Ellington Residential Mortgage Achieves Strong Q3 Performance
Company Announcements

Ellington Residential Mortgage Achieves Strong Q3 Performance

Ellington Residential Mortgage ( (EARN) ) has provided an announcement.

Ellington Credit Company reported a net income of $5.4 million in Q3 2024, highlighting strong performance in its CLO debt and equity portfolios. The company saw significant growth in its CLO portfolio, increasing to $144.5 million, and maintained a healthy dividend yield of 14.5%. As it transitions to focus on corporate CLOs, Ellington is well-positioned to capitalize on market inefficiencies, aiming to enhance shareholder value through strategic trading and refinancings.

See more data about EARN stock on TipRanks’ Stock Analysis page.

Related Articles
TheFlyEllington Residential reports Q3 adjusted EPS 28c, consensus 28c
Austin AngeloEARN Earnings Report this Week: Is It a Buy, Ahead of Earnings?
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App