Ellington Credit Company (EARN)
Ellington Credit Company operates in the Asset Management industry of the Financial Services sector, headquartered in Old Greenwich, CT, US. The stock last traded at $4.35, down 0.23% on the session, giving a market capitalisation of $163.4M. On trailing twelve-month figures it carries a trailing P/E of -3.32, a net margin of -68.0%. Its beta of 1.27 implies it has historically moved more than the broad market.
Ellington Residential Mortgage REIT functions as a real estate investment trust (REIT), with its core business focused on the acquisition, investment, and oversight of assets tied to residential mortgages and real estate. The company's holdings primarily include various Residential Mortgage-Backed Securities (RMBS), such as government-backed agency pools and agency Collateralized Mortgage Obligations (CMOs). Additionally, it invests in non-agency RMBS, which encompasses non-agency CMOs ranging from investment-grade to non-investment-grade ratings. Having opted for REIT tax treatment, the company benefits from an exemption from corporate income tax on the segment of its net earnings that are distributed to its investors. Ellington Residential Mortgage REIT was established in 2012 and is headquartered in Old Greenwich, Connecticut.
Ellington Credit Company is most often compared with the following Financial Services names: