NYSE:EARN Ellington Credit (EARN) Stock Price, News & Analysis → Must-See: Elon’s New Invention is Absolutely Insane (From InvestorPlace) (Ad) Free EARN Stock Alerts $7.12 +0.12 (+1.72%) (As of 05/28/2024 ET) Add Compare Share Share Today's Range$6.99▼$7.1250-Day Range$6.56▼$7.2252-Week Range$5.09▼$7.64Volume290,224 shsAverage Volume249,125 shsMarket Capitalization$143.30 millionP/E Ratio24.54Dividend Yield13.49%Price Target$6.00 Stock AnalysisStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrendsStock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestTrends Get Ellington Credit alerts: Email Address Ellington Credit MarketRank™ Stock AnalysisAnalyst RatingHold2.00 Rating ScoreUpside/Downside15.7% Downside$6.00 Price TargetShort InterestHealthy1.34% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.33Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth5.88%From $1.02 to $1.08 Per ShareSee Full Details Hide Full Details Overall MarketRank™New Rank-Based ScoringMarketRank™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.1.46 out of 5 starsFinance Sector830th out of 880 stocksReal Estate Investment Trusts Industry166th out of 177 stocks 1.0 Analyst's Opinion Consensus RatingEllington Credit has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 2 hold ratings, and no sell ratings.Amount of Analyst CoverageEllington Credit has only been the subject of 1 research reports in the past 90 days.Read more about Ellington Credit's stock forecast and price target. Previous Next 5.0 Short Interest Percentage of Shares Shorted1.34% of the outstanding shares of Ellington Credit have been sold short.Short Interest Ratio / Days to CoverEllington Credit has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ellington Credit has recently decreased by 18.47%, indicating that investor sentiment is improving significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipEllington Credit is a leading dividend payer. It pays a dividend yield of 13.71%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEllington Credit does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Ellington Credit is 331.05%. Payout ratios above 75% are not desirable because they may not be sustainable.Dividend SustainabilityBased on EPS estimates, Ellington Credit will have a dividend payout ratio of 88.89% in the coming year. This indicates that Ellington Credit may not be able to sustain their current dividend.Read more about Ellington Credit's dividend. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EARN. Previous Next 1.9 News and Social Media Coverage News SentimentEllington Credit has a news sentiment score of 0.33. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.77 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Ellington Credit this week, compared to 2 articles on an average week.Search InterestOnly 9 people have searched for EARN on MarketBeat in the last 30 days. This is a decrease of -18% compared to the previous 30 days.MarketBeat Follows7 people have added Ellington Credit to their MarketBeat watchlist in the last 30 days. This is an increase of 40% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ellington Credit insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.60% of the stock of Ellington Credit is held by insiders.Percentage Held by InstitutionsOnly 20.40% of the stock of Ellington Credit is held by institutions.Read more about Ellington Credit's insider trading history. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Ellington Credit are expected to grow by 5.88% in the coming year, from $1.02 to $1.08 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ellington Credit is 24.54, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 136.96.Price to Earnings Ratio vs. SectorThe P/E ratio of Ellington Credit is 24.54, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 48.21.Price to Book Value per Share RatioEllington Credit has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.Read more about Ellington Credit's valuation and earnings. Previous Next See Top Rated MarketRank™ Stocks Here Ad Crypto 101 MediaShocking $16T Elon Musk Crypto LeakReports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.Click here now to get your copy. About Ellington Credit Stock (NYSE:EARN)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. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. 