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Ellington Residential Mortgage REIT (EARN) Q1 2021 Results Conference Call May 04, 2021 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel and Secretary Larry Penn - CEO Mark Tecotzky - Co-Chief Investment Officer Chris Smernoff - CFO Conference Call Participants Eric Hagen...
U.S. equity markets finished broadly higher this past week despite employment data and corporate commentary suggesting a fast-developing labor shortage, one of several notable shortages emerging during post-pandemic economic reopenings. Finishing at fresh record-highs, the S&...
The rally in many high-yield investments is getting out of hand. We’re seeing price-to-book ratios flying well above their normal levels. The increasing prices should cause significant concern, but it appears many investors are feeling complacent about risk after an easy ma...
Ellington Residential Mortgage REIT (EARN): Q1 Non-GAAP EPS of $0.31; GAAP EPS of $0.01.Net interest income of $5.75M (+5.3% Y/Y) beats by $0.41M.Debt-to-equity ratio of 6.8:1 as of March 31, 2021; adjusted for unsettled purchases and sales, the debt-to-equity ratio was 7.0:1.Net mortgag...
Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended March 31, 2021. Highlights Net income of $0.1 million, or $0.01 per share. Core Earnings 1 of $3.8 million, or $0.31 per share. Book value of...
We’ve got a few larger positions in our portfolio. They are generally in shares where the price is quite steady. One of those positions is in ARR-C. The shares carry a fixed-rate dividend at 7%, which is a material return in a relatively expensive market. The monthly divide...
The stock market today doesn’t have as many bargains. Plenty of amateurs may be hunting for high yields. What do they like besides dividends? Hopefully, some rhymes. It's an opportunity to get educated about mortgage REITs, share issuance, and the impact of interest rates. ...
The market is getting more expensive. There’s no way around it. Investors should be cautious, but most are apathetic. There are still a few mortgage REITs trading at favorable discounts with some upside built in. There aren't many, so buying blindly is an exceptionally poor pla...
Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2021 after market close on Monday, May 3, 2021. The Company will host a conference call to discuss its financial results at 11:00 a.m. ...
March 13-April 5, readers mentioned 52 equities in their comments. Some lamented bad news, so bad news investments (rogues) mixed with (mostly) favorites. (Hence, these are the ReFaRo). Ten analyst-target-estimated top-net-gain reader favorites and rogues (ReFa/Ro), BIP, O, KMI, XOM, ...
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Ellington Credit Company (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2024 after market close on Tuesday, May 14, 2024. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Wed...
—Preserving shareholder value by adopting a Section 382 rights plan intended to protect potentially valuable tax assets— —Plan would only remain in effect while the Company operates as taxable C-Corp, and would expire immediately upon the successful completion of the ...
Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company" or "EARN") today announced that it has rebranded as Ellington Credit Company as part of its strategic transformation to focus on corporate collateralized loan obligations ("CLOs"). Specifically, the Company has taken the followin...