Ellington Credit (NYSE:EARN – Get Free Report) released its earnings results on Monday. The real estate investment trust reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.12, Zacks reports. The firm had revenue of $3.90 million for the quarter, compared to analyst estimates of $6.35 million. During the same period last year, the firm earned $0.17 EPS.
Ellington Credit Stock Down 0.3 %
Shares of NYSE EARN traded down $0.02 during midday trading on Wednesday, reaching $6.97. 115,635 shares of the stock were exchanged, compared to its average volume of 291,260. The firm has a market cap of $142.71 million, a price-to-earnings ratio of 24.10 and a beta of 1.89. The firm has a 50-day simple moving average of $6.97 and a two-hundred day simple moving average of $6.69. Ellington Credit has a twelve month low of $5.09 and a twelve month high of $7.26.
Ellington Credit Dividend Announcement
The business also recently declared a monthly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 30th will be issued a $0.08 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 13.77%. The ex-dividend date of this dividend is Friday, August 30th. Ellington Credit’s payout ratio is presently 331.03%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Ellington Credit
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.
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