Ellington Residential Mortgage REIT Key Executives
This section highlights Ellington Residential Mortgage REIT's key executives, including their titles and compensation details.
Find Contacts at Ellington Residential Mortgage REIT
(Showing 0 of )
Ellington Residential Mortgage REIT Earnings
This section highlights Ellington Residential Mortgage REIT's earnings, including key dates, EPS, earnings reports, and earnings call transcripts.
Next Earnings Date
Last Earnings Results
Earnings Call Transcripts
| Transcript | Quarter | Year | Date | Estimated EPS | Actual EPS |
|---|---|---|---|---|---|
| Read Transcript | Q4 | 2024 | 2025-03-13 | N/A | N/A |
| Read Transcript | Q3 | 2024 | 2024-11-13 | N/A | N/A |
| Read Transcript | Q2 | 2024 | 2024-08-13 | N/A | N/A |
| Read Transcript | Q1 | 2024 | 2024-05-15 | N/A | N/A |
| Read Transcript | Q4 | 2023 | 2024-03-07 | N/A | N/A |
| Read Transcript | Q3 | 2023 | 2023-11-13 | $0.25 | $0.21 |
| Read Transcript | Q2 | 2023 | 2023-08-13 | N/A | N/A |
| Read Transcript | Q1 | 2023 | 2023-05-12 | N/A | N/A |
Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.
$5.62
Stock Price
$163.83M
Market Cap
170
Employees
Old Greenwich, CT
Location
Financial Statements
Access annual & quarterly financial statements for Ellington Residential Mortgage REIT, including income statements, balance sheets, and cash flow statements..
Annual Income Statement
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Revenue | $-65.00K | $20.19M | $-557.00K | $25.94M | $27.54M |
| Cost of Revenue | $- | $1.44M | $1.31M | $1.30M | $1.30M |
| Gross Profit | $-65.00K | $18.75M | $-1.87M | $24.64M | $26.24M |
| Gross Profit Ratio | 100.00% | 92.89% | 335.90% | 95.00% | 95.26% |
| Research and Development Expenses | $- | $-3 | $-0 | $1 | $3 |
| General and Administrative Expenses | $3.32M | $2.87M | $3.50M | $3.29M | $3.17M |
| Selling and Marketing Expenses | $735.00K | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $4.05M | $2.87M | $3.50M | $3.29M | $3.17M |
| Other Expenses | $- | $-23.94M | $-9.25M | $-9.11M | $-8.46M |
| Operating Expenses | $4.05M | $824.00K | $-5.75M | $-5.83M | $-5.29M |
| Cost and Expenses | $4.05M | $2.26M | $-5.75M | $-5.83M | $-5.29M |
| Interest Income | $42.55M | $35.01M | $28.36M | $27.32M | $43.85M |
| Interest Expense | $45.26M | $14.82M | $2.72M | $9.96M | $35.28M |
| Depreciation and Amortization | $53.93M | $25.70M | $33.24M | $-3.84M | $-15.11M |
| EBITDA | $49.81M | $17.93M | $23.39M | $14.82M | $- |
| EBITDA Ratio | -76638.46% | -76.18% | 1132.68% | 77.54% | 80.80% |
| Operating Income | $-4.12M | $-15.38M | $-6.31M | $20.11M | $22.26M |
| Operating Income Ratio | 6335.38% | -76.18% | 1132.68% | 77.54% | 80.80% |
| Total Other Income Expenses Net | $8.68M | $-48.12M | $-6.31M | $5.30M | $- |
| Income Before Tax | $4.56M | $-30.20M | $-6.31M | $20.11M | $22.26M |
| Income Before Tax Ratio | -7013.85% | -149.60% | 1132.68% | 77.54% | 80.80% |
| Income Tax Expense | $- | $79.45M | $-6.30M | $-59.00K | $-2.45M |
| Net Income | $4.56M | $-30.20M | $-6.31M | $20.11M | $22.26M |
| Net Income Ratio | -7013.85% | -149.60% | 1132.68% | 77.54% | 80.80% |
| EPS | $0.31 | $-2.29 | $-0.50 | $1.63 | $1.79 |
| EPS Diluted | $0.31 | $-2.29 | $-0.50 | $1.63 | $1.79 |
| Weighted Average Shares Outstanding | 14.88M | 13.16M | 12.68M | 12.35M | 12.46M |
| Weighted Average Shares Outstanding Diluted | 14.88M | 13.16M | 12.68M | 12.35M | 12.46M |
| SEC Filing | Source | Source | Source | Source | Source |
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $6.14M | $4.75M | $3.90M | $4.01M | $1.50M | $-10.06M | $2.70M | $3.64M | $12.95M | $5.19M | $-9.43M | $-16.15M | $-1.45M | $2.30M | $-3.00M | $1.59M | $8.79M | $9.52M | $23.08M | $-15.46M |
| Cost of Revenue | $- | $749.00K | $400.00K | $538.00K | $512.00K | $374.00K | $372.00K | $- | $1.44M | $353.00K | $356.00K | $355.00K | $1.31M | $319.00K | $342.00K | $317.00K | $1.30M | $336.00K | $316.00K | $327.00K |
| Gross Profit | $6.14M | $4.00M | $3.50M | $3.48M | $991.00K | $-10.44M | $2.33M | $3.64M | $11.52M | $4.84M | $-9.79M | $-16.50M | $-2.76M | $1.98M | $-3.35M | $1.27M | $7.50M | $9.19M | $22.76M | $-15.78M |
| Gross Profit Ratio | 100.00% | 84.24% | 89.70% | 86.60% | 65.90% | 103.70% | 86.20% | 100.00% | 88.90% | 93.20% | 103.80% | 102.20% | 190.80% | 86.10% | 111.40% | 80.09% | 85.25% | 96.47% | 98.63% | 102.12% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $417.00K | $594.00K | $690.00K | $364.00K | $283.00K | $272.00K | $721.00K | $280.00K | $698.00K | $672.00K | $739.00K | $760.00K | $807.00K | $900.00K | $916.00K | $877.00K | $883.00K | $833.00K | $818.00K | $753.00K |
