Ellington Credit Company (EARN)
| Market Cap | 204.89M |
| Revenue (ttm) | 41.24M |
| Net Income (ttm) | 6.59M |
| Shares Out | 37.56M |
| EPS (ttm) | 0.28 |
| PE Ratio | 19.53 |
| Forward PE | 5.51 |
| Dividend | $0.96 (17.60%) |
| Ex-Dividend Date | Apr 30, 2025 |
| Volume | 469,356 |
| Open | 5.52 |
| Previous Close | 5.61 |
| Day's Range | 5.44 - 5.52 |
| 52-Week Range | 4.33 - 7.26 |
| Beta | 1.77 |
| Analysts | Hold |
| Price Target | 5.88 (+7.79%) |
| Earnings Date | May 13, 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 StatementsAnalyst Forecast
According to 3 analysts, the average rating for EARN stock is "Hold." The 12-month stock price forecast is $5.88, which is an increase of 7.79% from the latest price.
News
30 April Ideal "Safer" Monthly Paying Dividend Stocks And 80 Funds
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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 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, ...
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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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...
86 MoPay Dividend Stocks, 80 Funds And 25 'Safer' Buys From December
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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 ...
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...