Ellington Credit Co (EARN)
Ellington Credit Co. is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio includes non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded on August 2, 2012 and is headquartered in Old Greenwich, CT.
Address
53 FOREST AVENUE
OLD GREENWICH, CT 06870
Founded
2012
Number of Employees
170
Website
http://www.ellingtoncredit.com
Buyback
| Buyback Data | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $ Amount Purchased ($ in 000s) |
- | $304 | $196 | - | $7,250 | $747 | $986 | - | $263 | - | - | $1,624 |
| Average Price | - | $12.93 | $10.94 | - | $11.16 | $10.12 | $7.24 | - | $6.56 | - | - | $10.35 |
| # Shares Purchased | - | 23,481 | 17,920 | - | 649,887 | 73,816 | 136,142 | - | 40,021 | - | - | 156,878 |
| Buyback Performance | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Average |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Return to Date | - | -53.6% | -45.2% | - | -46.2% | -40.7% | -17.1% | - | -8.5% | - | - | -42.0% |
| S&P 500 Return to Date | - | 173.0% | 168.6% | - | 104.9% | 93.1% | 74.8% | - | 37.3% | - | - | 108.6% |
| Excess Total Return | - | -226.5% | -213.7% | - | -151.1% | -133.8% | -92.0% | - | -45.8% | - | - | -150.7% |
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| Percentile Rank | - | 15% | 16% | - | 15% | 15% | 20% | - | 38% | - | - | 18% |
Buyback returns calculated using weighted average buyback price over the last 10 years and comparing to current day stock price value. S&P 500 used as benchmark for excess return.
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