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Ellington Credit Company - EARN STOCK NEWS

Welcome to our dedicated page for Ellington Credit Company news (Ticker: EARN), a resource for investors and traders seeking the latest updates and insights on Ellington Credit Company stock.

Ellington Credit Company (EARN) is a specialized financial firm primarily engaged in the acquisition, investment, and management of corporate collateralized loan obligations (CLOs). Founded to leverage the financial acumen of its parent company, Ellington Management Group, Ellington Credit Company focuses on secondary CLO mezzanine debt and equity tranches.

Based in Old Greenwich, Connecticut, Ellington Credit Company utilizes advanced technology and proprietary analytics for underwriting and investment selection. The company places a strong emphasis on risk management, disciplined liquidity management, and the selective use of credit hedges to mitigate potential losses and preserve its book value, especially during financial stress periods.

Ellington Credit Company benefits from its affiliation with Ellington Residential Mortgage REIT, another entity under the Ellington umbrella that specializes in residential mortgage-backed securities (RMBS). This relationship provides a broad spectrum of financial expertise, allowing the company to optimize its investment strategies and risk assessment protocols.

The company's robust risk management framework, coupled with its sophisticated technology infrastructure, ensures comprehensive portfolio monitoring and surveillance. This enables Ellington Credit Company to make informed decisions that enhance the value and performance of its investments.

As a Real Estate Investment Trust (REIT), Ellington Credit Company enjoys tax advantages, including exemption from corporate income tax on distributed net income, which benefits its shareholders. Established in 2012, the company has built a commendable reputation for its adept handling of complex financial instruments and its commitment to maximizing shareholder value.

Recent achievements include successful acquisitions and strategic partnerships that have bolstered its portfolio. Current projects focus on expanding its investments in high-quality CLO tranches and exploring new opportunities in the financial markets.

For the latest updates and relevant information about Ellington Credit Company, including recent news and developments, visit our news section.

Rhea-AI Summary
Ellington Residential (EARN) declares a $0.08 per share monthly dividend for May 2024, emphasizing shareholder value. The dividend is payable on May 28, 2024, to shareholders of record as of April 30, 2024.
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Ellington Residential Mortgage REIT (EARN) announces a strategic transformation to focus on corporate collateralized loan obligations (CLOs) to enhance earnings and reduce volatility. The company plans to convert to a closed-end fund/RIC, revoking its REIT election for tax year 2024. The name will change to Ellington Credit while retaining the ticker symbol EARN.
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Ellington Residential Mortgage REIT (EARN) declares a monthly dividend of $0.08 per share, payable on April 25, 2024. Shareholders of record as of March 29, 2024, will receive the dividend.
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Ellington Residential Mortgage REIT (EARN) reported strong financial results for Q4 2023 with net income of $12.4 million, Adjusted Distributable Earnings of $4.6 million, book value of $7.32 per share, and a dividend yield of 16.0%. The company's CLO portfolio grew to $17.4 million, and it maintained a debt-to-equity ratio of 5.4:1. EARN's CEO highlighted the market performance, portfolio growth, and future investment opportunities.
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Ellington Residential Mortgage REIT (EARN) will release financial results for Q4 2023 on March 6, 2024, followed by a conference call on March 7, 2024. Investors can participate via phone or webcast.
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Ellington Residential Mortgage REIT (EARN) declares a monthly common dividend of $0.08 per share, payable on March 25, 2024, to shareholders of record as of February 29, 2024.
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Ellington Residential Mortgage REIT (EARN) has announced the posting of information about the federal income tax treatment of distributions paid in 2023 on its common shares on the company's website.
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Ellington Residential Mortgage REIT (NYSE: EARN) declares a monthly common dividend of $0.08 per share
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Ellington Residential Mortgage REIT (NYSE: EARN) declares a monthly common dividend of $0.08 per share, payable on January 25, 2024, to shareholders of record as of December 29, 2023.
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Ellington Residential Mortgage REIT (EARN) reported Q3 2023 financial results, including a net income loss of $(11.4) million, Adjusted Distributable Earnings of $3.2 million, and a book value of $7.02 per share. The company's net interest margin was 1.24%, with a dividend yield of 17.1%. EARN's CEO commented on the challenges faced due to rising interest rates and volatility. Despite net losses, the company believes that yield spread widening is recoverable and has identified investment opportunities in the corporate CLO space. The company's portfolio turnover increased, and it plans to diversify into non-Agency RMBS and corporate CLOs.
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FAQ

What is the current stock price of Ellington Credit Company (EARN)?

The current stock price of Ellington Credit Company (EARN) is $6.56 as of December 20, 2024.

What is the market cap of Ellington Credit Company (EARN)?

The market cap of Ellington Credit Company (EARN) is approximately 187.8M.

What does Ellington Credit Company do?

Ellington Credit Company specializes in acquiring, investing in, and managing corporate collateralized loan obligations (CLOs).

Where is Ellington Credit Company based?

Ellington Credit Company is based in Old Greenwich, Connecticut.

What are CLOs?

Corporate collateralized loan obligations (CLOs) are types of securities backed by a pool of loans, typically to companies, and divided into tranches with varying levels of risk and return.

How does Ellington Credit Company manage risk?

The company employs strong risk management practices, including disciplined liquidity management and the selective use of credit hedges, supported by proprietary technology and analytics.

When was Ellington Credit Company founded?

Ellington Credit Company was founded in 2012.

What is a Real Estate Investment Trust (REIT)?

A REIT is a company that owns, operates, or finances income-generating real estate, enjoying tax advantages by distributing a significant portion of income to shareholders.

How does Ellington Credit Company benefit its shareholders?

As a REIT, Ellington Credit Company is exempt from corporate income tax on distributed net income, which enhances shareholder returns.

How does Ellington Credit Company leverage technology?

The company uses proprietary technology and advanced analytics for underwriting, investment selection, and ongoing portfolio monitoring and surveillance.

What are some recent achievements of Ellington Credit Company?

Recent achievements include successful acquisitions and strategic partnerships that have strengthened its investment portfolio.

How can I stay updated on Ellington Credit Company's developments?

For the latest updates and news, visit the news section on our website.

Ellington Credit Company

NYSE:EARN

EARN Rankings

EARN Stock Data

187.78M
28.34M
1.58%
23.75%
2.32%
Asset Management
Real Estate Investment Trusts
Link
United States of America
OLD GREENWICH