Ellington Credit (NYSE:EARN) Announces Quarterly Earnings Results

Posted by George Bondi on Aug 14th, 2026

Ellington Credit (NYSE:EARN – Get Free Report) posted its earnings results on Wednesday. The real estate investment trust reported $0.15 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.05), Zacks reports. The business had revenue of $6.08 million for the quarter, compared to the consensus estimate of $10.57 million.

Ellington Credit Stock Down 0.8%

Shares of NYSE:EARN traded down $0.04 during trading on Friday, reaching $4.40. 117,140 shares of the company traded hands, compared to its average volume of 439,210. Ellington Credit has a 52 week low of $4.25 and a 52 week high of $5.89. The company’s 50 day moving average is $4.43 and its two-hundred day moving average is $4.69. The firm has a market capitalization of $165.50 million, a PE ratio of -4.48 and a beta of 1.28.

Ellington Credit Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Wednesday, September 30th. Investors of record on Monday, August 31st will be paid a $0.08 dividend. The ex-dividend date is Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 21.8%. Ellington Credit’s dividend payout ratio is -92.31%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of EARN. Millennium Management LLC lifted its position in shares of Ellington Credit by 485.8% in the 1st quarter. Millennium Management LLC now owns 932,326 shares of the real estate investment trust’s stock worth $5,044,000 after purchasing an additional 773,169 shares during the period. Jane Street Group LLC increased its holdings in shares of Ellington Credit by 415.4% during the first quarter. Jane Street Group LLC now owns 379,906 shares of the real estate investment trust’s stock valued at $2,055,000 after acquiring an additional 306,192 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Ellington Credit by 56.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 126,864 shares of the real estate investment trust’s stock valued at $686,000 after purchasing an additional 45,845 shares during the period. Osaic Holdings Inc. raised its holdings in Ellington Credit by 60.3% during the second quarter. Osaic Holdings Inc. now owns 104,689 shares of the real estate investment trust’s stock worth $602,000 after buying an additional 39,392 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Ellington Credit by 6.5% in the third quarter. Envestnet Asset Management Inc. now owns 76,237 shares of the real estate investment trust’s stock valued at $415,000 after buying an additional 4,675 shares in the last quarter. 20.40% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Separately, Piper Sandler dropped their price objective on shares of Ellington Credit from $5.25 to $5.00 and set an “overweight” rating on the stock in a report on Monday, July 13th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.50.

Read Our Latest Stock Analysis on EARN

About Ellington Credit

(Get Free Report)

Ellington Credit Income Fund (NYSE: EARN) is a closed-end management investment company that seeks to generate current income through a diversified portfolio of mortgage- and asset-backed securities. The fund primarily invests in residential mortgage-backed securities (RMBS) and asset-backed securities (ABS), with additional exposure to commercial mortgage-backed securities (CMBS) and related structured credit instruments. To enhance income and manage risk, the fund employs leverage and derivative strategies such as interest rate swaps and credit default swaps, allowing it to adjust duration and credit exposure dynamically.

The fund is externally managed and advised by Ellington Management Group, LLC, an established investment firm specializing in mortgage credit and structured products.