Ellington Credit (EARN) to Release Quarterly Earnings on Tuesday

Ellington Credit (NYSE:EARN) is projected to announce its Q1 2025 earnings results after the market closes on Tuesday, May 20th. Analysts expect the company to announce earnings of $0.27 per share and revenue of $10.35 million for the quarter.

Ellington Credit (NYSE:EARN) last released its earnings results on Wednesday, March 12th. The real estate investment trust reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.26 by $0.01. The company had revenue of $6.14 million during the quarter, compared to analysts’ expectations of $9.65 million. Ellington Credit had a return on equity of 15.81% and a net margin of 226.01%. On average, analysts expect Ellington Credit to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Ellington Credit Stock Up 1.0%

EARN opened at $5.70 on Monday. The stock has a market cap of $213.90 million, a PE ratio of 5.08 and a beta of 1.31. The business has a 50 day moving average of $5.41 and a 200-day moving average of $6.17. Ellington Credit has a 52 week low of $4.33 and a 52 week high of $7.26.

Ellington Credit Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, May 30th will be paid a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 16.86%. The ex-dividend date is Friday, May 30th. Ellington Credit’s payout ratio is presently 320.00%.

Insider Activity at Ellington Credit

In other Ellington Credit news, Portfolio Manager Gregory Morris Borenstein purchased 8,000 shares of the firm’s stock in a transaction dated Wednesday, April 9th. The stock was purchased at an average price of $4.73 per share, for a total transaction of $37,840.00. Following the completion of the purchase, the portfolio manager now directly owns 18,000 shares of the company’s stock, valued at $85,140. This trade represents a 80.00% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Ellington Credit stock. Goldman Sachs Group Inc. lifted its holdings in Ellington Credit (NYSE:EARN) by 56.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 126,864 shares of the real estate investment trust’s stock after purchasing an additional 45,845 shares during the quarter. Goldman Sachs Group Inc. owned 0.34% of Ellington Credit worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 20.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on EARN shares. Piper Sandler reduced their price objective on Ellington Credit from $8.00 to $6.50 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. UBS Group reduced their price objective on Ellington Credit from $6.50 to $5.25 and set a “neutral” rating for the company in a research report on Thursday, April 17th. Finally, StockNews.com lowered Ellington Credit from a “hold” rating to a “sell” rating in a research report on Friday.

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.