Ellington Residential's 14% Yield Could Be Sustainable In 2024 [Seeking Alpha]
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
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Source: Seeking Alpha
Ellington Residential's dividend pay-out metrics improved in the fourth quarter, making a dividend cut less likely. The trust's 7% discount to net asset value makes it an appealing investment option. The central bank held short-term interest rates steady at this week's Fed meeting and reaffirmed its desire to shoot for three rate cuts in 2024. With interest rates poised to normalize in the latter part of the year, I think that mortgage real estate investment trusts like Ellington Residential Mortgage REIT Inc. ( NYSE: EARN could make a comeback and become more compelling yield investments for passive income investors. The mortgage trust's dividend pay-out metrics already improved in the fourth quarter as Ellington Residential covered its $0.24 per share cumulative dividend pay-out with adjusted distributable earnings and lower short-term interest rates point to re-pricing potential for rate-dependent mortgage-backed securities. With an improved pay-out metric, a dividend cut
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High impacting Ellington Credit Company Common Shares of Beneficial Interest news events
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EARN
News
- Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-Corp [Yahoo! Finance]Yahoo! Finance
- Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-CorpBusiness Wire
- Ellington Residential Rebrands as Ellington Credit Company [Yahoo! Finance]Yahoo! Finance
- Ellington Residential Rebrands as Ellington Credit CompanyBusiness Wire
- Ellington Residential Mortgage REIT (NYSE: EARN) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
EARN
Earnings
- 3/6/24 - Beat
EARN
Sec Filings
- 4/23/24 - Form 8-K
- 4/19/24 - Form 8-K
- 4/12/24 - Form 10-K/A
- EARN's page on the SEC website