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 based in Old Greenwich, Connecticut.Read More EARN Stock Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EARN Stock News HeadlinesMay 28 at 1:41 PM | seekingalpha.com79 Monthly Paid Dividend Stocks & 80 MoPay Funds In MayMay 16, 2024 | markets.businessinsider.comPiper Sandler Reaffirms Their Buy Rating on Ellington Residential Mortgage (EARN)May 14, 2024 | washingtonpost.comEllington Credit: Q1 Earnings SnapshotMay 14, 2024 | businesswire.comEllington Credit Company Reports First Quarter 2024 ResultsMay 14, 2024 | markets.businessinsider.comHere's what Wall Street expects from Ellington Residential Mortgage REIT's earningsMay 13, 2024 | msn.comEllington Credit Company Q1 2024 Earnings PreviewMay 9, 2024 | markets.businessinsider.comBuy Rating Affirmed for Ellington Financial Amid Positive Earnings and Dividend OutlookMay 7, 2024 | businesswire.comEllington Credit Declares Monthly Common DividendMay 1, 2024 | businesswire.comEllington Credit Company Announces Release Date of First Quarter 2024 Earnings, Conference Call, and Investor PresentationApril 27, 2024 | msn.comOpinion: What made Duke Ellington a true geniusApril 26, 2024 | wsj.comDuke Ellington at 125: A Singular Swinging MasterApril 23, 2024 | businesswire.comEllington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-CorpApril 19, 2024 | businesswire.comEllington Residential Rebrands as Ellington Credit CompanyApril 18, 2024 | msn.comIn a duel between Division I softball pitchers, Coventry defeats Ellington 1-0April 18, 2024 | nasdaq.comEllington Residential Mortgage REIT (EARN) Price Target Increased by 25.53% to 10.03April 17, 2024 | finance.yahoo.comSticky Inflation a Boon for These Top 3 REITsApril 8, 2024 | businesswire.comEllington Residential Declares Monthly Common DividendApril 8, 2024 | msn.comPlane misses part of runway at Ellington AirportApril 6, 2024 | bloomberg.comEllington Fund Mints 24% Return With Residential Mortgage BetMarch 23, 2024 | seekingalpha.comEllington Residential's 14% Yield Could Be Sustainable In 2024March 21, 2024 | seekingalpha.comEARN Ellington Residential Mortgage REITMarch 20, 2024 | msn.comPets saved from Ellington fireMarch 15, 2024 | msn.comEllington Retailer Sells Top Prize-Winning CT Lottery TicketMarch 8, 2024 | markets.businessinsider.comPiper Sandler Keeps Their Buy Rating on Ellington Residential Mortgage (EARN)March 8, 2024 | finance.yahoo.comEllington Residential Mortgage REIT (NYSE:EARN) Q4 2023 Earnings Call TranscriptSee More Headlines Receive EARN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ellington Credit and its competitors with MarketBeat's FREE daily newsletter. Email Address Company Calendar Last Earnings3/06/2024Ex-Dividend for 5/28 Dividend4/29/2024Today5/28/2024Dividend Payable5/28/2024Ex-Dividend for 6/25 Dividend5/31/2024Dividend Payable6/25/2024Next Earnings (Estimated)8/08/2024Fiscal Year End12/31/2024Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE SectorFinance Industry Real estate investment trusts Sub-IndustryN/A Current SymbolNYSE:EARN CUSIPN/A CIK1560672 Webwww.earnreit.com Phone(203) 698-1200FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Target$6.00 High Stock Price Target$6.00 Low Stock Price Target$6.00 Potential Upside/Downside-15.7%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.29 Trailing P/E Ratio24.54 Forward P/E Ratio6.98 P/E GrowthN/ANet Income$4.56 million Net MarginsN/A Pretax Margin10.72% Return on Equity12.21% Return on Assets1.53% Debt Debt-to-Equity RatioN/A Current Ratio0.09 Quick Ratio0.09 Sales & Book Value Annual Sales$42.55 million Price / Sales3.37 Cash Flow$0.85 per share Price / Cash Flow8.37 Book Value$8.34 per share Price / Book0.85Miscellaneous Outstanding Shares20,140,000Free Float19,611,000Market Cap$143.30 million OptionableOptionable Beta1.86 These 7 Stocks Will Be Magnificent in 2024With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.Get This Free Report Key ExecutivesMr. Laurence Eric Penn (Age 62)CEO, President & Trustee Mr. Christopher M. Smernoff (Age 47)Chief Financial Officer Comp: $92.93kMr. J. R. Herlihy (Age 43)Chief Operating Officer Comp: $152.93kMr. Michael William Vranos (Age 62)Co-Chief Investment Officer & Trustee Mr. Mark Ira Tecotzky (Age 62)Co-Chief Investment Officer Mr. Daniel Reuven Margolis (Age 51)General Counsel Mr. Vincent AmbricoControllerMr. Alaael-Deen ShillehAssociate General Counsel & SecretaryMore ExecutivesKey CompetitorsModiv IndustrialNYSE:MDVLument Finance TrustNYSE:LFTGreat AjaxNYSE:AJXGranite Point Mortgage TrustNYSE:GPMTBraemar Hotels & ResortsNYSE:BHRView All CompetitorsInstitutional OwnershipInspire Advisors LLCBought 1,903 shares on 5/8/2024Ownership: 0.063%Quadrature Capital LtdBought 5,337 shares on 3/25/2024Ownership: 0.176%View All Institutional Transactions EARN Stock Analysis - Frequently Asked Questions Should I buy or sell Ellington Credit stock right now? 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Credit in the last twelve months. There are currently 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" EARN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EARN, but not buy additional shares or sell existing shares. View EARN analyst ratings or view top-rated stocks. What is Ellington Credit's stock price target for 2024? 