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

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$11.63 +0.09 (+0.78 %)
(As of 02/22/2019 04:00 PM ET)
Previous Close$11.54
Today's Range$11.5062 - $11.63
52-Week Range$10.14 - $12.09
Volume77,524 shs
Average Volume64,448 shs
Market Capitalization$146.65 million
P/E Ratio8.68
Dividend Yield11.79%
Beta0.75
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. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ellington Residential Mortgage REIT was founded in 2012 and is based in Old Greenwich, Connecticut.

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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$2.5902 per share
Book Value$14.45 per share

Profitability

Net Income$-11,300,000.00

Miscellaneous

Employees160
Market Cap$146.65 million
Next Earnings Date5/2/2019 (Estimated)
OptionableNot Optionable

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, December 12th. Investors of record on Monday, December 31st will be given a dividend of $0.34 per share on Friday, January 25th. This represents a $1.36 dividend on an annualized basis and a yield of 11.69%. The ex-dividend date is Friday, December 28th. View Ellington Residential Mortgage REIT's Dividend History.

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

Ellington Residential Mortgage REIT announced that its Board of Directors has approved a stock repurchase program on Friday, February 9th 2018, which permits the company to buyback 1,200,000 shares, according to EventVestor. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's board of directors believes its stock is undervalued.

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

Ellington Residential Mortgage REIT (NYSE:EARN) posted its quarterly earnings results on Monday, February, 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, meeting the Zacks' consensus estimate of $0.32. The real estate investment trust earned $4.79 million during the quarter. Ellington Residential Mortgage REIT had a negative net margin of 51.26% and a positive return on equity of 9.85%. 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 Thursday, May 2nd 2019. View Earnings Estimates for Ellington Residential Mortgage REIT.

Has Ellington Residential Mortgage REIT been receiving favorable news coverage?

News stories about EARN stock have been trending positive this week, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a media sentiment score of 2.7 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company's share price in the near future.

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 number of of institutional and retail investors. Top institutional investors include BlackRock Inc. (2.43%), Acadian Asset Management LLC (1.82%), Gables Capital Management Inc. (1.03%), Thrivent Financial for Lutherans (0.64%), BB&T Securities LLC (0.56%) and Municipal Employees Retirement System of Michigan (0.49%). 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 institutional 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, Acadian Asset Management LLC, Gables Capital Management Inc., BlackRock Inc., Two Sigma Investments LP, BB&T Securities LLC and Edge Wealth Management LLC. View Insider Buying and Selling for Ellington Residential Mortgage REIT.

Which institutional investors are buying Ellington Residential Mortgage REIT stock?

EARN stock was purchased by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, Barclays PLC, D. E. Shaw & Co. Inc., SG Americas Securities LLC, GSA Capital Partners LLP, Advisor Group Inc., Thrivent Financial for Lutherans and Wedbush Securities Inc.. 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, Scottrade, 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 $11.63.

How big of a company is Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT has a market capitalization of $146.65 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. Ellington Residential Mortgage REIT employs 160 workers across the globe.

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:  146 (Vote Outperform)
Underperform Votes:  218 (Vote Underperform)
Total Votes:  364
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 2/22/2019 by MarketBeat.com Staff

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