0.00%
-0.91%
0.31%
-6.55%
9.52%
-37.76%
-39.03%
AI Spotlight on EARN
Company Description
Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets.It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade.The company has elected to be taxed as a real estate investment trust.
As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.
Market Data
| Last Price | 6.56 |
| Change Percentage | 0.00% |
| Open | 6.57 |
| Previous Close | 6.56 |
| Market Cap ( Millions) | 191 |
| Volume | 866503 |
| Year High | 7.26 |
| Year Low | 5.54 |
| M A 50 | 6.64 |
| M A 200 | 6.84 |
Financial Ratios
| FCF Yield | 1.27% |
| Dividend Yield | 14.63% |
| ROE | 13.64% |
| Debt / Equity | 0.00% |
| Net Debt / EBIDTA | -54.01% |
| Price To Book | 0.88 |
| Price Earnings Ratio | 7.98 |
| Price To FCF | 78.7 |
| Price To sales | 13.51 |
| EV / EBITDA | 3.47 |
News
- Jan -21 - Ellington Credit Announces Shareholder Approval of Conversion to CLO Closed-End Fund
- Dec -31 - 86 MoPay Dividend Stocks, 80 Funds And 25 'Safer' Buys From December
- Dec -23 - Ellington Credit: High Yield Is Not A Red Flag
- Dec -11 - Ellington Credit: Still Waiting For Approval To Transition To A CEF (Rating Downgrade)
- Dec -09 - Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred Stock
- Dec -05 - Ellington Credit (EARN) Recently Broke Out Above the 50-Day Moving Average
- Nov -21 - Ellington Credit Sets Date for its Annual Meeting of Shareholders
- Nov -13 - Ellington Credit Company (EARN) Q3 2024 Earnings Call Transcript
- Nov -13 - Ellington Credit (EARN) Q3 Earnings Beat Estimates
- Nov -13 - Ellington Credit Company Reports Third Quarter 2024 Results
- Oct -30 - Ellington Credit Postpones its Annual Meeting of Shareholders
- Oct -29 - Ellington Credit Company Announces Release Date of Third Quarter 2024 Earnings, Conference Call, and Investor Presentation
- Oct -25 - ISS Joins Glass Lewis in Recommending EARN Shareholders Vote “FOR” Proposals Related to Strategic Transformation
- Sep -25 - Ellington Credit: Interest Rate Cuts Could Help The REIT
- Sep -23 - Ellington Credit Postpones its Annual Meeting of Shareholders
- Aug -13 - Ellington Credit Company (EARN) Q2 2024 Earnings Call Transcript
- Aug -12 - Ellington Credit (EARN) Q2 Earnings Surpass Estimates
- Aug -01 - Ellington Credit Company Announces Release Date of Second Quarter 2024 Earnings, Conference Call, and Investor Presentation
- Jul -26 - 81 Monthly Paid Dividend Stocks And 80 MoPay Funds For July
- Jul -10 - Are Finance Stocks Lagging Ellington Credit Company (EARN) This Year?
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Real Estate Investment Trust
Expected Growth : 6.0 %
What the company do ?
Ellington Residential Mortgage REIT is a Real Estate Investment Trust (REIT) that specializes in investing in and managing residential mortgage-backed securities.
Why we expect these perspectives ?
Ellington Residential Mortgage REIT's 6.0% growth is driven by increasing demand for housing, low interest rates, and a strong US economy. The REIT's diversified portfolio of residential mortgage-backed securities and whole loans also contributes to its growth. Additionally, the company's active management and hedging strategies help to mitigate risks and maximize returns.
Ellington Residential Mortgage Reit Products
| Product Range | What is it ? |
|---|---|
| Residential Mortgage-Backed Securities (RMBS) | Ellington Residential Mortgage REIT invests in and manages a diversified portfolio of RMBS, which are securities backed by residential mortgages. |
| Agency RMBS | Ellington Residential Mortgage REIT invests in agency RMBS, which are guaranteed by government-sponsored entities such as Fannie Mae and Freddie Mac. |
| Non-Agency RMBS | Ellington Residential Mortgage REIT invests in non-agency RMBS, which are not guaranteed by government-sponsored entities. |
| To-Be-Announced (TBA) Securities | Ellington Residential Mortgage REIT invests in TBA securities, which are forward-settling trades that allow the company to take advantage of market opportunities. |
| Excess MSRs | Ellington Residential Mortgage REIT invests in excess mortgage servicing rights (MSRs), which represent the right to service mortgages. |
| Whole Loans | Ellington Residential Mortgage REIT invests in whole loans, which are individual mortgages that have not been securitized. |
Ellington Residential Mortgage REIT's Porter Forces
Threat Of Substitutes
The threat of substitutes for Ellington Residential Mortgage REIT is moderate, as there are alternative investment options available to investors, but the company's focus on residential mortgage-backed securities provides some differentiation.
Bargaining Power Of Customers
The bargaining power of customers is low, as Ellington Residential Mortgage REIT is a publicly traded company and its customers are primarily institutional investors who have limited negotiating power.
Bargaining Power Of Suppliers
The bargaining power of suppliers is moderate, as Ellington Residential Mortgage REIT relies on a diverse range of suppliers, including mortgage originators and servicers, but has some negotiating power due to its scale and reputation.
Threat Of New Entrants
The threat of new entrants is low, as entering the residential mortgage-backed securities market requires significant capital and expertise, and Ellington Residential Mortgage REIT has a strong track record and established relationships with investors.
Intensity Of Rivalry
The intensity of rivalry is high, as Ellington Residential Mortgage REIT operates in a competitive market with several established players, and must continually innovate and adapt to changing market conditions to maintain its market share.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 84.26% |
| Debt Cost | 3.95% |
| Equity Weight | 15.74% |
| Equity Cost | 13.34% |
| WACC | 5.42% |
| Leverage | 535.49% |
Ellington Residential Mortgage REIT : Quality Control
Ellington Residential Mortgage REIT passed 1 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| RC | Ready Capital Corporation operates as a real estate finance company in the United States. The company acquires, originates, manages, services, and finances small to medium balance commercial (SBC) loans, small … |
| CHMI | Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company operates through Investments in RMBS … |
| ACR | ACRES Commercial Realty Corp., a real estate investment trust (REIT), focuses on the origination, holding, and management of commercial real estate mortgage loans and other commercial real estate-related debt investments … |
| TWO | Two Harbors Investment Corp. operates as a real estate investment trust (REIT) that focuses on investing in, financing, and managing residential mortgage-backed securities (RMBS), non-agency securities, mortgage servicing rights, and … |
| RWT | Redwood Trust, Inc., together with its subsidiaries, operates as a specialty finance company in the United States. The company operates through three segments: Residential Mortgage Banking, Business Purpose Mortgage Banking, … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Ellington Residential Mortgage REIT
A-Score
1-Year Total Return ->
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Two Harbors Investment
A-Score
1-Year Total Return ->
🥉
Ready Capital
A-Score
1-Year Total Return ->
4
Redwood Trust
A-Score
1-Year Total Return ->
5
Cherry Hill Mortgage
A-Score
1-Year Total Return ->
6
