Ellington Residential Mortgage REIT (EARN) Misses Q4 EPS by 1c
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Ellington Residential Mortgage REIT Reports Fourth Quarter 2019 Results
February 10, 2020 4:10 PM ESTOLD GREENWICH, Conn.--(BUSINESS WIRE)-- Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended December 31, 2019.
Highlights
Net income of $9.7 million, or $0.78 per share. Core Earnings1 of $2.8 million, or $0.23 per share. Book value of $12.91 per share as of December 31, 2019, which includes the effect of a fourth quarter dividend of $0.28 per share. Net interest margin2 of 1.00%. Weighted average constant prepayment rate ("CPR") for the fixed-rate Agency specified pool portfolio of 14.9%. Dividend yield of 10.2% based on the February 7, 2020 closing... More