S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
S&P 500   4,145.19
DOW   32,803.47
QQQ   321.75
China July exports rise, with trade surplus at record-high
Shift in war's front seen as ships cleared to leave Ukraine
Demand for grocery delivery cools as food costs rise
Transit woes mount for Boston's beleaguered subway riders
What's in Democrats' big bill? Climate, health care, savings
Dems push Biden climate, health priorities toward Senate OK
Shift in war's front seen as grain leaves Ukraine; plant hit
NYSE:EARN

Ellington Residential Mortgage REIT - EARN Stock Forecast, Price & News

$8.39
+0.06 (+0.72%)
(As of 08/5/2022 12:00 AM ET)
Add
Compare
Today's Range
$8.25
$8.45
50-Day Range
$6.50
$8.62
52-Week Range
$6.40
$12.44
Volume
62,598 shs
Average Volume
86,833 shs
Market Capitalization
$109.99 million
P/E Ratio
N/A
Dividend Yield
11.44%
Price Target
$10.25

Ellington Residential Mortgage REIT MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
22.2% Upside
$10.25 Price Target
Short Interest
Healthy
4.42% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.69mentions of Ellington Residential Mortgage REIT in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
3.17%
From $1.26 to $1.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.25 out of 5 stars

Finance Sector

600th out of 1,176 stocks

Real Estate Investment Trusts Industry

121st out of 215 stocks

EARN stock logo

About Ellington Residential Mortgage REIT (NYSE:EARN) Stock

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing 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 comprising 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. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.

Ellington Residential Mortgage REIT Stock Performance

Shares of NYSE:EARN traded up $0.06 during mid-day trading on Friday, reaching $8.39. 62,598 shares of the company's stock were exchanged, compared to its average volume of 86,833. The firm has a market capitalization of $109.99 million, a price-to-earnings ratio of -4.58 and a beta of 1.68. The business's fifty day moving average price is $7.79 and its 200-day moving average price is $8.86. Ellington Residential Mortgage REIT has a twelve month low of $6.40 and a twelve month high of $12.44.

Ellington Residential Mortgage REIT Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, September 26th. Stockholders of record on Wednesday, August 31st will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, August 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 11.44%. Ellington Residential Mortgage REIT's dividend payout ratio (DPR) is presently -52.46%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on EARN shares. Credit Suisse Group decreased their target price on shares of Ellington Residential Mortgage REIT to $9.00 and set a "na" rating on the stock in a research note on Monday, May 16th. Piper Sandler decreased their target price on shares of Ellington Residential Mortgage REIT from $10.50 to $9.00 and set an "overweight" rating on the stock in a research note on Tuesday, June 28th. Finally, StockNews.com cut shares of Ellington Residential Mortgage REIT from a "hold" rating to a "sell" rating in a research note on Thursday, May 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $10.25.

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EARN Stock News Headlines

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EARN Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 8/25 Dividend
7/28/2022
Today
8/07/2022
Next Earnings (Confirmed)
8/10/2022
Dividend Payable
8/25/2022
Ex-Dividend for 9/26 Dividend
8/30/2022
Dividend Payable
9/26/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$10.25
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$9.00
Forecasted Upside/Downside
+22.2%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-6,310,000.00
Pretax Margin
-94.41%

Debt

Sales & Book Value

Annual Sales
$25.64 million
Cash Flow
$1.82 per share
Book Value
$11.92 per share

Miscellaneous

Free Float
12,782,000
Market Cap
$109.99 million
Optionable
Not Optionable
Beta
1.68

Key Executives

  • Mr. Christopher M. Smernoff (Age 45)
    Chief Financial Officer
    Comp: $91.35k
  • Mr. J. R. Herlihy (Age 41)
    Chief Operating Officer
    Comp: $119.05k
  • Mr. Laurence Eric Penn (Age 60)
    CEO, Pres & Trustee
  • Mr. Michael William Vranos (Age 60)
    Co-Chief Investment Officer & Trustee
  • Mr. Mark Ira Tecotzky (Age 60)
    Co-Chief Investment Officer
  • Mr. Daniel Reuven Margolis (Age 49)
    Gen. Counsel
  • Mr. Jason Frank
    Deputy Gen. Counsel & Sec.
  • Mr. Vincent Ambrico
    Controller













EARN Stock - Frequently Asked Questions

Should I buy or sell Ellington Residential Mortgage REIT stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Ellington Residential Mortgage REIT stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EARN, but not buy additional shares or sell existing shares.
View analyst ratings for Ellington Residential Mortgage REIT
or view top-rated stocks.