| Selling and Marketing Expenses | $- | $67.00K | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $417.00K | $661.00K | $690.00K | $364.00K | $283.00K | $272.00K | $721.00K | $280.00K | $698.00K | $672.00K | $739.00K | $760.00K | $807.00K | $900.00K | $916.00K | $877.00K | $883.00K | $833.00K | $818.00K | $753.00K |
| Other Expenses | $- | $- | $- | $10.89M | $22.96M | $8.52M | $-9.39M | $3.36M | $24.65M | $7.41M | $-32.42M | $- | $- | $- | $-16.22M | $-2.94M | $- | $- | $- | $- |
| Operating Expenses | $417.00K | $661.00K | $690.00K | $-10.89M | $-22.96M | $290.00K | $407.00K | $3.64M | $-1.35M | $672.00K | $739.00K | $760.00K | $807.00K | $900.00K | $916.00K | $877.00K | $884.00K | $833.00K | $818.00K | $753.00K |
| Cost and Expenses | $417.00K | $1.41M | $1.09M | $-10.35M | $-22.45M | $664.00K | $779.00K | $3.64M | $88.00K | $672.00K | $739.00K | $760.00K | $807.00K | $542.00K | $617.00K | $588.00K | $2.54M | $573.00K | $914.00K | $535.00K |
| Interest Income | $12.85M | $- | $14.13M | $10.38M | $11.89M | $11.25M | $10.07M | $9.34M | $9.93M | $9.46M | $9.09M | $6.54M | $6.49M | $5.46M | $9.88M | $6.54M | $6.17M | $7.78M | $3.49M | $9.88M |
| Interest Expense | $-6.71M | $- | $10.23M | $10.10M | $11.51M | $12.35M | $11.69M | $9.71M | $7.48M | $4.27M | $1.97M | $1.10M | $729.00K | $552.00K | $661.00K | $781.00K | $716.00K | $819.00K | $2.33M | $6.10M |
| Depreciation and Amortization | $- | $- | $6.55M | $1.35M | $29.15M | $-19.87M | $-14.17M | $- | $-929.00K | $-34.37M | $-22.56M | $-21.60M | $-5.79M | $-4.42M | $-2.88M | $-10.31M | $-4.84M | $-6.16M | $1.32M | $15.03M |
| EBITDA | $- | $- | $9.36M | $14.36M | $23.95M | $-1.76M | $-2.40M | $- | $19.16M | $-9.40M | $-8.77M | $-16.36M | $- | $- | $-5.84M | $908.00K | $- | $- | $22.66M | $- |
| EBITDA Ratio | 0.00% | 0.00% | 240.21% | 357.76% | 1593.48% | 17.49% | 44.51% | 0.00% | 147.92% | -181.21% | 92.94% | 101.35% | 140.29% | 61.34% | 129.03% | 57.04% | 92.22% | 93.84% | 102.59% | 68.87% |
| Operating Income | $5.72M | $3.34M | $2.81M | $14.36M | $23.95M | $-1.76M | $1.20M | $- | $19.16M | $-9.40M | $-8.77M | $-16.36M | $-2.03M | $4.37M | $8.60M | $5.17M | $14.82M | $6.38M | $245.00K | $3.25M |
| Operating Income Ratio | 93.21% | 70.33% | 72.03% | 357.76% | 1593.48% | 17.49% | 44.51% | 0.00% | 147.92% | -181.21% | 92.94% | 101.35% | 140.29% | 189.79% | -286.19% | 324.50% | 168.48% | 67.03% | 1.06% | -21.00% |
| Total Other Income Expenses Net | $-7.91M | $2.57M | $-3.70M | $-5.23M | $9.83M | $-9.66M | $-12.97M | $2.34M | $-7.48M | $-18.30M | $-17.29M | $-206.00K | $-8.55M | $-3.56M | $-8.33M | $-10.18M | $-7.42M | $1.73M | $- | $-1.71M |
| Income Before Tax | $-2.19M | $5.91M | $-890.00K | $4.26M | $12.44M | $-11.42M | $1.20M | $2.34M | $11.68M | $-13.67M | $-10.74M | $-17.47M | $-2.76M | $860.00K | $-4.54M | $127.00K | $7.39M | $8.12M | $21.34M | $-16.75M |
| Income Before Tax Ratio | -35.59% | 124.33% | -22.84% | 106.20% | 827.61% | 113.47% | 44.51% | 64.17% | 90.19% | -263.46% | 113.84% | 108.18% | 190.67% | 37.36% | 151.03% | 7.98% | 84.08% | 85.24% | 92.49% | 108.33% |
| Income Tax Expense | $-181.00K | $463.00K | $-75.00K | $303.00K | $-24.18M | $19.87M | $17.77M | $- | $929.00K | $34.37M | $22.56M | $21.60M | $5.79M | $4.37M | $8.60M | $5.17M | $14.82M | $6.38M | $245.00K | $3.25M |
| Net Income | $-2.00M | $5.45M | $-815.00K | $3.96M | $12.44M | $-11.42M | $1.20M | $2.34M | $11.68M | $-13.67M | $-10.74M | $-17.47M | $-2.76M | $860.00K | $-4.54M | $127.00K | $7.39M | $8.12M | $21.34M | $-16.75M |
| Net Income Ratio | -32.64% | 114.58% | -20.91% | 98.66% | 827.61% | 113.47% | 44.51% | 64.17% | 90.19% | -263.46% | 113.84% | 108.18% | 190.67% | 37.36% | 151.03% | 7.98% | 84.08% | 85.24% | 92.49% | 108.33% |
| EPS | $-0.07 | $0.21 | $-0.04 | $0.20 | $0.75 | $-0.75 | $0.09 | $0.17 | $0.88 | $-1.04 | $-0.82 | $-1.33 | $-0.21 | $0.07 | $-0.36 | $0.01 | $0.60 | $0.66 | $1.73 | $-1.35 |
| EPS Diluted | $-0.07 | $0.21 | $-0.04 | $0.20 | $0.75 | $-0.75 | $0.09 | $0.17 | $0.88 | $-1.04 | $-0.82 | $-1.33 | $-0.21 | $0.07 | $-0.36 | $0.01 | $0.60 | $0.66 | $1.73 | $-1.35 |
| Weighted Average Shares Outstanding | 28.73M | 25.59M | 20.35M | 19.55M | 16.66M | 15.20M | 13.94M | 13.67M | 13.29M | 13.15M | 13.11M | 13.11M | 13.03M | 12.92M | 12.43M | 12.34M | 12.34M | 12.32M | 12.32M | 12.43M |
| Weighted Average Shares Outstanding Diluted | 28.73M | 25.59M | 20.35M | 19.55M | 16.66M | 15.20M | 13.94M | 13.67M | 13.29M | 13.15M | 13.11M | 13.11M | 13.03M | 12.92M | 12.43M | 12.34M | 12.34M | 12.32M | 12.32M | 12.43M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Annual Balance Sheet
