Ellington Residential Mortgage REIT Stock Price, News & Analysis

Ellington Residential Mortgage REIT (NYSE: EARN) reported an estimated book value per share of $8.31 as of March 31, 2023. This estimate incorporates the impact of a previously announced monthly dividend of $0.08 per common share, scheduled for payment on April 25, 2023, to shareholders on record as of March 31, 2023, with an ex-dividend date of March 30, 2023. The company cautioned that this estimated book value is subject to change following month-end evaluation procedures and is not guaranteed to reflect future financial results.

Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, set to be paid on May 25, 2023, to shareholders on record as of April 28, 2023. This announcement reflects the company's commitment to returning value to shareholders, consistent with its business strategy of managing a portfolio focused on residential mortgage-backed securities.

Investors should note that the press release includes forward-looking statements regarding the dividend payment, indicating potential risks and uncertainties that could affect future performance. Factors such as changes in interest rates, mortgage default rates, and government regulations could impact the company's business condition and liquidity.

Ellington Residential Mortgage REIT (NYSE: EARN) reported an estimated book value per share of $8.56 as of February 28, 2023, reflecting a year-to-date total economic return of approximately 3.8%. This figure corrects an earlier estimate made during the company's earnings call. The book value is subject to change based on valuation procedures, which may lead to material alterations. The company has cautioned investors that actual results may differ from estimates due to numerous risks, including fluctuations in interest rates and mortgage default rates.

Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly dividend of $0.08 per share, payable on April 25, 2023. This dividend is aimed at rewarding shareholders, and the record date for this payment is March 31, 2023. The REIT specializes in managing residential mortgage-backed securities and is externally managed by Ellington Residential Mortgage Management LLC. Investors should note that the company faces risks related to market fluctuations, interest rates, and economic conditions that might impact future dividends.

Ellington Residential Mortgage REIT (NYSE: EARN) reported strong Q4 2022 results with a net income of $11.7 million or $0.88 per share, and an Adjusted Distributable Earnings (ADE) of $3.3 million or $0.25 per share. The book value per share rose to $8.40, with a dividend yield of 12.7%. The company achieved a non-annualized economic return of 11.1%, benefiting from a favorable Agency RMBS market. The debt-to-equity ratio decreased to 7.6:1, and significant gains were realized on Agency RMBS. The portfolio turnover stood at 18%, with plans to increase investment in non-Agency mortgage markets moving into 2023.

Ellington Residential Mortgage REIT (NYSE: EARN) announced its financial results for the quarter ended December 31, 2022, will be released after market close on March 6, 2023. A conference call is scheduled for March 7, 2023, at 11:00 a.m. Eastern Time to discuss the results, with dial-in options and a live webcast available. An investor presentation will also be posted on the company's website after the earnings release. Ellington Residential Mortgage REIT focuses on acquiring and managing residential mortgage-backed securities primarily guaranteed by U.S. government entities.