Ellington Credit (EARN) News Today

Ellington Credit (NYSE:EARN) Share Price Crosses Above 200-Day Moving Average of $6.62

Ellington Credit (NYSE:EARN) announced a monthly dividend on Monday, July 8th. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.08 per share by the real estate investment trust on Monday, August 26th. This represents a $0.96 dividend on an annualized basis and a yield of 13.75%. The ex-dividend date is Wednesday, July 31st.

Ellington Credit (NYSE:EARN - Get Free Report) was the target of a significant drop in short interest in the month of June. As of June 15th, there was short interest totalling 309,800 shares, a drop of 32.1% from the May 31st total of 456,400 shares. Based on an average trading volume of 248,900 shares, the days-to-cover ratio is currently 1.2 days.

Ellington Credit (NYSE:EARN) declared a monthly dividend on Monday, June 10th. Shareholders of record on Friday, June 28th will be given a dividend of 0.08 per share by the real estate investment trust on Thursday, July 25th. This represents a $0.96 annualized dividend and a yield of 13.77%. The ex-dividend date is Friday, June 28th.

Ellington Residential Mortgage REIT (NYSE:EARN - Get Free Report) released its quarterly earnings data on Tuesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.03. The business had revenue of $0.28 million for the quarter, compared to the consensus estimate of $4.02 million. During the same quarter in the prior year, the business posted $0.21 earnings per share.

Ellington Residential Mortgage REIT (NYSE:EARN - Get Free Report) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totalling 330,200 shares, an increase of 59.9% from the April 15th total of 206,500 shares. Based on an average trading volume of 246,800 shares, the short-interest ratio is currently 1.3 days.

Ellington Residential Mortgage REIT (NYSE:EARN) declared a monthly dividend on Wednesday, May 8th. Stockholders of record on Friday, May 31st will be given a dividend of 0.08 per share by the real estate investment trust on Tuesday, June 25th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.60%. The ex-dividend date is Friday, May 31st.

Ellington Residential Mortgage REIT (NYSE:EARN) will be releasing earnings after the market closes on Tuesday, May 14, Zacks reports. (Register for Conference Call at http://mmm.wallstreethorizon.com/u.asp?u=466511)

JMP Securities restated a "market perform" rating on shares of Ellington Residential Mortgage REIT in a report on Thursday.

Ellington Residential Mortgage REIT (NYSE:EARN) declared a monthly dividend on Monday, April 8th. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.08 per share by the real estate investment trust on Tuesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 14.16%. The ex-dividend date is Monday, April 29th.

Ellington Residential Mortgage REIT (NYSE:EARN - Get Free Report) was the target of a large increase in short interest in February. As of February 29th, there was short interest totalling 519,500 shares, an increase of 49.8% from the February 14th total of 346,800 shares. Based on an average daily volume of 256,400 shares, the short-interest ratio is currently 2.0 days.

Ellington Residential Mortgage REIT (NYSE:EARN) declared a monthly dividend on Thursday, March 7th. Investors of record on Friday, March 29th will be paid a dividend of 0.08 per share by the real estate investment trust on Thursday, April 25th. This represents a $0.96 annualized dividend and a dividend yield of 15.48%. The ex-dividend date is Wednesday, March 27th.