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Cash and Cash Equivalents | $38.53M | $34.82M | $69.03M | $58.17M | $35.35M |
| Short Term Investments | $- | $499.00K | $117.50M | $2.79M | $2.08M |
| Cash and Short Term Investments | $38.53M | $34.82M | $69.03M | $58.17M | $35.35M |
| Net Receivables | $58.90M | $55.60M | $93.17M | $51.91M | $45.11M |
| Inventory | $- | $- | $- | $- | $- |
| Other Current Assets | $- | $- | $- | $- | $- |
| Total Current Assets | $97.43M | $90.42M | $162.19M | $110.08M | $80.46M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- |
| Long Term Investments | $773.55M | $893.51M | $1.31B | $1.08B | $1.40B |
| Tax Assets | $- | $1.05B | $1.60B | $1.19B | $1.49B |
| Other Non-Current Assets | $-773.55M | $-1.05B | $-1.60B | $-1.19B | $-1.49B |
| Total Non-Current Assets | $1.51B | $893.51M | $1.31B | $1.08B | $1.40B |
| Other Assets | $-666.47M | $69.70M | $124.60M | $3.06M | $6.87M |
| Total Assets | $945.69M | $1.05B | $1.60B | $1.19B | $1.49B |
| Account Payables | $- | $50.36M | $2.84M | $1.53M | $3.76M |
| Short Term Debt | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $-792.09M | $-1.06B | $-1.01B | $-1.29B |
| Other Current Liabilities | $- | $-50.36M | $-2.84M | $-1.53M | $-3.76M |
| Total Current Liabilities | $69.26M | $50.36M | $2.84M | $1.53M | $3.76M |
| Long Term Debt | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $809.45M | $941.22M | $1.44B | $1.03B | $1.33B |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $-809.45M | $-941.22M | $-1.44B | $-1.03B | $-1.33B |
| Total Non-Current Liabilities | $- | $50.36M | $379.41M | $13.16M | $31.99M |
| Other Liabilities | $809.45M | $840.50M | $-379.41M | $-13.16M | $-31.99M |
| Total Liabilities | $809.45M | $941.22M | $2.84M | $1.53M | $3.76M |
| Preferred Stock | $- | $- | $- | $- | $- |
| Common Stock | $186.00K | $134.00K | $131.00K | $123.00K | $124.00K |
| Retained Earnings | $-138.65M | $-128.66M | $-84.77M | $-63.34M | $-69.64M |
| Accumulated Other Comprehensive Income Loss | $- | $112.41M | $-0 | $-0 | $160.84M |
| Other Total Stockholders Equity | $274.70M | $240.94M | $238.87M | $229.61M | $230.36M |
| Total Stockholders Equity | $136.24M | $112.41M | $154.22M | $166.40M | $160.84M |
| Total Equity | $136.24M | $920.05M | $1.15B | $1.12B | $1.42B |
| Total Liabilities and Stockholders Equity | $945.69M | $1.05B | $1.60B | $1.19B | $1.49B |
| Minority Interest | $- | $807.64M | $995.81M | $957.08M | $1.26B |
| Total Liabilities and Total Equity | $945.69M | $1.05B | $1.60B | $1.19B | $1.49B |
| Total Investments | $773.55M | $893.51M | $1.31B | $1.08B | $1.40B |
| Total Debt | $729.54M | $842.46M | $1.06B | $1.02B | $1.30B |
| Net Debt | $-38.53M | $807.64M | $995.81M | $957.08M | $1.26B |
Balance Sheet Charts
| Breakdown | December 31, 2024 | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $31.84M | $25.75M | $118.76M | $22.44M | $38.53M | $40.00M | $43.71M | $36.66M | $34.82M | $25.41M | $37.47M | $16.21M | $69.03M | $61.17M | $58.68M | $52.50M | $58.17M | $61.19M | $50.94M | $59.67M |
| Short Term Investments | $- | $- | $- | $82.33M | $74.28M | $37.10M | $12.19M | $- | $499.00K | $21.77M | $11.01M | $27.35M | $117.50M | $9.97M | $33.57M | $98.90M | $2.79M | $20.01M | $3.12M | $2.22M |
| Cash and Short Term Investments | $31.84M | $25.75M | $118.76M | $22.44M | $38.53M | $40.00M | $43.71M | $36.66M | $34.82M | $25.41M | $37.47M | $16.21M | $69.03M | $61.17M | $58.68M | $52.50M | $58.17M | $61.19M | $50.94M | $59.67M |
| Net Receivables | $10.54M | $59.39M | $80.55M | $46.38M | $58.90M | $49.56M | $35.70M | $100.74M | $55.60M | $126.39M | $82.87M | $310.78M | $93.17M | $69.10M | $73.56M | $63.70M | $51.91M | $61.28M | $83.29M | $165.78M |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-112.87M | $-124.21M | $-137.34M | $-227.18M |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $-100.74M | $124.37M | $- | $- | $- | $99.80M | $- | $- | $- | $54.70M | $- | $- | $- |
| Total Current Assets | $42.38M | $29.88M | $199.31M | $27.08M | $43.05M | $44.99M | $79.41M | $36.66M | $90.42M | $126.39M | $82.87M | $310.78M | $93.17M | $69.10M | $73.56M | $63.70M | $51.91M | $61.28M | $83.29M | $165.78M |
| Property Plant Equipment Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Goodwill and Intangible Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Long Term Investments | $- | $618.80M | $636.37M | $894.37M | $847.83M | $836.27M | $921.22M | $925.74M | $893.51M | $943.17M | $955.29M | $1.12B | $1.31B | $1.22B | $1.21B | $1.20B | $1.08B | $1.12B | $1.15B | $1.05B |
