Ellington Credit (NYSE:EARN – Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $0.36 EPS for the quarter, topping the consensus estimate of $0.24 by $0.12, Zacks reports. The company had revenue of $3.90 million for the quarter, compared to analyst estimates of $6.35 million. During the same quarter last year, the business posted $0.17 earnings per share.
Ellington Credit Stock Performance
NYSE:EARN traded down $0.01 during mid-day trading on Wednesday, hitting $6.98. 35,734 shares of the stock were exchanged, compared to its average volume of 290,748. The firm’s 50-day simple moving average is $6.97 and its 200 day simple moving average is $6.69. Ellington Credit has a fifty-two week low of $5.09 and a fifty-two week high of $7.26. The stock has a market capitalization of $142.92 million, a price-to-earnings ratio of 24.10 and a beta of 1.89.
Ellington Credit Dividend Announcement
The business also recently disclosed a monthly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 30th will be issued a $0.08 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.96 annualized dividend and a dividend yield of 13.75%. Ellington Credit’s dividend payout ratio is currently 331.03%.
Analyst Ratings Changes
Check Out Our Latest Stock Report on Ellington Credit
About Ellington Credit
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.
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