2 brokerages have issued twelve-month price targets for Ellington Credit's shares. Their EARN share price targets range from $6.00 to $6.00. On average, they predict the company's share price to reach $6.00 in the next twelve months. This suggests that the stock has a possible downside of 15.7%. View analysts price targets for EARN or view top-rated stocks among Wall Street analysts. How have EARN shares performed in 2024? Ellington Credit's stock was trading at $6.13 at the beginning of 2024. Since then, EARN stock has increased by 16.1% and is now trading at $7.1150. View the best growth stocks for 2024 here. Are investors shorting Ellington Credit? Ellington Credit saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 269,200 shares, a decrease of 18.5% from the April 30th total of 330,200 shares. Based on an average trading volume of 245,700 shares, the days-to-cover ratio is presently 1.1 days. View Ellington Credit's Short Interest. When is Ellington Credit's next earnings date? The company is scheduled to release its next quarterly earnings announcement on Thursday, August 8th 2024. View our EARN earnings forecast. How were Ellington Credit's earnings last quarter? Ellington Credit (NYSE:EARN) announced its earnings results on Wednesday, March, 6th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The real estate investment trust earned $0.38 million during the quarter, compared to analysts' expectations of $2.57 million. How often does Ellington Credit pay dividends? What is the dividend yield for Ellington Credit? Ellington Credit declared a monthly dividend on Tuesday, May 7th. Stockholders of record on Friday, May 31st will be paid a dividend of $0.08 per share on Tuesday, June 25th. This represents a $0.96 dividend on an annualized basis and a yield of 13.49%. The ex-dividend date of this dividend is Friday, May 31st. Read our dividend analysis for EARN. Is Ellington Credit a good dividend stock? Ellington Credit (NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 13.71%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 331.05%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EARN will have a dividend payout ratio of 88.89% in the coming year. This indicates that the company may not be able to sustain their current dividend. Read our dividend analysis for EARN. What ETF holds Ellington Credit's stock? Hoya Capital High Dividend Yield ETF holds 119,016 shares of EARN stock, representing 1.31% of its portfolio. What other stocks do shareholders of Ellington Credit own? Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Credit investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), C3.ai (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and AGNC Investment (AGNC). Who are Ellington Credit's major shareholders? Ellington Credit's stock is owned by a variety of retail and institutional investors. Top institutional investors include Inspire Advisors LLC (0.06%). View institutional ownership trends. How do I buy shares of Ellington Credit? Shares of EARN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here. This page (NYSE:EARN) was last updated on 5/29/2024 by MarketBeat.com Staff From Our PartnersThe #1 Crypto That You Don’t Own… YetCrypto 101 MediaWARNING about the death of the U.S. dollar…Colonial MetalsExposed: 10 CENT Crypto to Explode May 20th?True Market InsidersTim Sykes’ Urgent Trade Alert: “Make this move now”Timothy SykesMissed NVDA? Buy this AI stock NOWChaikin AnalyticsDigitizing the $11T commodities sector with one tiny stockResource Stock DigestElon’s New Device is About to Shock the WorldInvestorPlaceHe Is Giving Away BitcoinCrypto Swap Profits Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Ellington Credit Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. Start Your 30-Day Free Trial Sign in to your free account to enjoy these benefits In-depth profiles and analysis for 20,000 public companies. Real-time analyst ratings, insider transactions, earnings data, and more. Our daily ratings and market update email newsletter. Sign in to your free account to enjoy all that MarketBeat has to offer. Sign In Create Account Your Email Address: Email Address Required Your Password: Password Required Log In or Sign in with Facebook Sign in with Google Forgot your password? Your Email Address: Please enter your email address. Please enter a valid email address Choose a Password: Please enter your password. Your password must be at least 8 characters long and contain at least 1 number, 1 letter, and 1 special character. Create My Account (Free) or Sign in with Facebook Sign in with Google By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
