Ellington Residential Mortgage REIT Stock Price, News & Analysis (NYSE:EARN)

Ellington Residential Mortgage REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "EARN."

Ellington Residential Mortgage REIT announced a quarterly dividend on Wednesday, September 11th. Shareholders of record on Monday, September 30th will be given a dividend of $0.28 per share on Friday, October 25th. This represents a $1.12 annualized dividend and a yield of 10.61%. The ex-dividend date is Friday, September 27th. View Ellington Residential Mortgage REIT's Dividend History.

Ellington Residential Mortgage REIT announced that its board has authorized a share repurchase program on Friday, February 9th 2018, which authorizes the company to repurchase 1,200,000 outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's management believes its shares are undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings results on Thursday, August, 1st. The real estate investment trust reported $0.22 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.26 by $0.04. The real estate investment trust earned $2.48 million during the quarter. Ellington Residential Mortgage REIT had a negative net margin of 2.05% and a positive return on equity of 8.89%. View Ellington Residential Mortgage REIT's Earnings History.

Ellington Residential Mortgage REIT is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Ellington Residential Mortgage REIT.

1 equities research analysts have issued 12 month price targets for Ellington Residential Mortgage REIT's shares. 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 18.4% from the stock's current price. View Analyst Price Targets 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.

Headlines about EARN stock have trended negative on Monday, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a news impact score of -2.4 on InfoTrie's scale. They also assigned news stories about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT saw a drop in short interest in September. As of September 30th, there was short interest totalling 332,600 shares, a drop of 7.8% from the August 30th total of 360,800 shares. Based on an average trading volume of 45,000 shares, the days-to-cover ratio is presently 7.4 days. Currently, 3.6% of the shares of the stock are short sold. View Ellington Residential Mortgage REIT's Current Options Chain.

Some companies that are related to Ellington Residential Mortgage REIT include Western Asset Mortgage Capital (WMC), Catchmark Timber Trust (CTT), AG Mortgage Investment Trust (MITT), Ares Commercial Real Estate (ACRE), Jernigan Capital (JCAP), Pennsylvania R.E.I.T. (PEI), Global Medical REIT (GMRE), Dynex Capital (DX), Spirit MTA REIT (SMTA), Exantas Capital (XAN), MedEquities Realty Trust (MRT), Orchid Island Capital (ORC), Anworth Mortgage Asset Corp Reit (ANH), Great Ajax (AJX) and Braemar Hotels & Resorts (BHR).

Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Residential Mortgage REIT investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SunCoke Energy Partners (SXCP), SandRidge Permian Trust (PER), Martin Midstream Partners (MMLP), Navios Maritime Midstream Partners (NAP), Arlington Asset Investment (AI) and AGNC Investment (AGNC).

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.

One share of EARN stock can currently be purchased for approximately $10.56.

Ellington Residential Mortgage REIT has a market capitalization of $133.16 million and generates $54.55 million in revenue each year. The real estate investment trust earns $-11,300,000.00 in net income (profit) each year or $1.34 on an earnings per share basis. View Additional Information About Ellington Residential Mortgage REIT.

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

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]