NYSE:EARN Ellington Residential Mortgage REIT - EARN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ellington Residential Mortgage REIT Please log in to your account or sign up in order to add this asset to your watchlist. $7.18 -0.01 (-0.14%) (As of 03/28/2023 02:35 PM ET) Add Compare Share Share Today's Range$7.15▼$7.2250-Day Range$6.96▼$8.1052-Week Range$5.70▼$10.37Volume108,797 shsAverage Volume94,919 shsMarket Capitalization$98.94 millionP/E RatioN/ADividend Yield13.37%Price Target$7.75 ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Ellington Residential Mortgage REIT MarketRank™ ForecastAnalyst RatingHold2.33 Rating ScoreUpside/Downside7.5% Upside$7.75 Price TargetShort InterestHealthy1.12% of Shares Sold ShortDividend StrengthWeakBased on Four FactorsSustainabilityN/ANews Sentiment0.29Based on 2 Articles This WeekInsider TradingN/AProj. Earnings Growth17.76%From $1.07 to $1.26 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.1.78 out of 5 starsFinance Sector797th out of 891 stocksReal Estate Investment Trusts Industry169th out of 190 stocks 1.2 Analyst's Opinion Consensus RatingEllington Residential Mortgage REIT has received a consensus rating of Hold. The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, 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 7.5% from its current price of $7.21.Amount of Analyst CoverageEllington Residential Mortgage REIT has received no research coverage in the past 90 days. Previous Next 4.0 Short Interest Percentage of Shares Shorted1.12% 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 1.7, 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 decreased by 3.86%, indicating that investor sentiment is improving. Previous Next 1.7 Dividend Strength Dividend LeadershipEllington Residential Mortgage REIT is a leading dividend payer. It pays a dividend yield of 13.52%, 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 SustainabilityBased on EPS estimates, Ellington Residential Mortgage REIT will have a dividend payout ratio of 76.19% 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 1.8 News and Social Media Coverage News SentimentEllington Residential Mortgage REIT has a news sentiment score of 0.29. 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 0.57 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 InterestOnly 69 people have searched for EARN on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.MarketBeat Follows6 people have added Ellington Residential Mortgage REIT to their MarketBeat watchlist in the last 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 2.50% of the stock of Ellington Residential Mortgage REIT is held by insiders.Percentage Held by InstitutionsOnly 23.88% of the stock of Ellington Residential Mortgage REIT is held by institutions. Previous Next 2.5 Earnings and Valuation Earnings GrowthEarnings for Ellington Residential Mortgage REIT are expected to grow by 17.76% in the coming year, from $1.07 to $1.26 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Ellington Residential Mortgage REIT is -3.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Ellington Residential Mortgage REIT is -3.12, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioEllington Residential Mortgage REIT has a P/B Ratio of 0.84. 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 is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio include non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded in August 2012 and is headquartered in Old Greenwich, CT.Read More 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 Stock News HeadlinesMarch 23, 2023 | msn.comGetting It Done In The Classroom: Ellington, Somers College StudentsMarch 23, 2023 | msn.comEllington Winter Guard team growing, winningMarch 28, 2023 | Porter & Company (Ad)Biden's corruption knows no endPorter Stansberry here -- I reveal the shocking changes this Obama policy will usher in… what it means for you, your family, and your finances… and how you can prepare for this new American era. Stream my new documentary at no cost today.March 20, 2023 | msn.comState police seek man accused of stealing chainsaw from Ellington storeMarch 10, 2023 | msn.comEllington Residential Mortgage REIT (EARN) Declares $0.08 DividendMarch 8, 2023 | finance.yahoo.comQ4 2022 Ellington Residential Mortgage REIT Earnings CallMarch 7, 2023 | finance.yahoo.comEllington Residential Announces Estimated Book Value Per Share as of February 28, 2023March 6, 2023 | msn.comEllington Residential Mortgage Q4 earnings beat as inflation outlook easesMarch 28, 2023 | Porter & Company (Ad)Biden's corruption knows no endPorter Stansberry here -- I reveal the shocking changes this Obama policy will usher in… what it means for you, your family, and your finances… and how you can prepare for this new American era. Stream my new documentary at no cost today.March 6, 2023 | finance.yahoo.comEllington Residential Mortgage REIT Reports Fourth Quarter 2022 ResultsMarch 6, 2023 | seekingalpha.comEllington Residential Mortgage REIT Non-GAAP EPS of $0.25 beats by $0.03February 25, 2023 | msn.comEllington man sentenced for hitting and killing South Windsor police officer, evading scene: DCJFebruary 24, 2023 | msn.comPolice: Ellington man sentenced for hitting and killing South Windsor police officer, evading sceneFebruary 22, 2023 | washingtonpost.comMorehead State visits Eastern Illinois after Ellington's 20-point outingFebruary 21, 2023 | washingtonpost.comEastern Illinois plays Morehead State following Ellington's 20-point performanceFebruary 20, 2023 | msn.comWatch the historic Ivey-Ellington House move to its new location in