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.
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.
Ellington Residential Mortgage REIT (NYSE: EARN) has announced a monthly common dividend of $0.08 per share. The dividend is scheduled for payment on December 27, 2022 to shareholders on record as of November 30, 2022. The company, focused on residential mortgage-related assets, emphasizes that results are subject to fluctuations due to various market factors. Forward-looking statements concerning dividend payment are made, highlighting the potential risks and uncertainties affecting future performance.
Ellington Residential Mortgage REIT (NYSE: EARN) will release its financial results for Q3 2022 on November 9, 2022, after market close. A conference call is scheduled for November 10, 2022, at 11:00 AM ET, accessible via phone and webcast on the company's website. An investor presentation will also be available post-release. EARN specializes in acquiring and managing residential mortgage-related assets, focusing on mortgage-backed securities backed by U.S. government agencies.
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, scheduled for payment on October 25, 2022 to shareholders of record as of September 30, 2022. This announcement reinforces the company's commitment to returning value to its shareholders. However, investors are cautioned that dividend payments may fluctuate due to market conditions, including interest rate changes and other economic factors.
Ellington Residential Mortgage REIT (NYSE: EARN) reported a net loss of $(10.7) million for Q2 2022, translating to $(0.82) per share. However, its adjusted distributable earnings were $3.7 million, or $0.28 per share, covering the quarterly dividend of $0.08 per share. Despite market challenges, the company maintained a net interest margin of 1.66% and a book value of $9.07 per share. The debt-to-equity ratio stood at 8.0:1. Following a quarter of significant declines in Agency RMBS prices, the CEO emphasized the potential for Agency RMBS amidst rising yields and low prepayment risks.
Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, set to be paid on September 26, 2022, for shareholders on record as of August 31, 2022. This announcement reaffirms the company's commitment to returning value to shareholders amidst fluctuating market conditions and evolving economic factors.
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