| Tax Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Assets | $- | $-618.80M | $-636.37M | $765.00K | $-847.83M | $-836.27M | $-921.22M | $-925.74M | $-893.51M | $246.07M | $166.52M | $391.69M | $286.80M | $148.06M | $170.12M | $227.17M | $113.14M | $144.61M | $137.88M | $230.27M |
| Total Non-Current Assets | $- | $618.80M | $636.37M | $895.14M | $902.63M | $836.27M | $921.22M | $1.09B | $893.51M | $1.19B | $1.12B | $1.51B | $1.60B | $1.37B | $1.38B | $1.43B | $1.19B | $1.26B | $1.29B | $1.28B |
| Other Assets | $781.72M | $103.63M | $97.78M | $41.73M | $- | $183.17M | $83.36M | $1.12B | $69.70M | $-126.39M | $-82.87M | $-310.78M | $-93.17M | $-69.10M | $-73.56M | $-63.70M | $-51.91M | $-61.28M | $-83.29M | $-165.78M |
| Total Assets | $824.09M | $752.30M | $933.46M | $963.96M | $945.69M | $1.06B | $1.08B | $1.12B | $1.05B | $1.19B | $1.12B | $1.51B | $1.60B | $1.37B | $1.38B | $1.43B | $1.19B | $1.26B | $1.29B | $1.28B |
| Account Payables | $- | $23.80M | $148.11M | $60.12M | $57.29M | $75.27M | $54.12M | $48.14M | $50.36M | $46.45M | $20.63M | $23.76M | $2.84M | $975.00K | $659.00K | $4.07M | $1.53M | $1.12M | $1.86M | $5.03M |
| Short Term Debt | $- | $- | $- | $683.17M | $729.54M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $- | $623.05M | $672.26M | $-735.91M | $-820.91M | $- | $-792.09M | $-1.95B | $-1.94B | $-1.25B | $-1.19B | $-1.08B | $-1.16B | $-1.12B | $-1.03B | $-1.10B | $-928.71M | $-1.14B |
| Other Current Liabilities | $- | $536.87M | $-148.11M | $77.75M | $22.62M | $-75.27M | $-54.12M | $-48.14M | $-50.36M | $1.04B | $982.55M | $1.35B | $1.44B | $1.21B | $1.22B | $1.26B | $1.03B | $1.10B | $1.13B | $1.14B |
| Total Current Liabilities | $- | $560.67M | $185.91M | $683.17M | $729.54M | $75.27M | $54.12M | $- | $50.36M | $46.45M | $20.63M | $23.76M | $2.84M | $975.00K | $659.00K | $4.07M | $1.53M | $1.12M | $1.86M | $5.03M |
| Long Term Debt | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Non-Current Liabilities | $- | $- | $- | $137.87M | $79.91M | $141.80M | $92.26M | $- | $50.36M | $1.09B | $1.00B | $1.37B | $1.44B | $1.21B | $1.22B | $1.27B | $1.03B | $1.10B | $1.13B | $1.14B |
| Other Liabilities | $- | $- | $787.33M | $- | $- | $-141.80M | $-92.26M | $1.01B | $840.50M | $-46.45M | $-20.63M | $-23.76M | $-2.84M | $-975.00K | $-659.00K | $-4.07M | $-1.53M | $-1.12M | $-1.86M | $-5.03M |
| Total Liabilities | $630.37M | $560.67M | $787.33M | $821.04M | $809.45M | $75.27M | $54.12M | $1.01B | $941.22M | $1.09B | $1.00B | $1.37B | $1.44B | $1.21B | $1.22B | $1.27B | $1.03B | $1.10B | $1.13B | $1.14B |
| Preferred Stock | $- | $- | $- | $- | $- | $- | $- | $- | $- | $0 | $0 | $- | $- | $- | $- | $- | $- | $1 | $- | $1 |
| Common Stock | $297.00K | $280.00K | $211.00K | $198.00K | $186.00K | $159.00K | $144.00K | $138.00K | $134.00K | $132.00K | $131.00K | $131.00K | $131.00K | $129.00K | $129.00K | $123.00K | $123.00K | $123.00K | $123.00K | $123.00K |
| Retained Earnings | $-155.16M | $-146.17M | $-145.20M | $-139.44M | $-138.65M | $-146.96M | $-131.80M | $-129.63M | $-128.66M | $-137.15M | $-120.32M | $-106.17M | $-84.77M | $-78.10M | $-75.08M | $-66.66M | $-63.34M | $-67.27M | $-71.94M | $-89.83M |
| Accumulated Other Comprehensive Income Loss | $- | $- | $- | $- | $- | $- | $- | $- | $- | $-0 | $-0 | $0 | $-0 | $0 | $- | $0 | $-0 | $0 | $-0 | $0 |
| Other Total Stockholders Equity | $348.59M | $337.52M | $291.11M | $282.16M | $274.70M | $258.26M | $248.35M | $244.47M | $240.94M | $240.03M | $238.82M | $238.94M | $238.87M | $236.87M | $236.80M | $229.68M | $229.61M | $229.55M | $229.49M | $229.43M |
| Total Stockholders Equity | $193.73M | $191.63M | $146.13M | $142.92M | $136.24M | $111.46M | $116.70M | $114.98M | $112.41M | $103.00M | $118.63M | $132.90M | $154.22M | $158.90M | $161.85M | $163.14M | $166.40M | $162.40M | $157.68M | $139.72M |
| Total Equity | $193.73M | $191.63M | $146.13M | $142.92M | $136.24M | $111.46M | $116.70M | $114.98M | $112.41M | $103.00M | $118.63M | $132.90M | $154.22M | $158.90M | $161.85M | $163.14M | $166.40M | $162.40M | $157.68M | $139.72M |
| Total Liabilities and Stockholders Equity | $824.09M | $752.30M | $933.46M | $963.96M | $945.69M | $1.06B | $1.08B | $1.12B | $1.05B | $1.19B | $1.12B | $1.51B | $1.60B | $1.37B | $1.38B | $1.43B | $1.19B | $1.26B | $1.29B | $1.28B |
| Minority Interest | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Liabilities and Total Equity | $824.09M | $752.30M | $933.46M | $963.96M | $945.69M | $1.06B | $1.08B | $1.12B | $1.05B | $1.19B | $1.12B | $1.51B | $1.60B | $1.37B | $1.38B | $1.43B | $1.19B | $1.26B | $1.29B | $1.28B |
