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Ellington Residential Mortgage REIT EARN
Real Estate - REIT - Mortgage - NYSE - US
Watchlist
$ 4.61
-2.74 %
$ 173 M
Market Cap
16.46
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one EARN stock under the worst case scenario is HIDDEN Compared to the current market price of 4.61 USD, Ellington Residential Mortgage REIT is HIDDEN

EARN Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one EARN stock under the base case scenario is HIDDEN Compared to the current market price of 4.61 USD, Ellington Residential Mortgage REIT is HIDDEN

EARN Intrinsic Value
HIDDEN
SHOW

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one EARN stock under the best case scenario is HIDDEN Compared to the current market price of 4.61 USD, Ellington Residential Mortgage REIT is HIDDEN

EARN Intrinsic Value
HIDDEN
SHOW
2. FUNDAMENTAL ANALYSIS

Price Chart EARN

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1M -25%
6M -38%
1Y -25%
3Y -35%
5Y 3%
All
$7.0$7.0$6.5$6.5$6.0$6.0$5.5$5.5$5.0$5.0$4.5$4.515 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
15.1 M REVENUE
23283.08%
Growth Rates
1Year 23283.08%
3Years 207.42%
5Years -11.36%
7Years -1.28%
10Years -3.68%
13 M OPERATING INCOME
414.76%
Growth Rates
1Year 414.76%
3Years 59.46%
5Years -10.25%
7Years -10.51%
10Years -10.39%
6.59 M NET INCOME
44.46%
Growth Rates
1Year 44.46%
3Years 44.93%
5Years -21.61%
7Years -6.81%
10Years -8.59%
9.11 M OPERATING CASH FLOW
190.92%
Growth Rates
1Year 190.92%
3Years -31.12%
5Years -12.27%
7Years -23.65%
10Years -8.12%
116 M INVESTING CASH FLOW
35.84%
Growth Rates
1Year 35.84%
3Years 112.87%
5Years -12.10%
7Years 12.24%
10Years 23.30%
-132 M FINANCING CASH FLOW
-83.73%
Growth Rates
1Year -83.73%
3Years -319.85%
5Years 9.89%
7Years -3.82%
10Years -33.96%
6.14 M REVENUE
29.25%
Growth Rates
1Year 23283.08%
3Years 207.42%
5Years -11.36%
7Years -1.28%
10Years -3.68%
5.72 M OPERATING INCOME
71.30%
Growth Rates
1Year 414.76%
3Years 59.46%
5Years -10.25%
7Years -10.51%
10Years -10.39%
-2 M NET INCOME
-36.82%
Growth Rates
1Year 44.46%
3Years 44.93%
5Years -21.61%
7Years -6.81%
10Years -8.59%
4.41 M OPERATING CASH FLOW
35.95%
Growth Rates
1Year 190.92%
3Years -31.12%
5Years -12.27%
7Years -23.65%
10Years -8.12%
-74 M INVESTING CASH FLOW
-159.59%
Growth Rates
1Year 35.84%
3Years 112.87%
5Years -12.10%
7Years 12.24%
10Years 23.30%
75.7 M FINANCING CASH FLOW
153.06%
Growth Rates
1Year -83.73%
3Years -319.85%
5Years 9.89%
7Years -3.82%
10Years -33.96%
Balance Sheet Ellington Residential Mortgage REIT
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Current Assets 42.4 M
Cash & Short-Term Investments 31.8 M
Receivables 10.5 M
Other Current Assets 0
Non-Current Assets 684 M
Long-Term Investments 684 M
PP&E 0
Other Non-Current Assets 0
4.38 %94.17 %Total Assets$726.3m
Current Liabilities 630 M
Accounts Payable 32.5 M
Short-Term Debt 0
Other Current Liabilities 598 M
Non-Current Liabilities 0
Long-Term Debt 0
Other Non-Current Liabilities 0
5.16 %94.84 %Total Liabilities$630.4m
EFFICIENCY
Earnings Waterfall Ellington Residential Mortgage REIT
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Revenue 15.1 M
Cost Of Revenue 0
Gross Profit 15.1 M
Operating Expenses 2.11 M
Operating Income 13 M
Other Expenses 6.38 M
Net Income 6.59 M
16m16m14m14m12m12m10m10m8m8m6m6m4m4m2m2m0015m015m(2m)13m(6m)7mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
100.00% GROSS MARGIN
100.00%
Averages
1Year 100.00%
3Years 97.63%
5Years 144.76%
7Years 134.36%
10Years 118.88%
86.02% OPERATING MARGIN
86.02%
Averages
1Year 86.02%
3Years 2115.07%
5Years 1511.09%
7Years 1038.50%
10Years 833.40%
43.71% NET MARGIN
43.71%
Averages
1Year 43.71%
3Years -2373.25%
5Years -1181.91%
7Years -804.79%
10Years -549.72%
3.40% ROE
3.40%
Averages
1Year 3.40%
3Years -6.71%
5Years -2.42%
7Years -0.80%
10Years 0.84%
0.80% ROA
0.80%
Averages
1Year 0.80%
3Years -0.53%
5Years -0.06%
7Years 0.07%
10Years 0.19%
12.54% ROIC
12.54%
Averages
1Year 12.54%
3Years 2.10%
5Years 1.60%
7Years 1.87%
10Years -296.71%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Ellington Residential Mortgage REIT
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70m70m60m60m50m50m40m40m30m30m20m20m10m10m00(10m)(10m)(20m)(20m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income 6.59 M
