Ellington Credit (NYSE:EARN) Announces Quarterly Earnings Results

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

Ellington Credit Trading Down 0.2 %

EARN stock opened at $6.11 on Thursday. Ellington Credit has a 1-year low of $6.03 and a 1-year high of $7.26. The firm has a market cap of $178.13 million, a P/E ratio of 5.45 and a beta of 1.96. The business’s 50 day moving average is $6.53 and its 200-day moving average is $6.68.

Ellington Credit Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.96 annualized dividend and a yield of 15.72%. Ellington Credit’s dividend payout ratio is 85.71%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Ellington Credit from a “sell” rating to a “hold” rating in a research report 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.