EARN Stock Recent News

Ellington Credit (EARN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on July 25, 2024 to shareholders of record as of June 28, 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-looki.

After reaching an important support level, Ellington Credit (EARN) could be a good stock pick from a technical perspective. EARN surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Here is how Ellington Credit (EARN) and Innovative Industrial Properties (IIPR) have performed compared to their sector so far this year.

Ellington Credit (EARN) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

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.

$178.25   Dynamic Income Opportunities Fund (NYSE:PDO) 14.21% $177.63 Apollo Senior Floating Rate Fund Inc.

Ellington Residential Mortgage REIT has announced its decision to transform from a REIT into a closed-end fund that trades in corporate collateralized loan obligations. The transformation is seen as a strategic move to take advantage of the growing CLO market and the potential benefits of CLO investments. EARN's transformation follows the trend of other fund managers finding ways to create new CEFs or transform existing ones to capitalize on the opportunities in the CLO market.

Amid inflationary pressure, one should consider investing in REITs such as Centerspace (CSR), Ellington Residential Mortgage REIT (EARN) and Iron Mountain (IRM).

The central bank plans to shoot for three rate cuts in 2024, which could benefit mortgage real estate investment trusts like Ellington Residential. Ellington Residential's dividend pay-out metrics improved in the fourth quarter, making a dividend cut less likely. The trust's 7% discount to net asset value makes it an appealing investment option.