Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio include non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded in August 2012 and is headquartered in Old Greenwich, CT.

Earnings data Q1 2023

Earnings data Q2 2023

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Mortgage REITs have been slammed by the fallout of the ongoing regional banking crisis amid a resurgence of interest rate volatility and credit concerns, erasing their once-robust gains for 2023. Commercial mREITs' exposure to the troubled office sector has come into focus following a wave of mega-sized loan defaults from over-levered private owners. We examine these REITs' sector-by-sector exposure.

Mortgage REITs: High Yield Opportunity And Risk

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U.S. equity markets tumbled this week after the sudden collapse of a pair of technology-focused banks sparked concerns over financial stability and overshadowed a generally solid slate of employment data. Effectively erasing all of its gains for the year and posting its worst week since September 2022, the S&P 500 dipped 4.5% while the Mid-Cap and Small-Cap benchmarks plunged 7%.

Failure Fallout

Jerome Powell swings a wrecking ball into the markets. Even assets that would normally benefit from higher rates are down because of economic risk.

High Yield Carnage Begins

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.56 as of February 28, 2023, which reflects a year-to-date total economic return of approximately 3.8% through February 28, 2023.

Ellington Residential Announces Estimated Book Value Per Share as of February 28, 2023

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on April 25, 2023 to shareholders of record as of March 31, 2023. 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.

Ellington Residential Declares Monthly Common Dividend

Ellington Residential Mortgage REIT (NYSE:EARN ) Q4 2022 Earnings Call Transcript March 7, 2023 11:00 AM ET Company Participants Larry Penn - Chief Executive Officer Chris Smernoff - Chief Financial Officer Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Eric Hagen - BTIG Crispin Love - Piper Sandler Mikhail Goberman - JMP Securities Jason Stewart - JonesTrading Operator Good morning, ladies and gentlemen. Thank you for standing by.

Ellington Residential Mortgage REIT (EARN) Q4 2022 Earnings Call Transcript

The following slide deck was published by Ellington Residential Mortgage REIT in conjunction with their 2022 Q4 earnings call.

Ellington Residential Mortgage REIT 2022 Q4 - Results - Earnings Call Presentation

Ellington Residential (EARN) delivered earnings and revenue surprises of 25% and 114.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Ellington Residential (EARN) Beats Q4 Earnings and Revenue Estimates

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended December 31, 2022. Highlights Net income of $11.7 million, or $0.88 per share. Adjusted Distributable Earnings1 ("ADE") of $3.3 million, or $0.25 per share. Book value of $8.40 per share as of December 31, 2022, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 1.37%.

Ellington Residential Mortgage REIT Reports Fourth Quarter 2022 Results

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Imagine stocks or funds that pay out their dividends once a month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300% or more! These February U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by-yield 101); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >8.69% (80).

102 Monthly Paying Dividend Stocks And 80 Funds For February

Slash to 11% or 12% incoming. Shares already dipped some, though many investors don't know about the cut yet.

16% Dividend Yield Slash Incoming

Big unsustainable yield at a premium valuation. This share isn't for investors, it's for suckers. The valuation is at historically high levels. People who keep holding onto shares are not investing.

Dump This Fat 16% Yield Before The Cut

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2022 after market close on Monday, March 6, 2023. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Tuesday, March 7, 2023. To participate in the event by telephone, please dial (800) 225-9448 at least 10 minutes prior to the start time and reference the conference code EARNQ422. International callers should dial (203) 518-9843 and reference the same code. The conference call will also be webcast live and can be accessed via the "For Our Shareholders" section of the Company's website at www.earnreit.com. To listen to the live webcast, please visit www.earnreit.com at least 15 minutes prior to the start of the call to register, download, and install necessary audio software.

Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2022 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--( BUSINESS WIRE )--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributions deemed paid in 2022 on the Company's common shares has been posted to the Company's website, at https://ir.earnreit.com/dividend-information.

Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2022 Distributions

Similar shares at different valuations are the basis for alpha. The research is so hard, it requires adding dividends or looking at a chart.

A Painfully Obvious Dividend Choice

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101 Monthly Paying Dividend Stocks And 80 Funds For January

OLD GREENWICH, Conn.--( BUSINESS WIRE )--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.40 as of December 31, 2022.

Ellington Residential Announces Estimated Book Value Per Share as of December 31, 2022

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Prior to December 30, 2022, readers mentioned 40 equities in their recent comments. Some lamented bad news, so bad news investments (rogues) mixed with (mostly) favorites. (Thus, these are ReFa/Ro.). Ten analyst-target-estimated top-net-gain Re/Fa/Ro: OILK, VZ, EARN, WBA, HIMX, FSK, USOI, TRIN, GNK, and ORC, averaged 34.13% net gains from data collected 1/9/23.

Readers Reveal 30 Ideal December Dividend Dogs

We're contrasting two sets of investments where one is demonstrably better than the other. Market prices are not efficient. Sometimes investors leave a nice chunk of change on the table.

Dueling Dividends

Ellington Residential lost more than one-third of its book value this year. The trust's portfolio and net interest spread are under pressure from the central bank and a steepening yield curve.

Ellington Residential: Wait For A Drop Before Buying This 14% Yield

Dividend yields: 7.8% to 15%. Dramatic discounts to net asset value. Price to NAV range: .36 to .86.

High-Yield Shares On Sale Today

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Imagine stocks or funds that pay out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These December U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by-yield (100); 2. Stocks by price-upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by-yield >9.12% (80).

100 Monthly Paying Dividend Stocks And 80 Funds For December

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Imagine stocks or funds that pay out their dividends once-a-month! Unlike waiting for quarterly, semi-annual or (ugh) annual payouts, your angst waiting for money is reduced by 300%, or more! These November U.S. exchange-traded monthly-paid (MoPay) dividends, upsides, and net gains include: 1. Stocks by yield (99); 2. Stocks by price upside (30); 3. Closed-End Investments, Exchange-Traded Funds & Notes (CEICs/ETFs/ETNs) by yield >9.39% (80).

99 Monthly Paying Dividend Stocks And 80 Funds For November

Ellington Residential Mortgage REIT (NYSE:EARN ) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel and Secretary Laurence Penn - Chief Executive Officer, President and Trustee Christopher Smernoff - Chief Financial Officer Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Crispin Love - Piper Sandler Doug Harter - Credit Suisse Ethan Saghi - BTIG Mikhail Goberman - JMP Securities Operator Good morning, ladies and gentlemen. Thank you for standing by.

Ellington Residential Mortgage REIT (EARN) Q3 2022 Earnings Call Transcript

News for Ellington Residential Mortgage REIT Stock (EARN)