Ellington Credit (EARN) Recently Broke Out Above the 50-Day Moving Average
Ellington Credit (EARN) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, EARN broke through the 50-day moving average, which suggests a short-term bullish trend.
Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN ) Q3 2024 Earnings Conference Call November 13, 2024 1:00 PM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel Larry Penn - Chief Executive Officer Mark Tecotzky - Co-Chief Investment Officer Chris Smernoff - Chief Financial Officer Greg Borenstein - Head of Corporate Credit, Ellington Management Group Conference Call Participants Douglas Harter - UBS Jason Weaver - Jones Trading Operator Good afternoon, ladies and gentlemen. Thank you for standing by.
Ellington Credit (EARN) Q3 Earnings Beat Estimates
Ellington Credit (EARN) came out with quarterly earnings of $0.28 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.21 per share a year ago.
Ellington Credit: Interest Rate Cuts Could Help The REIT
The recent Federal Reserve interest rate cut benefits REITs, including Ellington Credit, which has struggled with high rates but now shows potential for improved performance. EARN stands out for its strong dividend payments and attractive price-to-distributable earnings per share, making it a solid choice for income investors. Trading at a price/book ratio close to 1, Ellington Credit's assets are expected to increase in value with declining interest rates, enhancing its investment appeal.
Ellington Credit Company (EARN) Q2 2024 Earnings Call Transcript
Ellington Credit Company (NYSE:EARN ) Q2 2024 Earnings Conference Call August 13, 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 JR Herlihy - COO Conference Call Participants Jason Weaver - JonesTrading Eric Hagen - BTIG Operator Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Ellington Credit Company 2024 Second Quarter Financial Results Conference Call.
Ellington Credit (EARN) Q2 Earnings Surpass Estimates
Ellington Credit (EARN) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to earnings of $0.17 per share a year ago.
Are Finance Stocks Lagging Ellington Credit Company (EARN) This Year?
Here is how Ellington Credit (EARN) and Credicorp (BAP) have performed compared to their sector so far this year.
Ellington Credit: 14% Yield, Major Strategic Change, 4% BV Discount
Ellington Credit Co. rebranded in April 2024, shifting focus from Mortgage-Backed Securities to Collateralized Debt Obligations. The company plans to maintain a $0.08 per share per month dividend, with a 5% discount to book value. Ellington Credit's transition to CLO investments may lead to less earnings volatility and a higher quality of earnings, making it a 'Buy' for passive income investors.
Ellington Credit (EARN) Upgraded to Strong Buy: Here's What You Should Know
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).
Ellington Credit (EARN) Recently Broke Out Above the 20-Day Moving Average
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.
Are Finance Stocks Lagging Ellington Credit Company (EARN) This Year?
Here is how Ellington Credit (EARN) and Innovative Industrial Properties (IIPR) have performed compared to their sector so far this year.
All You Need to Know About Ellington Credit (EARN) Rating Upgrade to Buy
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).
