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

$11.24
+0.02 (+0.18 %)
(As of 12/10/2019 08:05 AM ET)
Today's Range
$11.20
Now: $11.24
$11.25
50-Day Range
$10.49
MA: $10.92
$11.25
52-Week Range
$9.68
Now: $11.24
$12.14
Volume16,238 shs
Average Volume25,698 shs
Market Capitalization$139.94 million
P/E Ratio11.22
Dividend Yield9.98%
Beta0.77
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. Read More…

Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone203-698-1200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$54.55 million
Cash Flow$2.19 per share
Book Value$12.20 per share

Profitability

Net Income$-11,300,000.00

Miscellaneous

EmployeesN/A
Market Cap$139.94 million
Next Earnings Date2/10/2020 (Estimated)
OptionableNot Optionable

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Ellington Residential Mortgage REIT (NYSE:EARN) Frequently Asked Questions

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 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 Wednesday, September 11th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.28 per share on Friday, October 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 9.96%. The ex-dividend date is Friday, September 27th. View Ellington Residential Mortgage REIT's Dividend History.

How will Ellington Residential Mortgage REIT's stock buyback program work?

Ellington Residential Mortgage REIT declared that its board has initiated a stock repurchase plan on Friday, February 9th 2018, which authorizes the company to buyback 1,200,000 shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

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

Ellington Residential Mortgage REIT (NYSE:EARN) released its quarterly earnings data on Monday, November, 4th. The real estate investment trust reported $0.19 EPS for the quarter, missing the consensus estimate of $0.23 by $0.04. The real estate investment trust had revenue of $1.67 million for the quarter. Ellington Residential Mortgage REIT had a return on equity of 8.03% and a net margin of 20.65%. View Ellington Residential Mortgage REIT's Earnings History.

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

Ellington Residential Mortgage REIT is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Ellington Residential Mortgage REIT.

What price target have analysts set for EARN?

1 equities research analysts have issued twelve-month price objectives for Ellington Residential Mortgage REIT's stock. Their forecasts range from $12.50 to $12.50. On average, they anticipate Ellington Residential Mortgage REIT's share price to reach $12.50 in the next year. This suggests a possible upside of 11.2% from the stock's current price. View Analyst Price Targets for Ellington Residential Mortgage REIT.

What is the consensus analysts' recommendation for Ellington Residential Mortgage REIT?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ellington Residential Mortgage REIT.

Has Ellington Residential Mortgage REIT been receiving favorable news coverage?

Press coverage about EARN stock has trended somewhat positive recently, according to InfoTrie. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a coverage optimism score of 1.9 on InfoTrie's scale. They also assigned press coverage about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Ellington Residential Mortgage REIT.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a decrease in short interest in the month of October. As of October 31st, there was short interest totalling 262,100 shares, a decrease of 14.3% from the September 30th total of 306,000 shares. Based on an average trading volume of 37,500 shares, the days-to-cover ratio is currently 7.0 days. Approximately 2.9% of the shares of the company are sold short. View Ellington Residential Mortgage REIT's Current Options Chain.

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

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

Who are Ellington Residential Mortgage REIT's key executives?

Ellington Residential Mortgage REIT's management team includes the folowing people:
  • Mr. Laurence Eric Penn, Pres, CEO & Trustee (Age 57)
  • Mr. Michael William Vranos, Co-Chief Investment Officer & Trustee (Age 57)
  • Mr. Christopher M. Smernoff B.S., CPA, Chief Financial Officer (Age 42)
  • Mr. JR Herlihy B.A., Chief Operating Officer (Age 38)
  • Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 57)

Who are Ellington Residential Mortgage REIT's major shareholders?

Ellington Residential Mortgage REIT's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Gables Capital Management Inc. (0.95%), BB&T Securities LLC (0.50%), State Street Corp (0.26%), Squarepoint Ops LLC (0.18%), Millennium Management LLC (0.17%) and First Trust Advisors LP (0.15%). Company insiders that own Ellington Residential Mortgage REIT stock include Holdings LP Blackstone III, Laurence Penn and Ronald I Simon. View Institutional Ownership Trends for Ellington Residential Mortgage REIT.

Which major investors are selling Ellington Residential Mortgage REIT stock?

EARN stock was sold by a variety of institutional investors in the last quarter, including Millennium Management LLC, Wedbush Securities Inc., Gables Capital Management Inc. and SG Americas Securities LLC. View Insider Buying and Selling for Ellington Residential Mortgage REIT.

Which major investors are buying Ellington Residential Mortgage REIT stock?

EARN stock was bought by a variety of institutional investors in the last quarter, including First Trust Advisors LP, State Street Corp, Squarepoint Ops LLC and BB&T Securities LLC. Company insiders that have bought Ellington Residential Mortgage REIT stock in the last two years include Holdings LP Blackstone III, Laurence Penn and Ronald I Simon. View Insider Buying and Selling for Ellington Residential Mortgage REIT.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

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

One share of EARN stock can currently be purchased for approximately $11.24.

How big of a company is Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT has a market capitalization of $139.94 million and generates $54.55 million in revenue each year. View Additional Information About Ellington Residential Mortgage REIT.

What is Ellington Residential Mortgage REIT's official website?

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

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]


MarketBeat Community Rating for Ellington Residential Mortgage REIT (NYSE EARN)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  162 (Vote Outperform)
Underperform Votes:  244 (Vote Underperform)
Total Votes:  406
MarketBeat's community ratings are surveys of what our community members think about Ellington Residential Mortgage REIT and other stocks. Vote "Outperform" if you believe EARN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EARN will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/10/2019 by MarketBeat.com Staff

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