EARN Stock Overview
A real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
+ 2 more risks
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Ellington Credit Company Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$6.46 |
| 52 Week High | US$7.26 |
| 52 Week Low | US$5.54 |
| Beta | 1.9 |
| 1 Month Change | -2.86% |
| 3 Month Change | -7.85% |
| 1 Year Change | 2.38% |
| 3 Year Change | -40.30% |
| 5 Year Change | -43.03% |
| Change since IPO | -66.85% |
Recent News & Updates
Recent updates
Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
Dec 11Ellington Credit: Interest Rate Cuts Could Help The REIT
Sep 25Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount
Jul 04EARN: Transforming From A 14% Yielding REIT To A CLO CEF
Apr 18Ellington Residential's 14% Yield Could Be Sustainable In 2024
Mar 23Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)
Sep 26Ellington Residential Mortgage REIT declares $0.08 dividend
Feb 07Ellington Residential Mortgage REIT declares $0.08 dividend
Jan 09Ellington Residential: Wait For A Drop Before Buying This 14% Yield
Jan 03Ellington Residential Mortgage REIT declares $0.08 dividend
Dec 07Shareholder Returns
| EARN | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | -6.1% | -6.4% | -4.0% |
| 1Y | 2.4% | 33.4% | 24.0% |
Return vs Industry: EARN underperformed the US Capital Markets industry which returned 33.4% over the past year.
Return vs Market: EARN underperformed the US Market which returned 24% over the past year.
Price Volatility
| EARN volatility | |
|---|---|
| EARN Average Weekly Movement | 2.8% |
| Capital Markets Industry Average Movement | 4.0% |
| Market Average Movement | 6.4% |
| 10% most volatile stocks in US Market | 16.8% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: EARN has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: EARN's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | n/a | Larry Penn | www.ellingtoncredit.com |
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.
Ellington Credit Company Fundamentals Summary
| EARN fundamental statistics | |
|---|---|
| Market cap | US$184.90m |
| Earnings (TTM) | US$21.03m |
| Revenue (TTM) | n/a |
8.8x
P/E Ratio-11.9x
P/S RatioIs EARN overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| EARN income statement (TTM) | |
|---|---|
| Revenue | -US$15.58m |
| Cost of Revenue | US$0 |
| Gross Profit | -US$15.58m |
| Other Expenses | -US$36.61m |
| Earnings | US$21.03m |
Last Reported Earnings
Sep 30, 2024
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.73 |
| Gross Margin | 100.00% |
| Net Profit Margin | -135.02% |
| Debt/Equity Ratio | 259.2% |
How did EARN perform over the long term?
See historical performance and comparisonDividends
14.9%
Current Dividend Yield94%
Payout RatioDoes EARN pay a reliable dividends?
See EARN dividend history and benchmarks| Ellington Credit dividend dates | |
|---|---|
| Ex Dividend Date | Nov 29 2024 |
| Dividend Pay Date | Dec 26 2024 |
| Days until Ex dividend | 21 days |
| Days until Dividend pay date | 6 days |
Does EARN pay a reliable dividends?
See EARN dividend history and benchmarksCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/19 00:04 |
| End of Day Share Price | 2024/12/19 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Ellington Credit Company is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Eric Hagen | BTIG |
| Douglas Harter | Credit Suisse |
| Stephen Laws | Deutsche Bank |