Ellington Credit Company (EARN)
| Market Cap | 178.83M |
| Revenue (ttm) | 35.89M |
| Net Income (ttm) | -5.25M |
| Shares Out | 37.57M |
| EPS (ttm) | -0.19 |
| PE Ratio | n/a |
| Forward PE | 4.78 |
| Dividend | $0.96 (20.17%) |
| Ex-Dividend Date | Apr 30, 2026 |
| Volume | 384,131 |
| Open | 4.760 |
| Previous Close | 4.740 |
| Day's Range | 4.710 - 4.778 |
| 52-Week Range | 4.270 - 6.080 |
| Beta | 1.29 |
| Analysts | Buy |
| Price Target | 5.38 (+13.03%) |
| Earnings Date | Jun 16, 2026 |
About EARN
Ellington Credit Company, a closed-end management investment company, focuses on generating current yields and risk-adjusted total returns by investing primarily in collateralized loan obligations. It invests in mezzanine debt and equity tranches. The company was formerly known as Ellington Residential Mortgage REIT and changed its name to Ellington Credit Company in April 2024. Ellington Credit Company was incorporated in 2012 and is headquartered in Old Greenwich, Connecticut. [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 2 analysts, the average rating for EARN stock is "Buy." The 12-month stock price target is $5.38, which is an increase of 13.03% from the latest price.
News
Ellington Credit Declares Monthly Common Dividend
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, ...
Ellington Credit Company Closes Offering of Unsecured Notes
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the closing of its previously announced underwritten public offering of $50.0 million aggregat...
Ellington Credit Company Prices Offering of Unsecured Notes
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the pricing of an underwritten public offering of $50 million aggregate principal amount of 8....
Ellington Credit Company Announces Offering of Unsecured Notes
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) today announced the commencement of an underwritten public offering of unsecured notes due 2031 (the “2031 Not...
Ellington Credit Company Earnings Call Transcript: Q4 2025
Q4 2025 saw a challenging CLO equity market, with a 9% NAV decline, but active trading and a shift to mezzanine debt limited losses and outperformed peers. The portfolio remains diversified, with increased credit hedges and a focus on seizing distressed market opportunities.
Ellington Credit Company Announces Financial Results for the Third Fiscal Quarter Ended December 31, 2025
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended December 31, 2025. Highlights Net asset value (NAV) per share...
Ellington Credit Company Announces Release Date of Earnings, Conference Call, and Investor Presentation
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2025 after market...
Ellington Credit Announces the Income Tax Treatment of its 2025 Distributions
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Fund") today announced that information regarding the federal income tax treatment of the distributions deemed paid i...
Ellington Credit Company Earnings Call Transcript: Q3 2025
Full dividend coverage was achieved as net investment income and the CLO portfolio grew, supported by active trading and increased credit hedges for downside protection. The company plans to issue unsecured notes to further enhance earnings and maintain a balanced, risk-managed portfolio.
Ellington Credit Company Announces Financial Results for the Second Fiscal Quarter Ended September 30, 2025
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended September 30, 2025. Highlights Net asset value (NAV) per shar...
Ellington Credit Company Earnings Call Transcript: Q2 2025
Achieved a 19.7% annualized NAV-based return and strong net income, driven by CLO equity and mezzanine performance, with the CLO portfolio growing 27% to $317 million. Outlook remains positive, with plans for further portfolio expansion and new debt issuance.
Ellington Credit Company Announces Financial Results for the First Fiscal Quarter Ended June 30, 2025
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended June 30, 2025. Highlights Net asset value (NAV) per share was...
Ellington Credit Company Earnings Call Transcript: Q1 2025
Conversion to a closed-end fund was completed with minimal NAV impact, and the CLO portfolio grew 46% to $250 million. Despite a net loss from CLO mark-to-market declines, agency mortgages outperformed, and strong liquidity positions the fund for further CLO investments.
Ellington Credit Company Reports Results for Three-Month Period Ended March 31, 2025
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the three-month period ended March 31, 2025. Highlights Net income (loss) of $(...
Ellington Credit to Ring the Closing Bell at the New York Stock Exchange
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) announced today that it will ring the closing bell at the New York Stock Exchange on April 2, 2025 to celebrate its convers...
Ellington Credit Completes Conversion to Closed-end Fund
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) announced today the completion of its conversion to a Delaware-domiciled closed-end fund registered under the ...
Ellington Credit Confirms April 1 Conversion Date
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Company”) announced today it has obtained all necessary approvals from its Board of Trustees and shareholders to conv...
Ellington Credit Company Earnings Call Transcript: Q4 2024
Shareholders approved a shift to a CLO-focused closed-end fund, with 72% capital in CLOs by year-end and agency RMBS holdings set for sale post-conversion. Q4 saw a net loss but strong distributable earnings, and the company expects to fully deploy new capital into CLOs by mid-year.
Ellington Credit Company Reports Fourth Quarter 2024 Results
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended December 31, 2024. Fourth Quarter Highlights Net income (loss...
Ellington Credit Company Announces Release Date of Fourth Quarter 2024 Earnings, Conference Call, and Investor Presentation
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2024 after market...
Ellington Credit Company Reports Preliminary Fourth Quarter 2024 Results and Provides Conversion Update
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported the following preliminary fourth quarter financial results, and update on its portfolio and pending c...
Ellington Credit Company Announces the Income Tax Treatment of its 2024 Distributions
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributions deemed pai...
Ellington Credit Announces Shareholder Approval of Conversion to CLO Closed-End Fund
OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (the “Company” or “we”) (NYSE: EARN) announced today that it has received shareholder approval, at a special meeting of shareholders (th...
Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock
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 ...
Ellington Credit Sets Date for its Annual Meeting of Shareholders
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 Wednesd...