NYSE:EARN

Ellington Residential Mortgage REIT (EARN) Stock Forecast, Price & News

$6.24

+0.04 (+0.65%)

(As of 12:10 PM ET)

Compare

Today's Range: $6.19
▼
$6.32
50-Day Range: $6.20
▼
$7.57
52-Week Range: $5.70
▼
$8.15

Volume: 15,175 shs
Average Volume: 97,148 shs
Market Capitalization: $94.29 million

P/E Ratio: 62.40
Dividend Yield: 15.38%
Price Target: $7.75

Ellington Residential Mortgage REIT MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.50 Rating Score
Upside/Downside: 24.0% Upside
$7.75 Price Target
Short Interest: Healthy
0.86% of Shares Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.52
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 24.44%
From $0.90 to $1.12 Per Share

Overall MarketRank^™

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

2.60 out of 5 stars

Finance Sector

85th out of 868 stocks

Real Estate Investment Trusts Industry

10th out of 181 stocks

2.3

Analyst's Opinion

Consensus Rating
Ellington Residential Mortgage REIT has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $7.75, Ellington Residential Mortgage REIT has a forecasted upside of 24.0% from its current price of $6.25.
Amount of Analyst Coverage
Ellington Residential Mortgage REIT has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.86% of the outstanding shares of Ellington Residential Mortgage REIT have been sold short.
Short Interest Ratio / Days to Cover
Ellington Residential Mortgage REIT has a short interest ratio ("days to cover") of 1.1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Ellington Residential Mortgage REIT has recently decreased by 16.06%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Ellington Residential Mortgage REIT is a leading dividend payer. It pays a dividend yield of 15.48%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Ellington Residential Mortgage REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Ellington Residential Mortgage REIT is 960.00%. Payout ratios above 75% are not desirable because they may not be sustainable.
Dividend Sustainability
Based on EPS estimates, Ellington Residential Mortgage REIT will have a dividend payout ratio of 85.71% in the coming year. This indicates that Ellington Residential Mortgage REIT may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for EARN.

2.5

News and Social Media Coverage

News Sentiment
Ellington Residential Mortgage REIT has a news sentiment score of 0.52. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Ellington Residential Mortgage REIT this week, compared to 2 articles on an average week.
Search Interest
Only 10 people have searched for EARN on MarketBeat in the last 30 days. This is a decrease of -9% compared to the previous 30 days.
MarketBeat Follows
7 people have added Ellington Residential Mortgage REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 75% compared to the previous 30 days.

0.0

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Ellington Residential Mortgage REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 2.50% of the stock of Ellington Residential Mortgage REIT is held by insiders.
Percentage Held by Institutions
Only 18.41% of the stock of Ellington Residential Mortgage REIT is held by institutions.

3.8

Earnings and Valuation

Earnings Growth
Earnings for Ellington Residential Mortgage REIT are expected to grow by 24.44% in the coming year, from $0.90 to $1.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Ellington Residential Mortgage REIT is 62.50, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 118.40.
Price to Earnings Ratio vs. Sector
The P/E ratio of Ellington Residential Mortgage REIT is 62.50, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 72.21.
Price to Book Value per Share Ratio
Ellington Residential Mortgage REIT has a P/B Ratio of 0.73. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.

EARN Price History

30 days | 90 days | 365 days | Advanced Chart

EARN Stock News Headlines

September 28, 2023 | msn.com

Ellington teen accused of performing illegal dirt bike stunts on highway, posting them to social media

September 26, 2023 | seekingalpha.com

Ellington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)

September 29, 2023 | The Oxford Club (Ad)

Better Than Oil Stocks?

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

September 21, 2023 | msn.com

A Look At The Five Corners Roundabout In Ellington

September 17, 2023 | msn.com

Fire departments battle blaze at detached garage in Ellington

September 1, 2023 | nasdaq.com

Ellington Residential Mortgage REIT (FRA:73Z) Price Target Increased by 14.03% to 8.44

August 26, 2023 | sfgate.com

Fire officials on scene of Ellington blaze at single family home, police say

August 18, 2023 | markets.businessinsider.com

Ellington Residential Mortgage REIT Shs of Benef Interest

September 29, 2023 | The Oxford Club (Ad)

Better Than Oil Stocks?

The best way to profit from energy is NOT a stock...Rather, it's this little-known alternative investment.

August 15, 2023 | finance.yahoo.com

Ellington Residential Mortgage REIT (NYSE:EARN) Q2 2023 Earnings Call Transcript

August 12, 2023 | finance.yahoo.com

Q2 2023 Ellington Residential Mortgage REIT Earnings Call

August 10, 2023 | msn.com

Ellington Residential (EARN) Lags Q2 Earnings and Revenue Estimates

August 10, 2023 | finance.yahoo.com

Ellington Residential Mortgage REIT Reports Second Quarter 2023 Results

August 2, 2023 | technews.tmcnet.com

Greek Media Uncovers the Reality of the Situation Between Thrivest, Ellington, and Attica Bank

July 25, 2023 | chron.com

The late Lenzy Wallace Jr., a musical inspiration to Ellington students, to be feted on Wall of Honor

July 22, 2023 | sports.yahoo.com

Wayne Ellington reveals why he picked UNC over Villanova

July 19, 2023 | msn.com

Ellington resigns as Newark City Council president after 20 years on council. What now?