Depreciation & Amortization 0
Capital Expenditures 0
Stock-Based Compensation 442 K
Change in Working Capital 0
Others 2.08 M
Free Cash Flow 9.11 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Ellington Residential Mortgage REIT
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Wall Street analysts predict an average 1-year price target for EARN of $8 , with forecasts ranging from a low of $8 to a high of $8 .
EARN Lowest Price Target Wall Street Target
8 USD 73.54%
EARN Average Price Target Wall Street Target
8 USD 73.54%
EARN Highest Price Target Wall Street Target
8 USD 73.54%
Price
Max Price Target
Min Price Target
Average Price Target
8888777766665555May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
3.60% DIVIDEND YIELD
0.08 USD DIVIDEND PER SHARE
Q1
Q2
Q3
Q4
2.502.502.002.001.501.501.001.000.500.500.000.000.550.450.40.370.340.280.280.10.10.10.080.080.080.080.080.080.080.080.080.550.40.40.370.280.280.30.10.080.080.080.080.080.080.080.080.080.450.40.40.370.280.280.30.080.080.080.080.080.080.080.080.080.452.000.41.650.371.570.341.450.281.180.281.120.10.980.10.380.10.360.080.340.080.320.080.320.080.320.080.320.080.320.080.320.080.240.080.160.082015201520162016201720172018201820192019202020202021202120222022202320232024202420252025
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5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Ellington Residential Mortgage REIT
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Ellington Credit Declares Monthly Common Dividend OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we" or the "Fund") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on May 27, 2025 to shareholders of record as of April 30, 2025. As previously announced, in connection with its recently completed conversion to a closed-end fund registered under the Investment Company Act of 1940, the Fund has implemented a Dividend Reinvestment Plan (the "DRP"). The DRP. businesswire.com - 1 week ago
Ellington Credit to Ring the Closing Bell at the New York Stock Exchange OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) announced today that it will ring the closing bell at the New York Stock Exchange on April 2, 2025 to celebrate its conversion to a closed-end fund focused on corporate collateralized loan obligation (“CLO”) investments. The ringing of the closing bell will also commemorate the 30-year anniversary of Ellington Management Group, the parent company of EARN's investment adviser. About Ellington Credit Company Ellington Cr. businesswire.com - 2 weeks ago
Ellington Credit Completes Conversion to Closed-end Fund OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Fund”) announced today the completion of its conversion to a Delaware-domiciled closed-end fund registered under the Investment Company Act of 1940 (the “Conversion”). In conjunction with the Conversion, the Fund intends to sell its remaining Agency MBS pools, acquire additional corporate collateralized loan obligations (“CLOs”), and operate as a Regulated Investment Company (“RIC”) under U.S. federal tax law. Th. businesswire.com - 2 weeks ago
Ellington Credit Is In Transition, And I'm Betting It Pays Off Ellington Credit Company has shifted from a mortgage REIT to a closed-end fund focusing on high-yield CLOs, aiming for substantial gains. Despite potential high rewards, EARN's transition brings significant risks, with recent earnings volatility and a hefty debt load posing challenges. EARN's valuation appears attractive, trading at a discount with a low P/E ratio, suggesting potential upside if management successfully navigates the CLO market. seekingalpha.com - 3 weeks ago
Ellington Credit Confirms April 1 Conversion Date OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) (the “Company”) announced today it has obtained all necessary approvals from its Board of Trustees and shareholders to convert to a Delaware-registered closed-end fund, effective April 1, 2025 (the “Conversion”). Upon effectiveness of the Conversion, the Company intends to sell its remaining Agency MBS pools, acquire additional CLOs, and operate in compliance with the Investment Company Act of 1940. Laurence Penn, Chie. businesswire.com - 3 weeks ago
