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The latest update is out from Ellington Residential Mortgage ( (EARN) ).
Ellington Credit Company, a registered closed-end fund, reported its financial results for the first fiscal quarter ending June 30, 2025, showing a net asset value per share of $6.12, a GAAP net income of $10.2 million, and a significant growth in its CLO portfolio to $316.9 million. The company achieved a robust annualized return of 19.7% during this period, driven by strong performance across CLO equity and mezzanine debt, and strategic capital deployment following the sale of its remaining mortgage portfolio. Despite a lag in net investment income due to capital rotation, the company anticipates an increase in NII in the coming months, which is expected to cover monthly distributions starting in September.
The most recent analyst rating on (EARN) stock is a Hold with a $6.00 price target. To see the full list of analyst forecasts on Ellington Residential Mortgage stock, see the EARN Stock Forecast page.
Spark’s Take on EARN Stock
According to Spark, TipRanks’ AI Analyst, EARN is a Neutral.
Ellington Residential Mortgage’s overall score is driven by mixed financial performance and technical indicators, with strategic successes in the earnings call and consistent dividend declarations providing some positive outlook. However, the negative P/E ratio and cash flow concerns weigh on the overall assessment.
To see Spark’s full report on EARN stock, click here.
More about Ellington Residential Mortgage
Average Trading Volume: 319,775
Technical Sentiment Signal: Hold
Current Market Cap: $211.1M
For a thorough assessment of EARN stock, go to TipRanks’ Stock Analysis page.