July 18, 2023 | msn.com

Accomplishments By Ellington, Somers College Students: Spring 2023

July 15, 2023 | news.yahoo.com

SouthWindsorresident Matthew Reed hired as Ellington's first town administrator

July 6, 2023 | sfgate.com

Ellington dentist Warren Zahner, 72, remembered for life of service

July 5, 2023 | msn.com

Frank Mozzicato Of Ellington Continues Upward Climb In Pro Baseball

July 1, 2023 | chron.com

South Windsor, Ellington advance to Little League District 8 U12 baseball championship game

June 27, 2023 | yahoo.com

The Ageless Erik Ellington, Still Ripping In Paris

June 27, 2023 | msn.com

Middle School Science Student From Ellington Wins State Competition

June 21, 2023 | businesswire.com

Ellington Financial Announces Estimated Book Value Per Common Share as of May 31, 2023

June 16, 2023 | msn.com

Ellington-Somers Dad 'Makes Me Laugh & Puts A Smile On My Face'

June 16, 2023 | msn.com

'Ellington Unplugged' Offers Philosophies On How To Enrich One's Life

See More Headlines

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EARN Company Calendar

Last Earnings: 5/02/2022
Ex-Dividend for 9/25 Dividend: 8/30/2023
Dividend Payable: 9/25/2023
Ex-Dividend for 10/25 Dividend: 9/28/2023
Today: 9/29/2023
Dividend Payable: 10/25/2023
Next Earnings (Estimated): 11/08/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:EARN
CUSIP: N/A
CIK: 1560672
Web: www.earnreit.com
Phone: (203) 698-1200
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $7.75
High Stock Price Forecast: $8.00
Low Stock Price Forecast: $7.50
Forecasted Upside/Downside: +25.0%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.10
Trailing P/E Ratio: 62.00
Forward P/E Ratio: 6.89
P/E Growth: N/A
Net Income: $-30,200,000.00
Net Margins: -149.60%
Pretax Margin: 27.41%
Return on Equity: 10.23%
Return on Assets: 1.03%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.09
Quick Ratio: 0.09

Sales & Book Value

Annual Sales: $20.19 million
Price / Sales: 4.64
Cash Flow: $1.22 per share
Price / Cash Flow: 5.10
Book Value: $8.59 per share
Price / Book: 0.72

Miscellaneous

Outstanding Shares: 15,110,000
Free Float: 14,732,000
Market Cap: $93.68 million
Optionable: Not Optionable
Beta: 1.78

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Key Executives

Mr. Laurence Eric Penn (Age 61)
CEO, Pres & Trustee

Mr. Christopher M. Smernoff (Age 46)
Chief Financial Officer
Comp: $93.61k

Mr. J. R. Herlihy (Age 42)
Chief Operating Officer
Comp: $124.97k

Mr. Michael William Vranos (Age 61)
Co-Chief Investment Officer & Trustee

Mr. Mark Ira Tecotzky (Age 61)
Co-Chief Investment Officer

Mr. Daniel Reuven Margolis (Age 50)
Gen. Counsel

Mr. Vincent Ambrico
Controller

Mr. Alaael-Deen Shilleh
Associate Gen. Counsel & Sec.

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

EARN Stock - Frequently Asked Questions

Should I buy or sell Ellington Residential Mortgage REIT stock right now?: 2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" EARN shares.
View EARN analyst ratings or view top-rated stocks.
What is Ellington Residential Mortgage REIT's stock price forecast for 2023?: 2 Wall Street research analysts have issued 12 month price objectives for Ellington Residential Mortgage REIT's stock. Their EARN share price forecasts range from $7.50 to $8.00. On average, they anticipate the company's stock price to reach $7.75 in the next year. This suggests a possible upside of 25.0% from the stock's current price.
View analysts price targets for EARN or view top-rated stocks among Wall Street analysts.
How have EARN shares performed in 2023?: Ellington Residential Mortgage REIT's stock was trading at $6.86 on January 1st, 2023. Since then, EARN stock has decreased by 9.6% and is now trading at $6.20.
View the best growth stocks for 2023 here.
Are investors shorting Ellington Residential Mortgage REIT?: Ellington Residential Mortgage REIT saw a drop in short interest during the month of September. As of September 15th, there was short interest totaling 129,600 shares, a drop of 16.1% from the August 31st total of 154,400 shares. Based on an average trading volume of 115,200 shares, the days-to-cover ratio is presently 1.1 days.
View Ellington Residential Mortgage REIT's Short Interest.
When is Ellington Residential Mortgage REIT's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 8th 2023.
View our EARN earnings forecast.
How were Ellington Residential Mortgage REIT's earnings last quarter?: Ellington Residential Mortgage REIT (NYSE:EARN) posted its quarterly earnings data on Monday, May, 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.01. Ellington Residential Mortgage REIT had a negative net margin of 149.60% and a positive trailing twelve-month return on equity of 10.23%. During the same quarter in the previous year, the company posted $0.31 earnings per share.

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 monthly dividend on Thursday, September 7th. Investors of record on Friday, September 29th will be paid a dividend of $0.08 per share on Wednesday, October 25th. This represents a $0.96 annualized dividend and a yield of 15.48%. The ex-dividend date is Thursday, September 28th.
Read our dividend analysis for EARN.
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 15.29%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 960.00%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EARN will have a dividend payout ratio of 85.71% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EARN.
What other stocks do shareholders of Ellington Residential Mortgage REIT own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Residential Mortgage REIT investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), C3.ai (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and AGNC Investment (AGNC).
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 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 $6.20.
How much money does Ellington Residential Mortgage REIT make?: Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $93.68 million and generates $20.19 million in revenue each year. The real estate investment trust earns $-30,200,000.00 in net income (profit) each year or $0.10 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 the company 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 9/29/2023 by MarketBeat.com Staff

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