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Eagle Point Income Co Inc. (NYSE:EIC) disclosed its estimated net asset value (NAV) per share for the first quarter ended March 31, 2025, today. The Greenwich, Connecticut-based investment company reported an unaudited NAV per share in the range of $14.10 to $14.20. The stock currently trades at $14.74, representing a slight premium to its estimated NAV. According to InvestingPro, the company maintains a robust market capitalization of $296 million and offers an attractive dividend yield of 16.5%.
Additionally, the company provided an unaudited estimate of net investment income and realized gain/loss per share for the same quarter, which is anticipated to be between $0.40 and $0.44.
Eagle Point Income, which operates under the financial sector, has its common stock and several series of preferred stock listed on the New York Stock Exchange. The various classes of stock include 5.00% Series A Term Preferred Stock due 2026 (NYSE:EICA), 7.75% Series B Term Preferred Stock due 2028 (NYSE:EICB), and 8.00% Series C Term Preferred Stock due 2029 (NYSE:EICC).
The company's announcement comes as per the latest 8-K filing with the United States Securities and Exchange Commission. This information is based on a press release statement and provides shareholders and potential investors with an update on the company's financial position as of the end of the first quarter.
Investors and market watchers often look to NAV as a performance indicator for companies like Eagle Point Income, which are involved in investment activities. The NAV per share offers a snapshot of the company's financial health, representing the value of its assets minus its liabilities, divided by the number of shares outstanding.
The reported figures are unaudited and are subject to change. Eagle Point Income's management has not provided additional commentary on the estimates or the factors contributing to these financial results.
In other recent news, Eagle Point Income Co Inc. disclosed its unaudited net asset value (NAV) per share as of February 28, 2025, estimated to be between $14.81 and $14.91. Previously, the company reported an estimated NAV per share of $14.96 to $15.06 as of January 31, 2025, and $14.94 to $15.04 as of December 31, 2024. These NAV figures are critical indicators of the company's financial health and provide insight into the value of its shares. Additionally, Eagle Point Income has announced three upcoming monthly distributions of $0.20 per share, scheduled for April, May, and June 2025. The company also reported its net investment income and realized gains or losses for the quarter ending December 31, 2024, ranging between $0.52 and $0.56 per share. These financial updates are part of Eagle Point Income's regular disclosures to ensure transparency with shareholders and potential investors. The company continues to provide various preferred stock offerings, including its 5.00% Series A, 7.75% Series B, and 8.00% Series C Term Preferred Stocks, all listed on the New York Stock Exchange.
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