Analyst Price Target is $5.88
▲ +8.60% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Ellington Credit in the last 3 months. The average price target is $5.88, with a high forecast of $6.50 and a low forecast of $5.25. The average price target represents a 8.60% upside from the last price of $5.41.
Current Consensus is
Moderate Buy
The current consensus among 2 polled investment analysts is to moderate buy stock in Ellington Credit. This rating has held steady since March 2025, when it changed from a Hold consensus rating.
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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