Ellington Credit (EARN) Expected to Announce Quarterly Earnings on Wednesday

Ellington Credit (NYSE:EARN) is projected to issue its quarterly earnings data before the market opens on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $9.65 million for the quarter.

Ellington Credit Price Performance

Ellington Credit stock opened at $6.53 on Wednesday. The firm has a market capitalization of $190.38 million, a PE ratio of 5.83 and a beta of 1.85. The company’s 50-day moving average is $6.57 and its 200-day moving average is $6.72. Ellington Credit has a fifty-two week low of $5.88 and a fifty-two week high of $7.26.

Ellington Credit Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, February 28th will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $0.96 annualized dividend and a dividend yield of 14.71%. Ellington Credit’s dividend payout ratio is presently 85.71%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Ellington Credit from a “sell” rating to a “hold” rating in a research note on Wednesday, November 20th.

Ellington Credit Company Profile

Ellington Credit Company, a real estate investment trust, acquires, invests in, and manages 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, such as non-agency CMOs, such as investment grade and non-investment grade.