| Total Investments | $- | $618.80M | $636.37M | $894.37M | $847.83M | $836.27M | $921.22M | $925.74M | $893.51M | $943.17M | $955.29M | $1.12B | $1.31B | $1.22B | $1.21B | $1.20B | $1.08B | $1.12B | $1.15B | $1.05B |
| Total Debt | $- | $- | $578.50M | $683.17M | $729.54M | $811.18M | $875.03M | $- | $842.46M | $938.05M | $950.34M | $1.21B | $1.06B | $1.06B | $1.14B | $1.11B | $1.02B | $1.07B | $921.97M | $1.13B |
| Net Debt | $-31.84M | $-25.75M | $-118.76M | $660.73M | $691.01M | $771.18M | $831.32M | $-36.66M | $807.64M | $912.64M | $912.87M | $1.19B | $995.81M | $1.00B | $1.08B | $1.05B | $963.71M | $1.01B | $871.03M | $1.07B |
Annual Cash Flow
| Breakdown | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|
| Net Income | $4.56M | $-30.20M | $-6.31M | $20.11M | $22.26M |
| Depreciation and Amortization | $- | $2.29M | $- | $- | $- |
| Deferred Income Tax | $- | $- | $- | $- | $- |
| Stock Based Compensation | $255.00K | $312.00K | $271.00K | $241.00K | $216.00K |
| Change in Working Capital | $-2.95M | $4.76M | $196.00K | $-1.67M | $-877.00K |
| Accounts Receivables | $- | $1.18M | $-390.00K | $902.00K | $591.00K |
| Inventory | $- | $- | $- | $- | $- |
| Accounts Payables | $-1.89M | $3.81M | $415.00K | $-3.26M | $-1.25M |
| Other Working Capital | $-1.06M | $-232.00K | $171.00K | $685.00K | $-216.00K |
| Other Non Cash Items | $-11.89M | $45.26M | $33.72M | $5.69M | $-4.06M |
| Net Cash Provided by Operating Activities | $-10.02M | $22.42M | $27.88M | $24.37M | $17.53M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- |
| Purchases of Investments | $- | $-2.92B | $-2.31B | $-1.27B | $-2.23B |
| Sales Maturities of Investments | $- | $2.86B | $2.41B | $1.57B | $2.44B |
| Other Investing Activities | $85.72M | $163.61M | $-115.10M | $-142.00K | $7.60M |
| Net Cash Used for Investing Activities | $85.72M | $110.55M | $-15.23M | $304.06M | $221.85M |
| Debt Repayment | $- | $- | $- | $- | $- |
| Common Stock Issued | $33.80M | $2.11M | $9.29M | $- | $- |
| Common Stock Repurchased | $- | $-262.00K | $- | $-986.00K | $-747.00K |
| Dividends Paid | $-14.12M | $-13.94M | $-17.27M | $-13.84M | $-15.47M |
| Other Financing Activities | $-91.67M | $-155.09M | $6.20M | $-290.79M | $-206.41M |
| Net Cash Used Provided by Financing Activities | $-71.98M | $-167.18M | $-1.79M | $-305.61M | $-222.62M |
| Effect of Forex Changes on Cash | $- | $- | $- | $- | $- |
| Net Change in Cash | $3.72M | $-34.21M | $10.86M | $22.82M | $16.77M |
| Cash at End of Period | $38.53M | $34.82M | $69.03M | $58.17M | $35.35M |
| Cash at Beginning of Period | $34.82M | $69.03M | $58.17M | $35.35M | $18.59M |
| Operating Cash Flow | $-10.02M | $22.42M | $27.88M | $24.37M | $17.53M |
| Capital Expenditure | $- | $- | $- | $- | $- |
| Free Cash Flow | $-10.02M | $22.42M | $27.88M | $24.37M | $17.53M |
Cash Flow Charts
| Breakdown | September 30, 2024 | June 30, 2024 | March 31, 2024 | December 31, 2023 | September 30, 2023 | June 30, 2023 | March 31, 2023 | December 31, 2022 | September 30, 2022 | June 30, 2022 | March 31, 2022 | December 31, 2021 | September 30, 2021 | June 30, 2021 | March 31, 2021 | December 31, 2020 | September 30, 2020 | June 30, 2020 | March 31, 2020 | December 31, 2019 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $5.45M | $-815.00K | $3.96M | $12.44M | $-11.42M | $1.20M | $2.34M | $11.68M | $-13.67M | $-10.74M | $-17.47M | $-2.76M | $860.00K | $-4.54M | $127.00K | $7.39M | $8.12M | $21.34M | $-16.75M | $9.71M |
| Depreciation and Amortization | $- | $- | $884.00K | $-785.00K | $- | $- | $- | $2.29M | $- | $- | $- | $7.52M | $- | $- | $- | $14.27M | $- | $- | $- | $14.91M |
| Deferred Income Tax | $- | $- | $303.00K | $785.00K | $- | $- | $- | $- | $- | $- | $- | $-7.52M | $- | $- | $- | $-14.27M | $- | $- | $- | $-14.91M |
| Stock Based Compensation | $302.00K | $71.00K | $72.00K | $48.00K | $81.00K | $81.00K | $45.00K | $83.00K | $78.00K | $75.00K | $76.00K | $73.00K | $66.00K | $66.00K | $66.00K | $63.00K | $60.00K | $59.00K | $59.00K | $55.00K |
| Change in Working Capital | $825.00K | $948.00K | $-716.00K | $-827.00K | $-1.02M | $440.00K | $-1.54M | $2.93M | $219.00K | $1.44M | $170.00K | $-172.00K | $156.00K | $517.00K | $-305.00K | $429.00K | $106.00K | $-1.71M | $-493.00K | $-526.00K |
| Accounts Receivables | $- | $659.00K | $-120.00K | $473.00K | $-857.00K | $-649.00K | $-163.00K | $529.00K | $-846.00K | $521.00K | $974.00K | $-718.00K | $- | $346.00K | $-18.00K | $448.00K | $-273.00K | $-70.00K | $797.00K | $111.00K |
| Inventory | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Accounts Payables | $171.00K | $12.00K | $25.00K | $93.00K | $-271.00K | $900.00K | $-1.26M | $2.36M | $1.03M | $602.00K | $-173.00K | $487.00K | $-39.00K | $-176.00K | $143.00K | $15.00K | $-37.00K | $-2.19M | $-1.05M | $-671.00K |
