High-Yield REIT No. 3: Ellington Credit Co. (EARN)

High-Yield REIT No. 3: Ellington Credit Co. (EARN)

AGNC’s tangible net book well worth per preferred share is $8.40 by , a decrease of $(0.44) for each preferred display, or 5.0%, off $8.84 by .

  • Dividend Yield: thirteen.8%

Ellington Borrowing Co. acquires, spends within the, and you may takes care of residential mortgage and you can a home related assets. Ellington targets r esidential financial-supported ties , especially those backed by an effective You.S. Regulators company or U.S. bodies – sponsored business .

Agency MBS are designed and you will backed by regulators businesses otherwise companies , if you find yourself non-agency MBS aren’t protected by the bodies .

Towards the , Ellington Domestic stated its next one-fourth outcomes for the period ending . The company produced a net loss of $(0.8) mil, or $(0.04) for every single express.

Ellington attained modified distributable income out-of $eight.3 billion about one-fourth, resulting in adjusted earnings of $0.36 each express, hence safeguarded the newest bonus paid-in that time.

Ellington’s web focus margin try cuatro.24% total. In the one-fourth prevent, Ellington got $118.8 billion of cash and money competitors, and you can $forty two mil from most other unencumbered assets. Continuar leyendo «High-Yield REIT No. 3: Ellington Credit Co. (EARN)»