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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/6/2023 | $6.00 | Neutral | UBS |
| 12/6/2023 | $13.50 | Neutral | UBS |
| 4/1/2022 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 3/10/2022 | $11.50 → $10.00 | Neutral | Credit Suisse |
| 3/9/2022 | $12.50 → $11.50 | Overweight | Piper Sandler |
| 11/8/2021 | Buy → Neutral | BTIG | |
| 10/12/2021 | $12.50 | Overweight | Piper Sandler |
Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends of $0.24 per share for the three-month period. Net interest margin2 of 11.13% on credit, 2.29% on Agency, and 5.27% overall. CLO portfolio increased to $249.9 million as of March 31, 2025, compared to $171.1 million as of December 31, 2024. Capital allocation3 to CLOs increased to 81% as of March 31, 2025, compared to 72% as o
Ellington Credit Company (NYSE:EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2025 after market close on Tuesday, May 20, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 21, 2025. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference code EARNQ125. International callers should dial (203) 518-9708 and reference the same code. The conference call will also be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellingtoncredit.
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, payable on June 30, 2025 to shareholders of record as of May 30, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, o
4 - Ellington Credit Co (0001560672) (Issuer)
3 - Ellington Credit Co (0001560672) (Issuer)
4 - Ellington Credit Co (0001560672) (Issuer)
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced the appointment of Mary McBride to its Board of Trustees (the "Board"), effective immediately. "We are excited to have Mary McBride join our Board as an independent Trustee. Mary’s extensive experience in commercial banking and as a director of publicly traded companies should add a valuable perspective to our Board," said Laurence Penn, Chief Executive Officer of EARN. Ms. McBride added, "I am honored to be named as a Trustee of EARN, and look forward to partnering with the Board and management team to continue to deliver strong shareholder returns." Ms. McBrid
OLD GREENWICH, Conn--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced the appointment of C. C. Melvin “Mel” Ike to its Board of Trustees (the “Board”), effective immediately. Mr. Ike replaces Menes O. Chee, a member of the Board since May 2013, who is resigning in conjunction with Mr. Ike’s appointment. "We are excited to have Melvin Ike join our Board as a Trustee. Mel’s experience as a senior member of the Tactical Opportunities Group at Blackstone should make for a seamless transition. We would like to thank Menes for his service as Blackstone’s representative on the Board for the past seven years, and wish him well in his new rol
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that Robert B. Allardice, III, an Independent Director and Chairman of the Company’s Audit Committee, has been appointed Chairman of the Board of Trustees (the “Board”). Mr. Allardice replaces Thomas F. Robards, who is stepping down from his role as Chairman and remains on the Board as an Independent Trustee. “We are excited about Barry Allardice’s elevation to Chairman of the Board. Barry has deep knowledge of the Company and has been an invaluable asset as Chairman of the Audit Committee since 2013,” said Laurence Penn, Chief Executive Officer of EARN. Mr. Alla
SC 13G - Ellington Residential Mortgage REIT (0001560672) (Subject)
SC 13G/A - Ellington Residential Mortgage REIT (0001560672) (Subject)
SC 13G/A - Ellington Residential Mortgage REIT (0001560672) (Subject)
UBS initiated coverage of Ellington Residential Mtg with a rating of Neutral and set a new price target of $6.00
UBS initiated coverage of Ellington Residential Mtg with a rating of Neutral and set a new price target of $13.50
JMP Securities downgraded Ellington Residential Mtg from Mkt Outperform to Mkt Perform
8-K - Ellington Credit Co (0001560672) (Filer)
497AD - Ellington Credit Co (0001560672) (Filer)
8-K - Ellington Credit Co (0001560672) (Filer)
Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(7.9) million, or $(0.23) per share. Adjusted Distributable Earnings1 of $9.0 million, or $0.26 per share. Book value of $6.08 per share as of March 31, 2025, which includes the effects of dividends of $0.24 per share for the three-month period. Net interest margin2 of 11.13% on credit, 2.29% on Agency, and 5.27% overall. CLO portfolio increased to $249.9 million as of March 31, 2025, compared to $171.1 million as of December 31, 2024. Capital allocation3 to CLOs increased to 81% as of March 31, 2025, compared to 72% as o
Ellington Credit Company (NYSE:EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2025 after market close on Tuesday, May 20, 2025. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wednesday, May 21, 2025. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference code EARNQ125. International callers should dial (203) 518-9708 and reference the same code. The conference call will also be webcast live and can be accessed via the "For Investors" section of the Company's website at www.ellingtoncredit.
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, payable on June 30, 2025 to shareholders of record as of May 30, 2025. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not historical in nature and can be identified by words such as "anticipate," "estimate," "will," "should," "may," "expect," "project," "believe," "intend," "seek," "plan" and similar expressions or their negative forms, o