Ellington Credit (NYSE:EARN) Posts Earnings Results, Beats Expectations By $0.01 EPS

Ellington Credit (NYSE:EARN) released its earnings results on Wednesday. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.01, Zacks reports. Ellington Credit had a net margin of 226.01% and a return on equity of 15.81%.

Ellington Credit Stock Down 0.2 %

NYSE EARN traded down $0.02 on Wednesday, reaching $6.11. The stock had a trading volume of 862,343 shares, compared to its average volume of 420,910. The stock has a fifty day moving average price of $6.54 and a two-hundred day moving average price of $6.69. Ellington Credit has a 12-month low of $6.04 and a 12-month high of $7.26. The firm has a market capitalization of $178.13 million, a price-to-earnings ratio of 5.45 and a beta of 1.96.

Ellington Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be paid a $0.08 dividend. This represents a $0.96 annualized dividend and a dividend yield of 15.72%. The ex-dividend date of this dividend is Monday, March 31st. Ellington Credit’s dividend payout ratio (DPR) is presently 85.71%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Ellington Credit from a “sell” rating to a “hold” rating in a report on Wednesday, November 20th.

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.