marchmeena29 The central bank held short-term interest rates steady at this week’s Fed meeting and reaffirmed its desire to shoot for three rate cuts in 2024. With interest rates poised to normalize in the latter part of the year, I think that mortgage real estate investment trusts like Ellington Residential Mortgage REIT Inc. (NYSE:EARN) could make a comeback and become more compelling yield investments for passive income investors. The mortgage trust’s dividend pay-out metrics already improved in the ...

Investors interested in Finance stocks should always be looking to find the best-performing companies in the group. Ellington Residential (EARN) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Ellington Residential is a member of the Finance sector. This group includes 855 individual stocks and currently holds a Zacks Sector Rank of #5. The Za ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-35896 Ellington Residential Mortgage REIT (Exact Name of Registrant as Specified in Its Charter) Maryland 46-0687599 (State or Other Jurisdictio ...

Earnings Conference Call Q4 2023 March 7, 2024 The Company's results can fluctuate from month to month and from quarter to quarter depending on a variety of factors, some of which are beyond the Company's control and/or are difficult to predict, including, without limitation, changes in interest rates and the market value of the Company's securities, changes in mortgage default rates and prepayment rates, the Company's ability to borrow to finance its assets, changes in government regulations affecting the ...

Ellington Residential Mortgage REIT (NYSE:EARN) Q4 2023 Earnings Conference Call March 7, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Chris Smernoff - CFO Mark Tecotzky - Co-CIO Conference Call Participants Doug Harter - UBS Matthew Erdner - JonesTrading Eric Hagen - BTIG Operator Good morning ladies and gentlemen. Thank you for standing by and welcome to the Ellington Residential Mortgage REIT 2023 Fourth Quarter Financial Results Conference Call. ...

Ellington Residential (EARN) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.39%. A quarter ago, it was expected that this residential mortgage real estate investment trust would post earnings of $0.25 per share when it actually produced earnings of $0.21, delivering a surprise of ...

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended December 31, 2023. Highlights Net income (loss) of $12.4 million, or $0.75 per share. Adjusted Distributable Earnings1 of $4.6 million, or $0.27 per share. Book value of $7.32 per share as of December 31, 2023, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 2.02% on Agency, 6.28% o ...

Exhibit 99.1 Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results OLD GREENWICH, Connecticut—March 6, 2024 Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended December 31, 2023. Highlights • Net income (loss) of $12.4 million, or $0.75 per share. • Adjusted Distributable Earnings1 of $4.6 million, or $0.27 per share. • Book value of $7.32 per share as of December 31, 2023, which includes the effects of dividends of ...

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2023 after market close on Wednesday, March 6, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Thursday, March 7, 2024. To participate in the event by telephone, please dial (800) 579-2543 at least 10 minutes prior to the start time and reference the confer ...

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on March 25, 2024 to shareholders of record as of February 29, 2024. Cautionary Statement Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward- ...