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Ellington Residential Mortgage REIT is currently in a long term downtrend where the price is trading 8.4% below its 200 day moving average.
From a valuation standpoint, the stock is 40.5% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 5.9.
Ellington Residential Mortgage REIT's total revenue sank by 19.9% to $9M since the same quarter in the previous year.
Its net income has dropped by 23.8% to $7M since the same quarter in the previous year.
Finally, its free cash flow grew by 71.9% to $8M since the same quarter in the previous year.
Based on the above factors, Ellington Residential Mortgage REIT gets an overall score of 2/5.
| Sector | Financial Services |
|---|---|
| Industry | Asset Management |
| Exchange | NYSE |
| CurrencyCode | USD |
| ISIN | US2885781078 |
| Market Cap | 204M |
|---|---|
| PE Ratio | 19.43 |
| Dividend Yield | 17.% |
| Target Price | 5.875 |
| Beta | 1.77 |
Ellington Credit Company, a real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS, such as non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. The company was formerly known as Ellington Residential Mortgage REIT and changed its name to Ellington Credit Company in April 2024. Ellington Credit Company was incorporated in 2012 and is based in Old Greenwich, Connecticut.
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