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Ellington Residential Mortgage ( (EARN) ) has provided an announcement.
Ellington Credit Company reported results for the quarter ended March 31, 2026, with net asset value per share at $4.09 including distributions of $0.24 per share and a GAAP net loss of $32.3 million, or $0.86 per share. The firm’s net investment income reached $5.1 million, or $0.13 per share, while adjusted net investment income was $7.3 million, backed by a $307.9 million CLO portfolio yielding an average 12.5% and generating $17.4 million in recurring cash distributions.
Management highlighted that despite market volatility and headwinds in the CLO sector, an up-in-credit bias, active trading, and disciplined hedging helped the company outperform peers and reposition toward mezzanine debt. Ellington also issued $54 million of unsecured notes on March 30, 2026, and its board declared a series of $0.08 monthly distributions, moves that strengthened the capital structure, refinanced short-term repo borrowings, and positioned the firm to exploit higher-yielding opportunities and support future growth in net investment income.
The most recent analyst rating on (EARN) stock is a Buy with a $5.50 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.
The score is held back primarily by inconsistent profitability and weak/negative free cash flow, despite balance-sheet improvement (zero debt) and constructive technical momentum. Valuation is supported by a moderate P/E and very high dividend yield, with recent corporate updates reinforcing dividend commitment.
To see Spark’s full report on EARN stock, click here.
More about Ellington Residential Mortgage
Ellington Credit Company, listed on the NYSE as EARN, is a specialty finance firm focused on investing in collateralized loan obligation (CLO) debt and equity across U.S. and European markets. The company generates income from a diversified CLO portfolio, actively trades positions, and uses credit hedges and structured financing to manage risk and enhance returns for shareholders.
Average Trading Volume: 469,285
Technical Sentiment Signal: Sell
For detailed information about EARN stock, go to TipRanks’ Stock Analysis page.