Welcome to our dedicated page for Ellington Residential Mortgage REIT news (Ticker: EARN), a resource for investors and traders seeking the latest updates and insights on Ellington Residential Mortgage REIT 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.
Ellington Residential Mortgage REIT (NYSE: EARN) reported an estimated book value per share of
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly dividend of
Ellington Residential Mortgage REIT (NYSE: EARN) reported strong Q4 2022 results with a net income of $11.7 million or $0.88 per share, and an Adjusted Distributable Earnings (ADE) of $3.3 million or $0.25 per share. The book value per share rose to $8.40, with a dividend yield of 12.7%. The company achieved a non-annualized economic return of 11.1%, benefiting from a favorable Agency RMBS market. The debt-to-equity ratio decreased to 7.6:1, and significant gains were realized on Agency RMBS. The portfolio turnover stood at 18%, with plans to increase investment in non-Agency mortgage markets moving into 2023.
Ellington Residential Mortgage REIT (NYSE: EARN) announced its financial results for the quarter ended December 31, 2022, will be released after market close on March 6, 2023. A conference call is scheduled for March 7, 2023, at 11:00 a.m. Eastern Time to discuss the results, with dial-in options and a live webcast available. An investor presentation will also be posted on the company's website after the earnings release. Ellington Residential Mortgage REIT focuses on acquiring and managing residential mortgage-backed securities primarily guaranteed by U.S. government entities.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, payable on March 27, 2023, to shareholders of record as of February 28, 2023. This payment reflects the company's ongoing commitment to returning value to its investors through consistent dividends. The trust specializes in acquiring and managing residential mortgage-related assets, focusing on securities guaranteed by U.S. government entities. The press release also includes cautionary statements regarding forward-looking statements that may affect future dividend payments due to market fluctuations.
Ellington Residential Mortgage REIT (NYSE: EARN) has released information regarding the federal income tax treatment of distributions paid in 2022 on its common shares. This information has been made available on the Company's website, enhancing transparency for shareholders. The REIT focuses on acquiring and managing residential mortgage-related assets, particularly residential mortgage-backed securities, with payments guaranteed by U.S. government agencies or enterprises. Investors can access more details on the tax treatment and distributions through the provided link.
Ellington Residential Mortgage REIT (NYSE: EARN) reported its estimated book value per share at $8.40 as of December 31, 2022. This estimated book value is subject to change upon the completion of month-end and quarter-end valuation processes related to investment positions. Management cautions that this figure may not reflect future results due to various factors like interest rate fluctuations, mortgage default rates, and other market conditions. The press release also contains forward-looking statements that involve uncertainties and risks that could lead to actual results differing from projections.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share. The dividend is payable on January 25, 2023 to shareholders on record as of December 30, 2022. This continues the company's commitment to providing returns to its shareholders through consistent dividend payments, a reflection of its confidence in managing residential mortgage-related assets.
Ellington Residential Mortgage REIT (EARN) reported a net loss of $(13.7 million, or $(1.04 per share), for Q3 2022. The adjusted distributable earnings were $3.0 million, or $0.23 per share. The book value per share stood at $7.78, including dividends of $0.24. The net interest margin was 1.28%, while the debt-to-equity ratio increased to 9.1:1. The company issued 148,349 shares under its ATM program and repurchased 9,489 shares. Concerns about the Fed's rate hikes contributed to the loss due to increased volatility and liquidity challenges.
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