NYSE:EARN

Ellington Residential Mortgage REIT Stock Forecast, Price & News

$11.09
-0.11 (-0.98 %)
(As of 07/27/2021 12:00 AM ET)
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Today's Range
$11.01
$11.25
50-Day Range
$10.94
$13.77
52-Week Range
$10.49
$13.92
Volume95,812 shs
Average Volume149,895 shs
Market Capitalization$136.89 million
P/E Ratio3.70
Dividend Yield10.71%
Beta1.92
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About Ellington Residential Mortgage REIT

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 founded in 2012 and is based in Old Greenwich, Connecticut.

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MarketRank

Overall MarketRank

2.05 out of 5 stars

Finance Sector

475th out of 2,045 stocks

Real Estate Investment Trusts Industry

114th out of 282 stocks

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
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Ellington Residential Mortgage REIT (NYSE:EARN) Frequently Asked Questions

Is Ellington Residential Mortgage REIT a buy right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Ellington Residential Mortgage REIT stock.
View analyst ratings for Ellington Residential Mortgage REIT
or view top-rated stocks.

What stocks does MarketBeat like better than Ellington Residential Mortgage REIT?

Wall Street analysts have given Ellington Residential Mortgage REIT a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Ellington Residential Mortgage REIT wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a drop in short interest in the month of June. As of June 30th, there was short interest totaling 188,900 shares, a drop of 72.2% from the June 15th total of 680,300 shares. Based on an average daily trading volume, of 208,200 shares, the short-interest ratio is currently 0.9 days. Approximately 1.7% of the shares of the company are sold short.
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 Monday, August 2nd 2021.
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 Tuesday, August 3rd at 11:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 402-220-1347.

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

Ellington Residential Mortgage REIT (NYSE:EARN) announced its earnings results on Sunday, May, 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.34 by $0.03. Ellington Residential Mortgage REIT had a trailing twelve-month return on equity of 9.84% and a net margin of 191.35%.
View Ellington Residential Mortgage REIT's earnings history
.

How has Ellington Residential Mortgage REIT's stock price been impacted by COVID-19?

Ellington Residential Mortgage REIT's stock was trading at $9.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EARN stock has increased by 14.3% and is now trading at $11.09.
View which stocks have been most impacted by COVID-19
.

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

Ellington Residential Mortgage REIT announced a quarterly dividend on Thursday, June 10th. Investors of record on Wednesday, June 30th will be paid a dividend of $0.30 per share on Monday, July 26th. This represents a $1.20 annualized dividend and a yield of 10.82%. The ex-dividend date of this dividend is Tuesday, June 29th. This is a boost from Ellington Residential Mortgage REIT's previous quarterly dividend of $0.28.
View Ellington Residential Mortgage REIT's dividend history
.

Is Ellington Residential Mortgage REIT a good dividend stock?

Ellington Residential Mortgage REIT pays an annual dividend of $1.20 per share and currently has a dividend yield of 10.71%. 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 price target have analysts set for EARN?

2 equities research analysts have issued twelve-month price targets for Ellington Residential Mortgage REIT's stock. Their forecasts range from $13.25 to $13.25. On average, they expect Ellington Residential Mortgage REIT's stock price to reach $13.25 in the next year. This suggests a possible upside of 19.5% from the stock's current price.
View analysts' price targets for Ellington Residential Mortgage REIT
or view top-rated stocks among Wall Street analysts.

Who are Ellington Residential Mortgage REIT's key executives?

Ellington Residential Mortgage REIT's management team includes the following people:
  • Mr. Christopher M. Smernoff B.S., CPA, Chief Financial Officer (Age 44, Pay $88.14k)
  • Mr. J. R. Herlihy B.A., Chief Operating Officer (Age 40, Pay $114.02k)
  • Mr. Laurence Eric Penn, CEO, Pres & Trustee (Age 59)
  • Mr. Michael William Vranos, Co-Chief Investment Officer & Trustee (Age 59)
  • Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 59)
  • Mr. Daniel Reuven Margolis, Gen. Counsel (Age 48)
  • Mr. Jason Frank, Deputy Gen. Counsel & Sec.
  • Mr. Vincent Ambrico, Controller

Who are some of Ellington Residential Mortgage REIT's key competitors?

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."

How do I buy shares of Ellington Residential Mortgage REIT?

Shares of EARN 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 $11.09.

How much money does Ellington Residential Mortgage REIT make?

Ellington Residential Mortgage REIT has a market capitalization of $136.89 million and generates $17.35 million in revenue each year.

What is Ellington Residential Mortgage REIT's official website?

The official website for Ellington Residential Mortgage REIT is www.earnreit.com.

Where are Ellington Residential Mortgage REIT's headquarters?

Ellington Residential Mortgage REIT is headquartered at 53 Forest Avenue, Old Greenwich CT, 06870.

How can I contact Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT's mailing address is 53 Forest Avenue, Old Greenwich CT, 06870. The real estate investment trust can be reached via phone at 203-698-1200 or via email at [email protected]


This page was last updated on 7/27/2021 by MarketBeat.com Staff
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