| Other Working Capital | $654.00K | $277.00K | $-621.00K | $-1.39M | $103.00K | $189.00K | $-114.00K | $41.00K | $39.00K | $319.00K | $-631.00K | $59.00K | $195.00K | $347.00K | $-430.00K | $-34.00K | $416.00K | $543.00K | $-240.00K | $34.00K |
| Other Non Cash Items | $-3.33M | $2.47M | $-4.36M | $-13.93M | $9.00M | $-3.72M | $-3.23M | $-12.77M | $17.55M | $16.36M | $24.11M | $9.06M | $6.07M | $11.80M | $6.78M | $-197.00K | $-718.00K | $-16.14M | $22.74M | $-4.76M |
| Net Cash Provided by Operating Activities | $3.24M | $2.67M | $-1.21M | $-2.27M | $-3.37M | $-2.00M | $-2.38M | $4.21M | $4.18M | $7.14M | $6.89M | $6.20M | $7.16M | $7.85M | $6.67M | $7.69M | $7.57M | $3.55M | $5.56M | $4.47M |
| Investments in Property Plant and Equipment | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Acquisitions Net | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Purchases of Investments | $-281.81M | $-401.94M | $-1.23B | $-3.15B | $-460.93M | $-784.77M | $-654.01M | $-592.81M | $-388.53M | $-566.25M | $-1.37B | $-804.07M | $-610.96M | $-600.26M | $-296.55M | $-148.54M | $-457.61M | $-279.69M | $-382.76M | $-403.39M |
| Sales Maturities of Investments | $349.66M | $523.59M | $1.26B | $3.22B | $532.30M | $808.41M | $616.30M | $645.42M | $371.58M | $795.51M | $1.05B | $944.50M | $649.18M | $513.71M | $304.31M | $165.60M | $344.86M | $456.55M | $605.79M | $366.37M |
| Other Investing Activities | $-21.50M | $-18.22M | $12.81M | $-26.50M | $-2.30M | $2.92M | $-7.39M | $17.70M | $18.02M | $11.65M | $116.24M | $-104.80M | $27.91M | $55.70M | $-93.92M | $25.45M | $-17.15M | $8.88M | $-17.32M | $65.38M |
| Net Cash Used for Investing Activities | $46.35M | $103.42M | $40.65M | $35.19M | $69.08M | $26.56M | $-45.11M | $70.31M | $1.08M | $240.91M | $-201.75M | $35.63M | $66.14M | $-30.84M | $-86.16M | $42.51M | $-129.90M | $185.74M | $205.71M | $28.36M |
| Debt Repayment | $- | $- | $-46.37M | $-81.64M | $-63.85M | $- | $- | $- | $-12.29M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Common Stock Issued | $46.48M | $9.06M | $7.43M | $16.57M | $9.88M | $3.84M | $3.52M | $863.00K | $1.25M | $- | $-33.00K | $1.93M | $-279.00K | $7.26M | $- | $- | $- | $- | $- | $- |
| Common Stock Repurchased | $- | $- | $- | $- | $- | $- | $- | $- | $-62.00K | $-200.00K | $- | $- | $- | $- | $- | $986.00K | $- | $- | $-986.00K | $747.00K |
| Dividends Paid | $-5.88M | $-4.83M | $-4.66M | $-3.91M | $-3.62M | $-3.33M | $-3.27M | $-3.18M | $-3.15M | $-3.67M | $-3.93M | $-6.48M | $-3.88M | $-3.46M | $-3.46M | $-3.45M | $-3.45M | $-3.45M | $-3.49M | $-3.48M |
| Other Financing Activities | $-183.22M | $-14.01M | $-11.93M | $34.60M | $-11.84M | $-18.02M | $49.09M | $-62.80M | $-3.06M | $-222.91M | $145.97M | $-29.42M | $-66.94M | $25.27M | $77.28M | $-49.77M | $136.04M | $-194.58M | $-182.48M | $-44.18M |
| Net Cash Used Provided by Financing Activities | $-142.61M | $-9.77M | $-55.53M | $-34.38M | $-69.43M | $-17.51M | $49.33M | $-65.12M | $-17.32M | $-226.78M | $142.04M | $-33.97M | $-70.81M | $29.17M | $73.83M | $-53.23M | $132.59M | $-198.03M | $-186.95M | $-47.67M |
| Effect of Forex Changes on Cash | $- | $- | $- | $5.77M | $-5.77M | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Net Change in Cash | $-93.02M | $96.32M | $-16.09M | $-1.46M | $-3.72M | $7.06M | $1.84M | $9.41M | $-12.06M | $21.27M | $-52.82M | $7.86M | $2.49M | $6.18M | $-5.67M | $-3.03M | $10.26M | $-8.74M | $24.32M | $-14.84M |
| Cash at End of Period | $25.75M | $118.76M | $22.44M | $38.53M | $40.00M | $43.71M | $36.66M | $34.82M | $25.41M | $37.47M | $16.21M | $69.03M | $61.17M | $58.68M | $52.50M | $58.17M | $61.19M | $50.94M | $59.67M | $35.35M |
| Cash at Beginning of Period | $118.76M | $22.44M | $38.53M | $40.00M | $43.71M | $36.66M | $34.82M | $25.41M | $37.47M | $16.21M | $69.03M | $61.17M | $58.68M | $52.50M | $58.17M | $61.19M | $50.94M | $59.67M | $35.35M | $50.19M |
| Operating Cash Flow | $3.24M | $2.67M | $-1.21M | $-2.27M | $-3.37M | $-2.00M | $-2.38M | $4.21M | $4.18M | $7.14M | $6.89M | $6.20M | $7.16M | $7.85M | $6.67M | $7.69M | $7.57M | $3.55M | $5.56M | $4.47M |
| Capital Expenditure | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Free Cash Flow | $3.24M | $2.67M | $-1.21M | $-2.27M | $-3.37M | $-2.00M | $-2.38M | $4.21M | $4.18M | $7.14M | $6.89M | $6.20M | $7.16M | $7.85M | $6.67M | $7.69M | $7.57M | $3.55M | $5.56M | $4.47M |
Ellington Residential Mortgage REIT Dividends
Explore Ellington Residential Mortgage REIT's dividend history, including dividend yield, payout ratio, and historical payments.
