Ellington Credit (NYSE:EARN) Announces Quarterly Earnings Results

Ellington Credit (NYSE:EARNGet Free Report) announced its quarterly earnings results on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01, Zacks reports. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%.

Ellington Credit Stock Down 0.2 %

Shares of NYSE:EARN traded down $0.02 during midday trading on Wednesday, reaching $6.11. 861,109 shares of the company were exchanged, compared to its average volume of 420,888. The firm has a market cap of $178.13 million, a PE ratio of 5.45 and a beta of 1.96. Ellington Credit has a fifty-two week low of $6.04 and a fifty-two week high of $7.26. The stock has a fifty day simple moving average of $6.54 and a two-hundred day simple moving average of $6.69.

Ellington Credit Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 15.72%. The ex-dividend date is Monday, March 31st. Ellington Credit’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Ratings Changes

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

Read Our Latest Stock Analysis on Ellington Credit

About Ellington Credit

(Get Free Report)

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.

See Also

Earnings History for Ellington Credit (NYSE:EARN)

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