US2885781078 - REIT
ELLINGTON CREDIT CO
NYSE:EARN (5/1/2024, 2:33:03 PM)
6.8
+0.19 (+2.87%)
Ellington Residential Mortgage REIT is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. The company is headquartered in Old Greenwich, Connecticut and currently employs 170 full-time employees. The company went IPO on 2013-01-05. The firm conducts its business through its wholly owned subsidiaries, EARN OP GP LLC, and Ellington Residential Mortgage LP. The company specializes in acquiring, investing in, and managing a residential mortgage and real estate-related assets. The company acquires and manages residential mortgage-backed securities (RMBS), for which the principal and interest payments are guaranteed by a United States government agency or a United States Government-sponsored entity (Agency RMBS) and, to a lesser extent, RMBS backed by prime jumbo, Alternative A-paper manufactured housing, and subprime residential mortgage loans (non-Agency RMBS). The firm's Agency RMBS includes both Agency pools and Agency collateralized mortgage obligations (CMOs) and non-Agency RMBS primarily consists of non-Agency CMOs, both investment grade and non-investment grade. The company is externally managed and advised by Ellington Residential Mortgage Management LLC.
ELLINGTON CREDIT CO
53 Forest Ave
Old Greenwich CONNECTICUT 06870
P: 12036981200
CEO: Laurence Penn
Employees: 170
Website: https://www.earnreit.com/
EARN stock results show that Ellington Residential beat analyst estimates for earnings per share but missed on revenue for the fourth quarter of 2023.
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