Dividend Yield
15.49%
Dividend Payout Ratio
309.76%
Dividend Paid & Capex Coverage Ratio
-0.71x
Ellington Residential Mortgage REIT Dividend History
| Dividend | Adjusted Dividend | Date | Record Date | Payment Date | Declaration Date |
|---|---|---|---|---|---|
| $0.08 | $0.08 | March 31, 2025 | March 31, 2025 | April 25, 2025 | March 07, 2025 |
| $0.08 | $0.08 | February 28, 2025 | February 28, 2025 | March 25, 2025 | February 10, 2025 |
| $0.08 | $0.08 | January 31, 2025 | January 31, 2025 | February 25, 2025 | January 08, 2025 |
| $0.08 | $0.08 | December 31, 2024 | December 31, 2024 | January 27, 2025 | December 06, 2024 |
| $0.08 | $0.08 | November 29, 2024 | November 29, 2024 | December 26, 2024 | November 07, 2024 |
| $0.08 | $0.08 | October 31, 2024 | October 31, 2024 | November 25, 2024 | October 07, 2024 |
| $0.08 | $0.08 | September 30, 2024 | September 30, 2024 | October 25, 2024 | September 09, 2024 |
| $0.08 | $0.08 | August 30, 2024 | August 30, 2024 | September 25, 2024 | August 07, 2024 |
| $0.08 | $0.08 | July 31, 2024 | July 31, 2024 | August 26, 2024 | July 08, 2024 |
| $0.08 | $0.08 | June 28, 2024 | June 28, 2024 | July 25, 2024 | June 10, 2024 |
| $0.08 | $0.08 | May 31, 2024 | May 31, 2024 | June 25, 2024 | May 07, 2024 |
| $0.08 | $0.08 | April 29, 2024 | April 30, 2024 | May 28, 2024 | April 08, 2024 |
| $0.08 | $0.08 | March 27, 2024 | March 29, 2024 | April 25, 2024 | March 07, 2024 |
| $0.08 | $0.08 | February 28, 2024 | February 29, 2024 | March 25, 2024 | February 07, 2024 |
| $0.08 | $0.08 | January 30, 2024 | January 31, 2024 | February 26, 2024 | January 08, 2024 |
| $0.08 | $0.08 | December 28, 2023 | December 29, 2023 | January 25, 2024 | December 07, 2023 |
| $0.08 | $0.08 | November 29, 2023 | November 30, 2023 | December 26, 2023 | November 07, 2023 |
| $0.08 | $0.08 | October 30, 2023 | October 31, 2023 | November 27, 2023 | October 06, 2023 |
| $0.08 | $0.08 | September 28, 2023 | September 29, 2023 | October 25, 2023 | September 07, 2023 |
| $0.08 | $0.08 | August 30, 2023 | August 31, 2023 | September 25, 2023 | August 07, 2023 |
Ellington Residential Mortgage REIT News
Read the latest news about Ellington Residential Mortgage REIT, including recent articles, headlines, and updates.
Ellington Credit Is In Transition, And I'm Betting It Pays Off
Ellington Credit Company has shifted from a mortgage REIT to a closed-end fund focusing on high-yield CLOs, aiming for substantial gains. Despite potential high rewards, EARN's transition brings significant risks, with recent earnings volatility and a hefty debt load posing challenges. EARN's valuation appears attractive, trading at a discount with a low P/E ratio, suggesting potential upside if management successfully navigates the CLO market.
Ellington Credit Confirms April 1 Conversion Date
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Company”) announced today it has obtained all necessary approvals from its Board of Trustees and shareholders to convert to a Delaware-registered closed-end fund, effective April 1, 2025 (the “Conversion”). Upon effectiveness of the Conversion, the Company intends to sell its remaining Agency MBS pools, acquire additional CLOs, and operate in compliance with the Investment Company Act of 1940. Laurence Penn, Chie.
Ellington Credit Company (EARN) Q4 2024 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN ) Q4 2024 Earnings Conference Call March 13, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel and Secretary Laurence E. Penn - Chief Executive Officer and President Mark Tecotzky - Co-Chief Investment Officer Christopher Smernoff - Chief Financial Officer Gregory Borenstein - Head of Corporate Credit at Ellington Management Group Conference Call Participants Douglas Harter - UBS Matthew Erdner - JonesTrading Operator Good morning, ladies and gentlemen.
Ellington Credit Company Reports Fourth Quarter 2024 Results
OLD GREENWICH, Conn.--(BUSINESS WIRE)--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 Agenc.
Dividend Power Dogs: 3 Top Dividend Picks For March
Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%.
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--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 stat.
