JMP Securities downgraded Ellington Residential Mtg from Mkt Outperform to Mkt Perform
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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" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on May 29, 2026 to common shareholders of record as of April 30, 2026. 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 negativ
Offering Size Increased Through Partial Exercise of Over-Allotment Option Ellington Credit Company (NYSE:EARN) (the "Fund") today announced the closing of its previously announced underwritten public offering of $50.0 million aggregate principal amount of 8.50% notes due 2031 (the "2031 Notes"). The Fund further announced that the underwriters partially exercised their over-allotment option and purchased an additional $4.0 million aggregate principal amount of 2031 Notes, bringing the total offering size to $54.0 million to date. The 2031 Notes have been rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund. The Fund granted the underwriters
Ellington Credit Company (NYSE:EARN) (the "Fund") today announced the pricing of an underwritten public offering of $50 million aggregate principal amount of 8.50% notes due 2031 (the "2031 Notes"). The 2031 Notes will mature on March 30, 2031, and may be redeemed in whole or in part at the Fund's option on or after March 30, 2028. The 2031 Notes have been rated ‘BBB' by Egan-Jones Ratings Company, an independent rating agency unaffiliated with the Fund. The Fund has granted the underwriters a 30-day option to purchase up to an additional $7.5 million aggregate principal amount of 2031 Notes at the same price and on the same terms and conditions to cover over allotments, if any. The Fund
4 - Ellington Credit Co (0001560672) (Issuer)
4 - Ellington Credit Co (0001560672) (Issuer)
4 - Ellington Credit Co (0001560672) (Issuer)
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
CERT - Ellington Credit Co (0001560672) (Filer)
497AD - Ellington Credit Co (0001560672) (Filer)
8-A12B - Ellington Credit Co (0001560672) (Filer)
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)
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
4 - Ellington Credit Co (0001560672) (Issuer)
4 - Ellington Credit Co (0001560672) (Issuer)
4 - Ellington Credit Co (0001560672) (Issuer)
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 May 29, 2026 to common shareholders of record as of April 30, 2026. 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 negativ
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 April 30, 2026 to common shareholders of record as of March 31, 2026. 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 negat
Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the quarter ended December 31, 2025. Highlights Net asset value (NAV) per share was $5.19 as of December 31, 2025, which includes the effects of distributions of $0.24 per share for the quarter. GAAP net income (loss) was $(21.1) million or $(0.56) per share. Net investment income ("NII") was $7.8 million, or $0.21 per share. Adjusted net investment income1 was $7.8 million, or $0.21 per share. CLO portfolio was $369.5 million as of December 31, 2025. CLO debt investments—$176.9 million. CLO equity investments—$192.6 million. Purchased $65.8 million of CLO investments and sold $17.4 m