Ellington Residential Mortgage REIT Stock Price, News & Analysis

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.

Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, payable on March 27, 2023, to shareholders of record as of February 28, 2023. This payment reflects the company's ongoing commitment to returning value to its investors through consistent dividends. The trust specializes in acquiring and managing residential mortgage-related assets, focusing on securities guaranteed by U.S. government entities. The press release also includes cautionary statements regarding forward-looking statements that may affect future dividend payments due to market fluctuations.

Ellington Residential Mortgage REIT (NYSE: EARN) has released information regarding the federal income tax treatment of distributions paid in 2022 on its common shares. This information has been made available on the Company's website, enhancing transparency for shareholders. The REIT focuses on acquiring and managing residential mortgage-related assets, particularly residential mortgage-backed securities, with payments guaranteed by U.S. government agencies or enterprises. Investors can access more details on the tax treatment and distributions through the provided link.

Ellington Residential Mortgage REIT (NYSE: EARN) reported its estimated book value per share at $8.40 as of December 31, 2022. This estimated book value is subject to change upon the completion of month-end and quarter-end valuation processes related to investment positions. Management cautions that this figure may not reflect future results due to various factors like interest rate fluctuations, mortgage default rates, and other market conditions. The press release also contains forward-looking statements that involve uncertainties and risks that could lead to actual results differing from projections.

Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share, scheduled for payment on February 27, 2023. Shareholders of record as of January 31, 2023 will receive this dividend. The Company primarily focuses on residential mortgage-backed securities backed by U.S. government agencies or enterprises.

Ellington Residential Mortgage REIT (NYSE: EARN) has declared a monthly common dividend of $0.08 per share. The dividend is payable on January 25, 2023 to shareholders on record as of December 30, 2022. This continues the company's commitment to providing returns to its shareholders through consistent dividend payments, a reflection of its confidence in managing residential mortgage-related assets.

Ellington Residential Mortgage REIT (EARN) reported a net loss of $(13.7 million, or $(1.04 per share), for Q3 2022. The adjusted distributable earnings were $3.0 million, or $0.23 per share. The book value per share stood at $7.78, including dividends of $0.24. The net interest margin was 1.28%, while the debt-to-equity ratio increased to 9.1:1. The company issued 148,349 shares under its ATM program and repurchased 9,489 shares. Concerns about the Fed's rate hikes contributed to the loss due to increased volatility and liquidity challenges.