Ellington Credit Company (EARN)
| Market Cap | 211.46M |
| Revenue (ttm) | 34.56M |
| Net Income (ttm) | -5.25M |
| Shares Out | 37.56M |
| EPS (ttm) | -0.19 |
| PE Ratio | n/a |
| Forward PE | 5.82 |
| Dividend | $0.96 (17.05%) |
| Ex-Dividend Date | May 30, 2025 |
| Volume | 270,488 |
| Open | 5.55 |
| Previous Close | 5.58 |
| Day's Range | 5.54 - 5.65 |
| 52-Week Range | 4.33 - 7.20 |
| Beta | 1.31 |
| Analysts | Buy |
| Price Target | 5.88 (+4.44%) |
| Earnings Date | May 20, 2025 |
About EARN
Ellington Credit Company, a closed-end management investment company, focuses on generating current yields and risk-adjusted total returns by investing primarily in collateralized loan obligations. It invests in mezzanine debt and equity tranches. The company was formerly known as Ellington Residential Mortgage REIT and changed its name to Ellington Credit Company in April 2024. Ellington Credit Company was incorporated in 2012 and is headquartered in Old Greenwich, Connecticut. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for EARN stock is "Buy." The 12-month stock price forecast is $5.88, which is an increase of 4.44% from the latest price.
News
Ellington Credit Company (EARN) Q1 2025 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN) Q1 2025 Earnings Conference Call May 21, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Greg Borenstein - ...
Ellington Credit Company Reports Results for Three-Month Period Ended March 31, 2025
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(...
Ellington Credit Company Announces Release Date of 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, 2025 after market cl...
It's Raining CLO Equity CEFs And Why We Got Longer
The CLO Equity CEF sector has doubled in size over the past two years, driven by new entrants and favorable market conditions. Key catalysts include a benign default environment, tightening credit spr...
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, ...
Wall Street's Most Accurate Analysts Give Their Take On 3 Financial Stocks With Over 10% Dividend Yields
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Ellington Credit: A New Entrant To The CLO Sector
Ellington Credit has transitioned from a REIT to a RIC, focusing on CLOs. The fund's attractive valuation, low management fees, and strong track record make it a compelling investment despite portfoli...
Ellington Credit to Ring the Closing Bell at the New York Stock Exchange
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) announced today that it will ring the closing bell at the New York Stock Exchange on April 2, 2025 to celebrate its convers...
Ellington Credit Completes Conversion to Closed-end Fund
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) announced today the completion of its conversion to a Delaware-domiciled closed-end fund registered under the ...
Ellington Credit Is In Transition, And I'm Betting It Pays Off
Ellington Credit Company has shifted from a mortgage REIT to a closed-end fund focusing on high-yield CLOs, aiming for substantial gains. Despite potential high rewards, EARN's transition brings signi...
Ellington Credit Confirms April 1 Conversion Date
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Company”) announced today it has obtained all necessary approvals from its Board of Trustees and shareholders to conv...
Ellington Credit Company (EARN) Q4 2024 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN) Q4 2024 Earnings Conference Call March 13, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel and Secretary Laurence E. Penn - ...
Ellington Credit Company Reports Fourth Quarter 2024 Results
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended December 31, 2024. Fourth Quarter Highlights Net income (loss...
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Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strate...
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...
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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...
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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 ...