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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 |
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)
4 - Ellington Credit Co (0001560672) (Issuer)
3 - 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
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 27, 2025 to shareholders of record as of April 30, 2025. As previously announced, in connection with its recently completed conversion to a closed-end fund registered under the Investment Company Act of 1940, the Fund has implemented a Dividend Reinvestment Plan (the "DRP"). The DRP provides for automatic reinvestment of cash distributions, unless prior to the related record date a shareholder (or the broker holding its shares) elects to receive cash. Please see the Fund's Current Report on Form 8-K or Registration St
Ellington Credit Company (NYSE:EARN) ("we") today reported financial results for the quarter ended December 31, 2024. Fourth Quarter Highlights Net income (loss) of $(2.0) million, or $(0.07) per share. Adjusted Distributable Earnings1 of $7.8 million, or $0.27 per share. Book value of $6.53 per share as of December 31, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 8.54% on credit, 3.24% on Agency, and 5.07% overall. CLO portfolio increased to $171.1 million at year end, compared to $144.5 million as of September 30, 2024. Capital allocation3 to CLOs increased to 72% at year end, compared to 58% as of September 30, 202
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 April 25, 2025 to shareholders of record as of March 31, 2025. Cautionary Statement Regarding Forward-Looking Statements This press 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, or by
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 27, 2025 to shareholders of record as of April 30, 2025. As previously announced, in connection with its recently completed conversion to a closed-end fund registered under the Investment Company Act of 1940, the Fund has implemented a Dividend Reinvestment Plan (the "DRP"). The DRP provides for automatic reinvestment of cash distributions, unless prior to the related record date a shareholder (or the broker holding its shares) elects to receive cash. Please see the Fund's Current Report on Form 8-K or Registration St
— Marks Successful Conversion to CLO Closed-End Fund — 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 conversion to a closed-end fund focused on corporate collateralized loan obligation ("CLO") investments. The ringing of the closing bell will also commemorate the 30-year anniversary of Ellington Management Group, the parent company of EARN's investment adviser. About Ellington Credit Company Ellington Credit Company (the "Fund") is an externally managed, non-diversified closed-end fund that seeks to provide attractive current yields and risk-adjusted total returns by investing prim
Ellington Credit Company (NYSE:EARN) (the "Fund") announced today the completion of its conversion to a Delaware-domiciled closed-end fund registered under the Investment Company Act of 1940 (the "Conversion"). In conjunction with the Conversion, the Fund intends to sell its remaining Agency MBS pools, acquire additional corporate collateralized loan obligations ("CLOs"), and operate as a Regulated Investment Company ("RIC") under U.S. federal tax law. The Fund also plans to change its fiscal and tax year to end on March 31, the day prior to the Conversion. Cautionary Statement Regarding Forward-Looking Statements This release contains forward-looking statements within the meaning of the s
DEFA14A - Ellington Credit Co (0001560672) (Filer)
DEF 14A - Ellington Credit Co (0001560672) (Filer)
8-K - Ellington Credit Co (0001560672) (Filer)
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