5 'Safe' Buys In 35 February Dividend Power Dogs
The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 2025 include Black Stone Minerals, AG Mortgage Investment, Golden Ocean, ARMOUR Residential, and Invesco Mortgage Capital. Analysts project significant net gains for top Dividend Power stocks, with AG Mortgage and Seanergy Maritime showing the highest potential returns by February 2026.
Ellington Credit Company Reports Preliminary Fourth Quarter 2024 Results and Provides Conversion Update
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported the following preliminary fourth quarter financial results, and update on its portfolio and pending conversion to a CLO closed-end fund. Book value per common share is estimated to be in the range of $6.52 to $6.54 as of December 31, 2024, including the effects of dividends of $0.24 per common share declared during the quarter. Net income (loss) per common share is estimated to be in the range of.
Ellington Credit Company Announces the Income Tax Treatment of its 2024 Distributions
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributions deemed paid in 2024 on the Company's common shares has been posted to the Company's website, at https://www.ellingtoncredit.com/dividend-and-tax-information. The Company operated as a taxable C-Corp throughout all of 2024. About Ellington Credit Company Ellington Credit Company, formerly known as Ellington R.
Ellington Credit Announces Shareholder Approval of Conversion to CLO Closed-End Fund
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (the “Company” or “we”) (NYSE: EARN) announced today that it has received shareholder approval, at a special meeting of shareholders (the “Special Meeting”), for the Company's conversion (the “Conversion”) to a Delaware registered closed-end fund. The converted entity will focus on corporate CLO investments and will be treated as a regulated investment company (“RIC”) under the Internal Revenue Code. The Conversion is anticipated t.
86 MoPay Dividend Stocks, 80 Funds And 25 'Safer' Buys From December
December's MoPay equities offer high-yield, volatile bargains with dividends from $1K investments exceeding share prices, making now an opportune time to buy. Top ten MoPay stocks could net 13.37% to 38.38% gains by December 2025, based on analyst target prices and dividends. Analysts' estimates show a 21.81% average net gain for $1K invested in each of the top ten MoPay stocks, with 16% higher risk/volatility.
Ellington Credit: High Yield Is Not A Red Flag
Ellington Credit is transitioning from a mortgage REIT to a closed-end fund focusing on CLOs to achieve higher risk-adjusted returns. The company's 15% dividend yield is well-covered by distributable earnings, making it an attractive option for passive income investors. Ellington Credit is selling at a discount to book value, offering a buying opportunity as the portfolio transformation progresses.
Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
Ellington Credit Company is attempting to transition from an REIT to a CEF, facing challenges in obtaining shareholder approval despite strong support. The company issued “mirror preferred” shares to amplify voting power and plans to hold another special shareholder meeting in early 2025. The transition aims to avoid double taxation on CLO investments and improve net interest margins, but delays could impact 2025 tax liabilities.
Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (the “Company”) (NYSE: EARN) announced today that its Board of Trustees intends to call a special meeting of shareholders in early 2025 (the “Special Meeting”), to approve its previously announced conversion to a Delaware registered closed-end fund to be treated as a regulated investment company under the Internal Revenue Code, focused on corporate CLO investments (the “Conversion”). In conjunction with the Special Meeting, the Com.
Ellington Credit (EARN) Recently Broke Out Above the 50-Day Moving Average
Ellington Credit (EARN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, EARN broke through the 50-day moving average, which suggests a short-term bullish trend.
Ellington Credit Sets Date for its Annual Meeting of Shareholders
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its 2024 Annual Meeting of Shareholders (the "Annual Meeting") will be held on Wednesday, December 4, 2024, at 10:00 am, Eastern Time, via live webcast at www.virtualshareholdermeeting.com/EARN2024. As of the close of business yesterday, over 92% of votes received have been cast in favor of each of the proposals that would allow the Company to convert to a closed-end investment comp.
Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN ) Q3 2024 Earnings Conference Call November 13, 2024 1:00 PM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer Chris Smernoff - Chief Financial Officer Greg Borenstein - Head of Corporate Credit, Ellington Management Group Conference Call Participants Douglas Harter - UBS Jason Weaver - Jones Trading Operator Good afternoon, ladies and gentlemen. Thank you for standing by.
Ellington Credit Company Reports Third Quarter 2024 Results
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2024. Highlights Net income (loss) of $5.4 million, or $0.21 per share. Adjusted Distributable Earnings1 of $7.2 million, or $0.28 per share. Book value of $6.85 per share as of September 30, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 9.65% on credit, 3.52% on Agency.
Ellington Credit Postpones its Annual Meeting of Shareholders
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced the postponement of its 2024 Annual Meeting of Shareholders (the "Annual Meeting"), scheduled for October 30, 2024. The Annual Meeting is being postponed to provide the Company further time to solicit proxies from the Company's shareholders. The rescheduled date for the Annual Meeting will be determined by the Company's Board of Trustees (the “Board”) in accordance with the applicable pr.
Ellington Credit Company Announces Release Date of Third Quarter 2024 Earnings, Conference Call, and Investor Presentation
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2024 after market close on Tuesday, November 12, 2024. The Company will host a conference call to discuss its financial results at 1:00 p.m. Eastern Time on Wednesday, November 13, 2024. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference t.
ISS Joins Glass Lewis in Recommending EARN Shareholders Vote “FOR” Proposals Related to Strategic Transformation
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that Institutional Shareholder Services Inc. ("ISS") became the second leading independent proxy advisory firm, joining Glass Lewis, to recommend that shareholders of the Company vote “FOR” the proposals (the "Conversion Proposals") set forth by the Board of Trustees of the Company (the "Board") that would allow the Company to complete its conversion to a closed-end investment company re.
Ellington Credit: Interest Rate Cuts Could Help The REIT
The recent Federal Reserve interest rate cut benefits REITs, including Ellington Credit, which has struggled with high rates but now shows potential for improved performance. EARN stands out for its strong dividend payments and attractive price-to-distributable earnings per share, making it a solid choice for income investors. Trading at a price/book ratio close to 1, Ellington Credit's assets are expected to increase in value with declining interest rates, enhancing its investment appeal.
Similar Companies
Related Metrics
Explore detailed financial metrics and analysis for EARN.