CaryFebruary 9, 2023 | finance.yahoo.comEllington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2022 Earnings, Conference Call, and Investor PresentationFebruary 8, 2023 | msn.comEllington gets statement win over CantonJanuary 31, 2023 | finance.yahoo.comEllington Residential Mortgage REIT Announces the Income Tax Treatment of its 2022 DistributionsJanuary 26, 2023 | msn.comState police K9 locates car thief in EllingtonJanuary 25, 2023 | msn.comState police K9 helps locate a suspect in truck theft in EllingtonJanuary 25, 2023 | msn.comState police K9 finds stolen vehicle suspect in EllingtonJanuary 17, 2023 | finance.yahoo.comEllington Residential Announces Estimated Book Value Per Share as of December 31, 2022January 14, 2023 | benzinga.comEllington Residential Stock (NYSE:EARN), Quotes and News SummaryJanuary 12, 2023 | marketwatch.com8-K: Ellington Residential Mortgage REITJanuary 9, 2023 | msn.comEllington Residential Mortgage REIT declares $0.08 dividendJanuary 9, 2023 | msn.comState Police ID Man Wanted for Arson After Fire at Ellington Masonic LodgeSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart 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 3/27 Dividend2/27/2023Dividend Payable3/27/2023Today3/28/2023Ex-Dividend for 4/25 Dividend3/30/2023Dividend Payable4/25/2023Next Earnings (Estimated)5/01/2023Fiscal 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+7.5%Consensus RatingHold Rating Score (0-4)2.33 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)($2.31) Trailing P/E RatioN/A Forward P/E Ratio6.74 P/E GrowthN/ANet Income$-30,200,000.00 Net Margins-149.60% Pretax Margin-86.26% Return on Equity11.84% Return on Assets1.13% Debt Debt-to-Equity RatioN/A Current Ratio0.09 Quick Ratio0.09 Sales & Book Value Annual Sales$20.19 million Price / Sales4.92 Cash Flow$1.25 per share Price / Cash Flow5.76 Book Value$8.59 per share Price / Book0.84Miscellaneous Outstanding Shares13,780,000Free Float13,436,000Market Cap$99.35 million OptionableNot Optionable Beta1.78 Key ExecutivesLaurence Eric PennPresident, Chief Executive Officer & TrusteeJ. R. HerlihyChief Operating Officer & TreasurerChristopher M. SmernoffChief Financial OfficerMichael William VranosTrustee & Co-Chief Investment OfficerMark Ira TecotzkyCo-Chief Investment OfficerKey CompetitorsCreative Media & Community Trust Co.NASDAQ:CMCTAshford Hospitality TrustNYSE:AHTClipper RealtyNYSE:CLPRLument Finance TrustNYSE:LFTACRES Commercial RealtyNYSE:ACRView All CompetitorsInstitutional OwnershipTruist Financial CorpSold 3,314 shares on 2/17/2023Ownership: 0.110%Almitas Capital LLCSold 108,915 shares on 2/15/2023Ownership: 0.994%Morgan StanleySold 4,300 shares on 2/15/2023Ownership: 0.182%Price T Rowe Associates Inc. MDBought 10,110 shares on 2/14/2023Ownership: 0.253%Two Sigma Investments LPSold 11,456 shares on 2/14/2023Ownership: 0.083%View All Institutional Transactions EARN Stock - Frequently Asked Questions Should I buy or sell Ellington Residential Mortgage REIT stock right now? 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" EARN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EARN, but not buy additional shares or sell existing shares. View EARN analyst ratings or view top-rated stocks. What is Ellington Residential Mortgage REIT's stock price forecast for 2023? 3 Wall Street research analysts have issued 1-year target prices for Ellington Residential Mortgage REIT's shares. Their EARN share price forecasts range from $7.50 to $8.00. On average, they expect the company's stock price to reach $7.75 in the next twelve months. This suggests a possible upside of 7.5% 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 start of the year. Since then, EARN stock has increased by 5.1% and is now trading at $7.21. 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 during the month of February. As of February 28th, there was short interest totaling 160,700 shares, an increase of 36.9% from the February 13th total of 117,400 shares. Based on an average daily trading volume, of 88,500 shares, the days-to-cover ratio is presently 1.8 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 Monday, May 1st 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 data on Monday, May, 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by $0.01. Ellington Residential Mortgage REIT had a positive trailing twelve-month return on equity of 11.84% and a negative net margin of 149.60%. During the same period in the previous year, the firm 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 Tuesday, March 7th. Shareholders of record on Friday, March 31st will be given a dividend of $0.08 per share on Tuesday, April 25th. This represents a $0.96 annualized dividend and a yield of 13.31%. The ex-dividend date of this dividend is Thursday, March 30th. 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 13.52%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. 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 number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (3.31%), Geode Capital Management LLC (1.20%), Almitas Capital LLC (0.99%), Gables Capital Management Inc. (0.76%), Thrivent Financial for Lutherans (0.61%) and Wolverine Asset Management LLC (0.57%). 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 $7.21. How much money does Ellington Residential Mortgage REIT make? Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $99.35 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 ($2.31) 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 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. 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