NYSE:EARN Ellington Residential Mortgage REIT (EARN) Stock Forecast, Price & News $6.28 -0.12 (-1.88%) (As of 09/26/2023 ET) Add Compare Share Share Today's Range$6.28▼$6.4050-Day Range$6.23▼$7.5752-Week Range$5.70▼$8.15Volume142,604 shsAverage Volume106,804 shsMarket Capitalization$94.89 millionP/E Ratio62.80Dividend Yield15.29%Price Target$7.75 ProfileProfileAnalyst RatingsChartCompetitorsDividendFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsDividendFinancialsInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Ellington Residential Mortgage REIT MarketRank™ ForecastAnalyst RatingModerate Buy2.50 Rating ScoreUpside/Downside23.4% Upside$7.75 Price TargetShort InterestHealthy1.02% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.35Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth24.44%From $0.90 to $1.12 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.37 out of 5 starsFinance Sector455th out of 841 stocksReal Estate Investment Trusts Industry100th out of 182 stocks 2.3 Analyst's Opinion Consensus RatingEllington 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/DownsideAccording to analysts' consensus price target of $7.75, Ellington Residential Mortgage REIT has a forecasted upside of 23.4% from its current price of $6.28.Amount of Analyst CoverageEllington Residential Mortgage REIT has received no research coverage in the past 90 days. Previous Next 3.0 Short Interest Percentage of Shares Shorted1.02% of the outstanding shares of Ellington Residential Mortgage REIT have been sold short.Short Interest Ratio / Days to CoverEllington Residential Mortgage REIT has a short interest ratio ("days to cover") of 1.4, which is generally considered an acceptable ratio of short interest to trading volume.Change versus previous monthShort interest in Ellington Residential Mortgage REIT has recently increased by 32.31%, indicating that investor sentiment is decreasing significantly. Previous Next 1.7 Dividend Strength Dividend LeadershipEllington Residential Mortgage REIT is a leading dividend payer. It pays a dividend yield of 15.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEllington Residential Mortgage REIT does not have a long track record of dividend growth.Dividend CoverageThe 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 SustainabilityBased 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. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for EARN. Previous Next 2.4 News and Social Media Coverage News SentimentEllington Residential Mortgage REIT has a news sentiment score of 0.35. 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 0.84 average news sentiment score of Finance companies.News Coverage This WeekMarketBeat has tracked 2 news articles for Ellington Residential Mortgage REIT this week, compared to 2 articles on an average week.Search Interest13 people have searched for EARN on MarketBeat in the last 30 days. This is an increase of 63% compared to the previous 30 days.MarketBeat Follows8 people have added Ellington Residential Mortgage REIT to their MarketBeat watchlist in the last 30 days. This is an increase of 167% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ellington Residential Mortgage REIT insiders have not sold or bought any company stock.Percentage Held by InsidersOnly 2.60% of the stock of Ellington Residential Mortgage REIT is held by insiders.Percentage Held by InstitutionsOnly 18.41% of the stock of Ellington Residential Mortgage REIT is held by institutions. Previous Next 3.8 Earnings and Valuation Earnings GrowthEarnings 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 MarketThe P/E ratio of Ellington Residential Mortgage REIT is 62.80, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 114.31.Price to Earnings Ratio vs. SectorThe P/E ratio of Ellington Residential Mortgage REIT is 62.80, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 81.01.Price to Book Value per Share RatioEllington 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. Previous Next See Top Rated MarketRank™ Stocks Here About Ellington Residential Mortgage REIT (NYSE:EARN) StockEllington 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.Read More EARN Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart EARN Stock News HeadlinesSeptember 26, 2023 | seekingalpha.comEllington Residential Mortgage REIT: This 15% Yielding Mortgage Trust Could Outperform (Upgrade)September 21, 2023 | msn.comA Look At The Five Corners Roundabout In EllingtonSeptember 27, 2023 | Edge On The Street (Ad)Is Gold Really Boring?Many investors perceive gold as a "boring" investment. But according to MoneyWeek, that's a good thing. Gold helps investors sleep soundly as it preserves wealth and creates a hedge against inflation. Today, there's a unique way to invest in gold, with real advantages over coins and mining stocks. September 17, 2023 | msn.comFire departments battle blaze at detached garage in EllingtonSeptember 1, 2023 | nasdaq.comEllington Residential Mortgage REIT (FRA:73Z) Price Target Increased by 14.03% to 8.44August 26, 2023 | sfgate.comFire officials on scene of Ellington blaze at single family home, police sayAugust 18, 2023 | markets.businessinsider.comEllington Residential Mortgage REIT Shs of Benef InterestAugust 15, 2023 | finance.yahoo.comEllington Residential Mortgage REIT (NYSE:EARN) Q2 2023 Earnings Call TranscriptSeptember 27, 2023 | Wall Street Fundamentals (Ad)The "Plug and Play" Model Putting Online Giants to ShameWhile e-commerce has been undergoing a turbulent time, a "simple" model has grown 4X faster than Amazon over the last 3 years. Applying this model to high-margin, recession-resistant businesses has shown to be profitable. But that's just the beginning of explaining the 400+% growth - and potential - of this "diamond in the rough."August 12, 2023 | finance.yahoo.comQ2 2023 Ellington Residential Mortgage REIT Earnings CallAugust 10, 2023 | msn.comEllington Residential (EARN) Lags Q2 Earnings and Revenue EstimatesAugust 10, 2023 | finance.yahoo.comEllington Residential Mortgage REIT Reports Second Quarter 2023 ResultsAugust 