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.

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Ellington Residential Mortgage REIT reports strong Q4 performance and navigates interest rate risks effectively

EARN navigated Q4 2022 well with improved performance, effective risk management, and a focus on balancing financing costs and prepayment risks. Challenges include potential performance impact from higher coupon rates and the need to manage dividend coverage amidst market volatility.

Ellington Residential Mortgage REIT (EARN) reports resilient earnings amid market challenges

Ellington Residential Mortgage REIT (EARN) navigated a challenging market environment in Q1 2023, reporting positive earnings despite volatility. The company's strategic focus on portfolio construction and risk management contributed to its outperformance. EARN remains optimistic about future opportunities in Agency MBS and non-agency investments.

Ellington Residential Mortgage REIT reports solid Q2 performance and eyes growth opportunities amidst market challenges

Ellington Residential Mortgage REIT delivered solid financial performance in Q2 2023, supported by a focus on discount specified pools and dynamic hedging strategies.
Stable access to financing, strategic portfolio adjustments, and optimism about Agency MBS outlook position the REIT for future growth and value creation.
Challenges related to market volatility and interest rate fluctuations require proactive risk management and adaptation to changing market conditions.
Opportunities in non-Agency portfolios, improving housing affordability, and potential catalysts for mortgage leverage increase offer avenues for portfolio diversification and growth.

Ellington Residential Mortgage REIT reports Q3 challenges and growth opportunities

Ellington Residential Mortgage REIT (EARN) navigated challenges in Q3 2023 with resilience, reporting an increase in adjusted distributable earnings despite a net loss per share.
Maintaining a strong liquidity position and diversifying investments into corporate CLOs, EARN aims to capitalize on growth opportunities amidst market uncertainties.
While facing headwinds from market conditions, EARN's strategic moves and financial stability position it well to leverage emerging opportunities and manage risks effectively.

Ellington Residential Mortgage REIT (EARN) reports robust Q4 performance

Ellington Residential Mortgage REIT (EARN) demonstrated resilience and strong financial performance in Q4 2023 amidst market challenges, with strategic portfolio management and solid earnings.
While facing market volatility and interest rate fluctuations, EARN's prudent risk management, optimistic outlook, and growth opportunities position the company for continued success and value creation.
By navigating challenges, leveraging strengths, and seizing opportunities, EARN remains well-positioned to drive growth, optimize returns, and deliver value to its stakeholders.

Ellington REIT excels in CLO focus, anticipates smooth transition

Ellington Residential Mortgage REIT's strategic shift to focus on corporate CLOs has yielded positive results, with strong income generation and a growing CLO portfolio.
While challenges and uncertainties exist in the transition process, the company's prudent management of expenses and portfolio diversification are key strengths.
Opportunities for growth and enhanced returns through CLO investments and the new fund structure position Ellington Credit Company for future success.
Investors should monitor the progress of the transition and the impact on overall performance, considering the potential risks and rewards of the evolving investment strategy.

Ellington Residential Mortgage REIT shifts focus to CLO strategy

Ellington Residential Mortgage REIT showcased a strategic shift towards a CLO-focused closed-end fund, reporting a net loss of $0.04 per share in Q2 2024.
The company's emphasis on the outperformance of the CLO strategy, successful portfolio growth, and positive investor feedback highlights a promising trajectory.
Challenges include managing performance dispersion in CLO investments and interest rate volatility, with opportunities lying in portfolio optimization and potential dividend increases.
Overall, Ellington Residential Mortgage REIT's earnings call reflects a strategic transformation with strengths in CLO focus and investor confidence, amidst challenges and growth opportunities.

Ellington Residential Mortgage REIT (EARN) reports strong Q3 performance and strategic growth plans

Ellington Residential Mortgage REIT (EARN) showcased a strong financial performance in Q3 2024, driven by positive results in CLO investments and strategic deal refinancings.
While facing challenges in securing shareholder votes for the conversion to a closed-end fund and addressing concerns about credit quality and dividend sustainability, EARN remains focused on optimizing its portfolio and driving growth.
Opportunities lie in the company's successful capital raising efforts, readiness to invest in new CLO equity, and the potential for further enhancing its financial position through strategic initiatives.

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Ellington Credit Co. is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio includes 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 on August 2, 2012 and is headquartered in Old Greenwich, CT.

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: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)

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 Prepares for Special Meeting and Issues Mirror Preferred Stock

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on January 27, 2025 to shareholders of record as of December 31, 2024. 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. Forwar.

