EARN News and Press, Ellington Residential Mortgage REIT of Beneficial Interest From 11/11/22

Summary Huge rally in the sector today as rates plunged. CPI readings are still a poor metric for monetary policy. We’re seeing some deflation recently rather than inflation. Using the wrong metrics to evaluate policy and generate headlines leads investors to think infl...

Ellington Residential Mortgage REIT (EARN) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel and Secretary Laurence Penn - Chief Executive Officer, President and Trustee Christopher Smernoff -...

The following slide deck was published by Ellington Residential Mortgage REIT in conjunction with their 2022 Q3 earnings call. For further details see: Ellington Residential Mortgage REIT 2022 Q3 - Results - Earnings Call Presentation

Summary Following our prior article on the dramatic market failure between similar shares, the gap closed 6% in a week. In one case, that eliminated the problem with valuation. However, one share still has further to outperform. We're sharing some of our subscriber research on...

Summary Ellington Residential Mortgage REIT's yield is over 15% now, and will be higher if the stock falls, giving you some protection to the downside. The Federal Reserve's super aggressive response to high inflation continues to drive markets, but it has resulted in extreme vola...

Ellington Residential Mortgage REIT press release ( NYSE: EARN ): Q3 Non-GAAP EPS of $0.23 misses by $0.01 . Total net interest income of $5.19M (+5.7% Y/Y) beats by $0.69M . Debt-to-equity ratio of 9.1:1 as of September 30, 2022. Net mortgage assets-t...

Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended September 30, 2022. Highlights Net loss of $(13.7) million, or $(1.04) per share. Adjusted Distributable Earnings 1 of $3.0 million, or $0.23 per...

Summary One of our picks today has about 40% upside to our recent targets in addition to a 12% yield. Rallying 40% would not even push the share price above book value. It would still have a modest discount. While share prices are down over 20% year-to-date, book value is actu...

Summary You want huge yield with upside? Here it is. Rising short-term rates could push yields even higher. The market failure here is painfully obvious. Other investors are paying far more for a very similar share. Get ready for charts, images, and tables because they...

Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2022 after market close on Wednesday, November 9, 2022. The Company will host a conference call to discuss its financial results at...