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

Ellington Credit (NYSE:EARN) is expected 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. Investors interested in participating in the company’s conference call can do so using this link.

Ellington Credit Price Performance

Ellington Credit stock opened at $6.43 on Tuesday. Ellington Credit has a one year low of $5.93 and a one year high of $7.26. The company’s fifty day moving average price is $6.57 and its two-hundred day moving average price is $6.71. The company has a market capitalization of $187.61 million, a price-to-earnings ratio of 5.74 and a beta of 1.85.

Ellington Credit Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 25th. Shareholders of record on Friday, February 28th will be issued a dividend of $0.08 per share. This represents a $0.96 dividend on an annualized basis and a yield of 14.93%. The ex-dividend date of this dividend is Friday, February 28th. Ellington Credit’s dividend payout ratio (DPR) is 85.71%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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.