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S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Is Gold Really Boring? (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
Is Gold Really Boring? (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Is Gold Really Boring? (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
Is Gold Really Boring? (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
S&P 500   4,273.53
DOW   33,618.88
QQQ   354.21
5 Oversold Semiconductor Stocks to Nibble On Ahead of Q3 Earnings
Is Gold Really Boring? (Ad)
3 Warren Buffett Stocks that are Moving into the Buy Zone
3 Stocks That Really, Really Need the Defense Bill to Pass
The "Plug and Play" Model Putting Online Giants to Shame (Ad)
JPMorgan to pay $75 million on claims that it enabled Jeffrey Epstein's sex trafficking operations
Stock market today: World shares mixed after Wall Street retreat deepens
Is Gold Really Boring? (Ad)
AI Race Accelerates with Amazon's Investment In Anthropic
US consumer confidence tumbles in September as American anxiety about the future grows
NYSE:EARN

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

$6.28
-0.12 (-1.88%)
(As of 09/26/2023 ET)
Compare
Today's Range
$6.28
$6.40
50-Day Range
$6.23
$7.57
52-Week Range
$5.70
$8.15
Volume
142,604 shs
Average Volume
106,804 shs
Market Capitalization
$94.89 million
P/E Ratio
62.80
Dividend Yield
15.29%
Price Target
$7.75

Ellington Residential Mortgage REIT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
23.4% Upside
$7.75 Price Target
Short Interest
Healthy
1.02% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.35mentions of Ellington Residential Mortgage REIT in the last 14 days
Based on 2 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.

2.37 out of 5 stars

Finance Sector

455th out of 841 stocks

Real Estate Investment Trusts Industry

100th out of 182 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. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.

EARN Price History

EARN Stock News Headlines

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.
Ellington Residential Mortgage REIT Shs of Benef Interest
The "Plug and Play" Model Putting Online Giants to Shame
While 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."
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
Today
9/27/2023
Ex-Dividend for 10/25 Dividend
9/28/2023
Dividend Payable
10/25/2023
Next Earnings (Estimated)
11/08/2023
Fiscal Year End
12/31/2023

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
$7.75
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+23.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$-30,200,000.00
Net Margins
-149.60%
Pretax Margin
27.41%

Debt

Sales & Book Value

Annual Sales
$20.19 million
Cash Flow
$1.21 per share
Book Value
$8.59 per share

Miscellaneous

Free Float
14,717,000
Market Cap
$94.89 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.













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?
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

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