Shareholder Approval of Conversion to CLO Closed-End Fund
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (the “Company” or “we”) (NYSE: EARN) announced today that it has received shareholder approval, at a special meeting of shareholders (th...
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 ...
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 ...
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 ...
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 ...
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...
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...
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...
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...
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...
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...
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 ...
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...
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 ...
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...
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...
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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...
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...
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...