Ellington Residential Announces Estimated Book Value Per Share and Provides Business Updates Due to COVID-19
Ellington Credit Company Common Shares of Beneficial Interest (EARN)
Last ellington credit company common shares of beneficial interest earnings: 5/2 05:27 pm
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US:NYSE Investor Relations:
ir.earnreit.com
Company Research
Source: Business Wire
–Has Strategically Lowered Leverage and Enhanced Liquidity– OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today provided the following updates with respect to certain aspects of its portfolio, business operations, dividend, and liquidity, given the market-related and other impacts of COVID-19.Book Value Per Share: As of March 31, 2020, estimated book value per share1 was $11.33.Dividend: The Company intends to pay its first quarter dividend of $0.28 per share in cash, on April 27, 2020 as originally declared.Liquidity: As of March 31, 2020, the Company had unrestricted cash of approximately $60 million.Unencumbered Assets: As of March 31, 2020, in addition to its unrestricted cash, the Company had other unencumbered assets of an estimated $12 million.Leverage and Financing: As of March 31, 2020, the Company's debt-to-equity ratio and net mortgage assets-to-equity ratio2 had declined to an estimated 7.9:1 and 5.6:1, from 8.1:
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News
- Ellington Credit Prepares for Special Meeting and Issues Mirror Preferred StockBusiness Wire
- Ellington Credit Declares Monthly Common DividendBusiness Wire
- Ellington Credit Sets Date for its Annual Meeting of ShareholdersBusiness Wire
- Ellington Credit (NYSE: EARN) was upgraded by analysts at StockNews.com from a "sell" rating to a "hold" rating.MarketBeat
- Ellington Credit Company Reports Third Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
EARN
Earnings
- 11/12/24 - Miss
EARN
Sec Filings
- 12/20/24 - Form 4
- 12/20/24 - Form 4
- 12/19/24 - Form DEFA14A
- EARN's page on the SEC website