Ellington Credit Declares Monthly Common Dividend

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 (EARN) Recently Broke Out Above the 50-Day Moving Average

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Imagine stocks and funds paying you dividends monthly! Your angst awaiting payout is reduced 300%, or more, compared to quarterly, semi-annual, or (ugh) annual doles! These November U.S. exchanged monthly paid (MoPay) dividends, upsides, and net-gains include: 1. Stocks by yield (87); 2. Stock by price upside (30); 3. Closed-End-Investments, Exchange-Traded-Funds & Notes (CEICs/ETFs/ETNs) by yield >10% (80); 4. 'Safer' Ideal-cash-rich (24). Items: 1. Top MoPay stock gains; 2. Overall best MoPay gainers; 3. Funds vs. Equities; 4. Fund risks/rewards. 5. Safer Equity Rankings, all per prices as of 11/22/24.

24 November Ideal 'Safer' MoPay Dividend Dogs From 87 Equities And 80 Funds

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 Sets Date for its Annual Meeting of Shareholders

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 (EARN) Q3 2024 Earnings Call Transcript

Ellington Credit (EARN) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.21 per share a year ago.

Ellington Credit (EARN) Q3 Earnings Beat Estimates

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 Company Reports Third Quarter 2024 Results

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 Postpones its Annual Meeting of Shareholders

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.

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 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.

ISS Joins Glass Lewis in Recommending EARN Shareholders Vote “FOR” Proposals Related to Strategic Transformation

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.

Ellington Credit: Interest Rate Cuts Could Help The REIT

Ellington Credit Company (NYSE:EARN ) Q2 2024 Earnings Conference Call August 13, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Chris Smernoff - CFO Mark Tecotzky - Co-CIO Gregory Borenstein - Co-Head of Corporate Credit JR Herlihy - COO Conference Call Participants Jason Weaver - JonesTrading Eric Hagen - BTIG Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Ellington Credit Company 2024 Second Quarter Financial Results Conference Call.

Ellington Credit Company (EARN) Q2 2024 Earnings Call Transcript

Ellington Credit (EARN) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.17 per share a year ago.

Ellington Credit (EARN) Q2 Earnings Surpass Estimates

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the quarter ended June 30, 2024. Highlights Net income (loss) of $(0.8) million, or $(0.04) per share. Adjusted Distributable Earnings1 of $7.3 million, or $0.36 per share. Book value of $6.91 per share as of June 30, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net in.

Ellington Credit Company Reports Second Quarter 2024 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended June 30, 2024 after market close on Monday, August 12, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Tuesday, August 13, 2024. To participate in the event by telephone, please dial (800) 579-2543 at least 10 minutes prior to the start time and reference the conferen.

Ellington Credit Company Announces Release Date of Second Quarter 2024 Earnings, Conference Call, and Investor Presentation

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81 Monthly Paid Dividend Stocks And 80 MoPay Funds For July

Here is how Ellington Credit (EARN) and Credicorp (BAP) have performed compared to their sector so far this year.

Are Finance Stocks Lagging Ellington Credit Company (EARN) This Year?

Ellington Credit Co. rebranded in April 2024, shifting focus from Mortgage-Backed Securities to Collateralized Debt Obligations. The company plans to maintain a $0.08 per share per month dividend, with a 5% discount to book value. Ellington Credit's transition to CLO investments may lead to less earnings volatility and a higher quality of earnings, making it a 'Buy' for passive income investors.

Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount

Ellington Credit (EARN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Ellington Credit (EARN) Upgraded to Strong Buy: Here's What You Should Know

After reaching an important support level, Ellington Credit (EARN) could be a good stock pick from a technical perspective. EARN surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Ellington Credit (EARN) Recently Broke Out Above the 20-Day Moving Average

Ellington Credit (EARN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

All You Need to Know About Ellington Credit (EARN) Rating Upgrade to Buy

Ellington Credit Company (NYSE:EARN ) Q1 2024 Earnings Conference Call May 15, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Chris Smernoff - CFO Mark Tecotzky - Co-CIO Gregory Borenstein - Co-Head of Corporate Credit Conference Call Participants Crispin Love - Piper Sandler Doug Harter - UBS Matthew Erdner - JonesTrading Operator Good morning ladies and gentlemen. Thank you for standing by.

Ellington Credit Company (EARN) Q1 2024 Earnings Call Transcript

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the quarter ended March 31, 2024. Highlights Net income (loss) of $4.0 million, or $0.20 per share. Adjusted Distributable Earnings1 of $5.3 million, or $0.27 per share. Book value of $7.21 per share as of March 31, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net inte.

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