2, 2023 | technews.tmcnet.comGreek Media Uncovers the Reality of the Situation Between Thrivest, Ellington, and Attica BankJuly 25, 2023 | chron.comThe late Lenzy Wallace Jr., a musical inspiration to Ellington students, to be feted on Wall of HonorJuly 22, 2023 | sports.yahoo.comWayne Ellington reveals why he picked UNC over VillanovaJuly 19, 2023 | msn.comEllington resigns as Newark City Council president after 20 years on council. What now?July 18, 2023 | msn.comAccomplishments By Ellington, Somers College Students: Spring 2023July 15, 2023 | news.yahoo.comSouthWindsorresident Matthew Reed hired as Ellington's first town administratorJuly 6, 2023 | sfgate.comEllington dentist Warren Zahner, 72, remembered for life of serviceJuly 5, 2023 | msn.comFrank Mozzicato Of Ellington Continues Upward Climb In Pro BaseballJuly 1, 2023 | chron.comSouth Windsor, Ellington advance to Little League District 8 U12 baseball championship gameJune 27, 2023 | yahoo.comThe Ageless Erik Ellington, Still Ripping In ParisJune 27, 2023 | msn.comMiddle School Science Student From Ellington Wins State CompetitionJune 21, 2023 | businesswire.comEllington Financial Announces Estimated Book Value Per Common Share as of May 31, 2023June 16, 2023 | msn.comEllington-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 LifeJune 16, 2023 | bizjournals.comEllington Place to bring 220 apartments to St. PetersburgSee More Headlines Receive EARN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Ellington Residential Mortgage REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address EARN Company Calendar Last Earnings5/02/2022Ex-Dividend for 9/25 Dividend8/30/2023Dividend Payable9/25/2023Today9/27/2023Ex-Dividend for 10/25 Dividend9/28/2023Dividend Payable10/25/2023Next Earnings (Estimated)11/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:EARN CUSIPN/A CIK1560672 Webwww.earnreit.com Phone(203) 698-1200FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price Forecast$7.75 High Stock Price Forecast$8.00 Low Stock Price Forecast$7.50 Forecasted Upside/Downside+23.4%Consensus RatingModerate Buy Rating Score (0-4)2.50 Research Coverage2 Analysts Profitability EPS (Most Recent Fiscal Year)$0.10 Trailing P/E Ratio62.80 Forward P/E Ratio6.98 P/E GrowthN/ANet Income$-30,200,000.00 Net Margins-149.60% Pretax Margin27.41% Return on Equity10.23% Return on Assets1.03% Debt Debt-to-Equity RatioN/A Current Ratio0.09 Quick Ratio0.09 Sales & Book Value Annual Sales$20.19 million Price / Sales4.70 Cash Flow$1.21 per share Price / Cash Flow5.21 Book Value$8.59 per share Price / Book0.73Miscellaneous Outstanding Shares15,110,000Free Float14,717,000Market Cap$94.89 million OptionableNot Optionable Beta1.78 The Best High-Yield Dividend Stocks for 2023Looking to generate income with your stock portfolio? Use these ten stocks to generate a safe and reliable source of investment income.Get This Free Report Key ExecutivesMr. Laurence Eric Penn (Age 61)CEO, Pres & Trustee Mr. Christopher M. Smernoff (Age 46)Chief Financial Officer Comp: $93.61kMr. J. R. Herlihy (Age 42)Chief Operating Officer Comp: $124.97kMr. 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 AmbricoControllerMr. Alaael-Deen ShillehAssociate Gen. Counsel & Sec.More ExecutivesKey CompetitorsCreative Media & Community Trust Co.NASDAQ:CMCTClipper RealtyNYSE:CLPRCherry Hill Mortgage InvestmentNYSE:CHMIAshford Hospitality TrustNYSE:AHTAG Mortgage Investment TrustNYSE:MITTView All CompetitorsInstitutional OwnershipOsaic Holdings Inc.Bought 5,553 shares on 8/21/2023Ownership: 0.329%Royal Bank of CanadaSold 8,546 shares on 8/15/2023Ownership: 0.117%Citadel Advisors LLCSold 3,000 shares on 8/15/2023Ownership: 0.000%Tudor Investment Corp Et AlSold 7,908 shares on 8/14/2023Ownership: 0.738%State Street CorpSold 7,800 shares on 8/14/2023Ownership: 0.358%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 year. 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 equities research analysts have issued 1 year price targets for Ellington Residential Mortgage REIT's stock. Their EARN share price forecasts range from $7.50 to $8.00. On average, they predict the company's stock price to reach $7.75 in the next year. This suggests a possible upside of 23.4% 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 at the beginning of 2023. Since then, EARN shares have decreased by 8.5% and is now trading at $6.28. View the best growth stocks for 2023 here. Are investors shorting Ellington Residential Mortgage REIT? Ellington Residential Mortgage REIT saw a increase in short interest in August. As of August 31st, there was short interest totaling 154,400 shares, an increase of 32.3% from the August 15th total of 116,700 shares. Based on an average daily volume of 112,600 shares, the days-to-cover ratio is currently 1.4 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) announced its quarterly earnings results on Monday, May, 2nd. The real estate investment trust reported $0.30 earnings per share 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 prior year, the firm earned $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 declared 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 dividend on an annualized basis and a yield of 15.29%. 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 14.95%. 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." Who are Ellington Residential Mortgage REIT's major shareholders? Ellington Residential Mortgage REIT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (3.19%), BlackRock Inc. (1.68%), Geode Capital Management LLC (1.03%), Tudor Investment Corp Et Al (0.74%), Gables Capital Management Inc. (0.67%) and Envestnet Asset Management Inc. (0.48%). View institutional ownership trends. 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 $6.28. How much money does Ellington Residential Mortgage REIT make? Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $94.89 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 9/27/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. 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