Ellington Credit Company (EARN) Q4 2024 Earnings Call Transcript Ellington Credit Company (NYSE:EARN ) Q4 2024 Earnings Conference Call March 13, 2025 11:00 AM ET Company Participants Alaael-Deen Shilleh - Associate General Counsel and Secretary Laurence E. Penn - Chief Executive Officer and President Mark Tecotzky - Co-Chief Investment Officer Christopher Smernoff - Chief Financial Officer Gregory Borenstein - Head of Corporate Credit at Ellington Management Group Conference Call Participants Douglas Harter - UBS Matthew Erdner - JonesTrading Operator Good morning, ladies and gentlemen. seekingalpha.com - 1 month ago
Ellington Credit Company Reports Fourth Quarter 2024 Results OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today reported financial results for the quarter ended December 31, 2024. Fourth Quarter Highlights Net income (loss) of $(2.0) million, or $(0.07) per share. Adjusted Distributable Earnings1 of $7.8 million, or $0.27 per share. Book value of $6.53 per share as of December 31, 2024, which includes the effects of dividends of $0.24 per share for the quarter. Net interest margin2 of 8.54% on credit, 3.24% on Agenc. businesswire.com - 1 month ago
Dividend Power Dogs: 3 Top Dividend Picks For March Three top Dividend Power stocks, Golden Ocean, Diversified Energy, and Saratoga Investment Corp, offer "safer" dividends with free cash-flow yields exceeding dividend yields. The Dividend Power strategy focuses on high earnings yield and top dividend yield stocks, creating a resilient portfolio for both downturns and bull markets. Analysts predict significant net gains (39.97% to 168.6%) for the top ten Dividend Power stocks by March 2026, with an average net gain of 77.96%. seekingalpha.com - 1 month ago
Ellington Credit Declares Monthly Common Dividend OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on April 25, 2025 to shareholders of record as of March 31, 2025. 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-looking stat. businesswire.com - 1 month ago
The 5 Highest-Yielding Monthly Dividend Stocks Deliver Gigantic Passive Income Streams According to the Internal Revenue Service (IRS), passive income generally includes earnings from rental activity or any trade, business, or investment in which the individual does not materially participate. 247wallst.com - 1 month ago
5 'Safe' Buys In 35 February Dividend Power Dogs The Dividend Power strategy focuses on stocks with high earnings and dividend yields, creating a resilient portfolio for both downturns and bull markets. Top five Dividend Power stocks for February 2025 include Black Stone Minerals, AG Mortgage Investment, Golden Ocean, ARMOUR Residential, and Invesco Mortgage Capital. Analysts project significant net gains for top Dividend Power stocks, with AG Mortgage and Seanergy Maritime showing the highest potential returns by February 2026. seekingalpha.com - 2 months ago
Ellington Credit Declares Monthly Common Dividend OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (NYSE: EARN) ("we") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable on March 25, 2025 to shareholders of record as of February 28, 2025. 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-looking s. businesswire.com - 2 months ago
8. Profile Summary

Ellington Residential Mortgage REIT EARN

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COUNTRY US
INDUSTRY REIT - Mortgage
MARKET CAP $ 173 M
Dividend Yield 3.60%
Description Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing 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 comprising non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.
Contact 53 Forest Avenue, Old Greenwich, CT, 06870 https://www.earnreit.com
IPO Date May 1, 2013
Employees 150
Officers Mr. Daniel Reuven Margolis J.D. General Counsel Mr. Laurence Eric Penn Chief Executive Officer, President & Trustee Mr. Vincent Ambrico Controller Mr. J. R. Herlihy Chief Operating Officer Mr. Christopher Max Smernoff CPA Chief Financial Officer Mr. Michael William Vranos Co-Chief Investment Officer & Trustee Mr. Mark Ira Tecotzky Co-Chief Investment Officer Mr. Alaael-Deen Shilleh Associate General Counsel & Secretary