What is Ellington Residential Mortgage REIT's stock price forecast for 2022?

3 analysts have issued 12-month price targets for Ellington Residential Mortgage REIT's shares. Their EARN stock forecasts range from $9.00 to $12.00. On average, they expect Ellington Residential Mortgage REIT's stock price to reach $10.25 in the next twelve months. This suggests a possible upside of 22.2% from the stock's current price.
View analysts' price targets for Ellington Residential Mortgage REIT
or view top-rated stocks among Wall Street analysts.

How has Ellington Residential Mortgage REIT's stock performed in 2022?

Ellington Residential Mortgage REIT's stock was trading at $10.39 at the beginning of the year. Since then, EARN shares have decreased by 19.2% and is now trading at $8.39.
View the best growth stocks for 2022 here
.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a increase in short interest in June. As of June 30th, there was short interest totaling 431,400 shares, an increase of 25.8% from the June 15th total of 342,900 shares. Based on an average trading volume of 149,800 shares, the days-to-cover ratio is presently 2.9 days. Approximately 4.7% of the shares of the stock are short sold.
View Ellington Residential Mortgage REIT's Short Interest
.

When is Ellington Residential Mortgage REIT's next earnings date?

Ellington Residential Mortgage REIT is scheduled to release its next quarterly earnings announcement on Wednesday, August 10th 2022.
View our earnings forecast for Ellington Residential Mortgage REIT
.

How can I listen to Ellington Residential Mortgage REIT's earnings call?

Ellington Residential Mortgage REIT will be holding an earnings conference call on Thursday, August 11th at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-6083.

How were Ellington Residential Mortgage REIT's earnings last quarter?

Ellington Residential Mortgage REIT (NYSE:EARN) released its quarterly earnings results on Monday, May, 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates of $0.31 by $0.01. Ellington Residential Mortgage REIT had a positive trailing twelve-month return on equity of 10.68% and a negative net margin of 94.41%. During the same period in the previous year, the firm posted $0.31 EPS.

How often does Ellington Residential Mortgage REIT pay dividends? What is the dividend yield for Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT declared a monthly dividend on Thursday, August 4th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.08 per share on Monday, September 26th. This represents a $0.96 dividend on an annualized basis and a yield of 11.44%. The ex-dividend date is Tuesday, August 30th.
View Ellington Residential Mortgage REIT's dividend history
.

Is Ellington Residential Mortgage REIT a good dividend stock?

Ellington Residential Mortgage REIT(NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 11.44%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
View Ellington Residential Mortgage REIT's dividend history.

What other stocks do shareholders of Ellington Residential Mortgage REIT own?

What is Ellington Residential Mortgage REIT's stock symbol?

Ellington Residential Mortgage REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "EARN."

Who are Ellington Residential Mortgage REIT's major shareholders?

Ellington Residential Mortgage REIT's stock is owned by a number of institutional and retail investors. Top institutional investors include Envestnet Asset Management Inc. (0.30%), Janney Montgomery Scott LLC (0.10%), Wolverine Asset Management LLC (0.05%) and Nisa Investment Advisors LLC (0.03%).
View institutional ownership trends for Ellington Residential Mortgage REIT
.

How do I buy shares of Ellington Residential Mortgage REIT?

Shares of EARN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ellington Residential Mortgage REIT's stock price today?

One share of EARN stock can currently be purchased for approximately $8.39.

How much money does Ellington Residential Mortgage REIT make?

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $109.99 million and generates $25.64 million in revenue each year. The real estate investment trust earns $-6,310,000.00 in net income (profit) each year or ($1.83) on an earnings per share basis.

How can I contact Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT's mailing address is 53 Forest Avenue, Old Greenwich CT, 06870. The official website for Ellington Residential Mortgage REIT is www.earnreit.com. The real estate investment trust can be reached via phone at (203) 698-1200 or via email at info@earnreit.com.

This page (NYSE:EARN) was last updated on 8/7/2022 by MarketBeat.com Staff

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