Ellington Credit (EARN) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system ...

Ellington Credit Company (NYSE:EARN) Q1 2024 Earnings Conference Call May 15, 2024 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - CEO Chris Smernoff - CFO Mark Tecotzky - Co-CIO Gregory Borenstein - Co-Head of Corporate Credit Conference Call Participants Crispin Love - Piper Sandler Doug Harter - UBS Matthew Erdner - JonesTrading Operator Good morning ladies and gentlemen. Thank you for standing by. Welcome to the Ellington Credit Company 2024 First Quarter Fi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 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 Credit Company (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation or Orga ...

ELLINGTON CREDIT COMPANY Q1 2024 EARNINGS Forward-Looking Statements Certain statements in this presentation constitute forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve numerous risks and uncertainties. Actual results may differ from our beliefs, expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future event ...

Exhibit 99.1 Ellington Credit Company Reports First Quarter 2024 Results OLD GREENWICH, Connecticut—May 14, 2024 Ellington Credit Company, formerly known as Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our"), today reported financial results for the quarter ended March 31, 2024. Highlights Strategic Transformation On March 29, 2024, our Board of Trustees approved a strategic transformation of our investment strategy to focus on corporate CLOs, with an emphasis on mezzanine debt and equi ...

Klaus Vedfelt In my latest article regarding the pending merger of the Apollo funds, AIF and AFT, with and into the BDC, MidCap Financial Investment Corp. (MFIC), I discussed how those 2 CEFs will be integrated into a new asset class and that this situation represents a unique opportunity. I find it rather interesting that Apollo wants to dissolve the two CEFs, while some other fund managers are finding ways to start new ones. A new opportunity has emerged that involves a transformation from an REIT to ...

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 ...

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 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of Incorporation o ...

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 ...