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Ellington Credit - EARN Stock Price Target and Predictions

  • Consensus Rating: Hold
  • Consensus Price Target: $6.00
  • Forecasted Upside: -10.18%
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 0 Buy Ratings
  • 0 Strong Buy Ratings
$6.68 As of 12/3/2024 12:45 PM ET
▲ +0.04 (0.60%)

This chart shows the closing price for EARN by one month, three months, or twelve months.

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Analyst Price Target for EARN

Analyst Price Target is $6.00
▼ -10.18% Downside 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 $6.00, with a high forecast of $6.00 and a low forecast of $6.00. The average price target represents a -10.18% upside from the last price of $6.68.

This chart shows the closing price for EARN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Hold

The current consensus among 2 investment analysts is to hold stock in Ellington Credit. This rating has held steady since September 2023, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/12/2023
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/10/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2023
  • 0 strong buy ratings
  • 0 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/8/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
6/6/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/4/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/3/2024
  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/3/2024

Latest Recommendations

  • 0 strong buy ratings
  • 0 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
4/18/2024JMP SecuritiesReiterated RatingMarket Perform
12/6/2023UBS GroupInitiated CoverageNeutral$6.00
12/19/2022JonestradingInitiated CoverageHold
12/2/2022Credit Suisse GroupBoost Target$7.50
10/13/2022Credit Suisse GroupLower Target$7.25
10/3/2022Piper SandlerLower TargetOverweight$9.50 ➝ $8.00
6/28/2022Piper SandlerLower TargetOverweight$10.50 ➝ $9.00
5/16/2022Credit Suisse GroupLower TargetNA$9.00
4/1/2022JMP SecuritiesDowngradeOutperform ➝ Market Perform
3/10/2022Credit Suisse GroupLower TargetNeutral$11.50 ➝ $10.00
3/9/2022Piper SandlerLower TargetOverweight$12.50 ➝ $11.50
3/8/2022JMP SecuritiesReiterated RatingBuy$11.00
11/8/2021BTIG ResearchDowngradeBuy ➝ Neutral
11/1/2021BTIG ResearchReiterated RatingBuy$12.00
10/12/2021Piper SandlerInitiated CoverageOverweight$12.50
11/23/2020BTIG ResearchInitiated CoverageBuy$13.25
8/5/2020Credit Suisse GroupReiterated RatingHold
(Data available from 12/3/2019 forward)

News Sentiment Rating

1.26 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 2 very positive mentions
  • 7 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
5/7/2024
  • 5 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/6/2024
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/6/2024
  • 3 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/5/2024
  • 4 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/4/2024
  • 8 very positive mentions
  • 7 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/4/2024
  • 4 very positive mentions
  • 10 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
11/3/2024
  • 8 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/3/2024

Current Sentiment

  • 8 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Ellington Credit logo
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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Today's Range

Now: $6.68
Low: $6.64
High: $6.70

50 Day Range

MA: $6.73
Low: $6.33
High: $7.04

52 Week Range

Now: $6.68
Low: $5.54
High: $7.26

Volume

103,018 shs

Average Volume

330,051 shs

Market Capitalization

$192.38 million

P/E Ratio

5.96

Dividend Yield

14.26%

Beta

1.86

Frequently Asked Questions

What sell-side analysts currently cover shares of Ellington Credit?

The following Wall Street sell-side analysts have issued reports on Ellington Credit in the last twelve months: JMP Securities, StockNews.com, and UBS Group AG.
View the latest analyst ratings for EARN.

What is the current price target for Ellington Credit?

0 Wall Street analysts have set twelve-month price targets for Ellington Credit in the last year. Their average twelve-month price target is $6.00, suggesting a possible downside of 10.2%. UBS Group AG has the highest price target set, predicting EARN will reach $6.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $6.00 for Ellington Credit in the next year.
View the latest price targets for EARN.

What is the current consensus analyst rating for Ellington Credit?

Ellington Credit currently has 2 hold ratings from Wall Street analysts. The stock has a consensus analyst rating of "Hold." A "hold" rating indicates that analysts believe investors should keep any existing positions they have in EARN, but not buy more shares or sell existing shares.
View the latest ratings for EARN.

What other companies compete with Ellington Credit?

Other companies that are similar to Ellington Credit include TPG RE Finance Trust, Patria Investments, Ares Acquisition Co. II, Abacus Life and AlTi Global. Learn More about companies similar to Ellington Credit.

How do I contact Ellington Credit's investor relations team?

Ellington Credit's physical mailing address is 53 Forest Avenue, Old Greenwich CT, 06870. The real estate investment trust's listed phone number is (203) 698-1200 and its investor relations email address is [email protected]. The official website for Ellington Credit is www.earnreit.com. Learn More about contacing Ellington Credit investor relations.