Ellington Residential Mortgage REIT Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Ellington Residential Mortgage REIT stock.
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Ellington Residential Mortgage REIT saw a drop in short interest during the month of August. As of August 13th, there was short interest totaling 145,400 shares, a drop of 20.7% from the July 29th total of 183,400 shares. Based on an average daily volume of 255,100 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.2% of the company's stock are short sold.
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Ellington Residential Mortgage REIT is scheduled to release its next quarterly earnings announcement on Thursday, November 4th 2021.
View our earnings forecast for Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT (NYSE:EARN) issued its earnings results on Sunday, August, 1st. The real estate investment trust reported $0.37 EPS for the quarter, topping the consensus estimate of $0.32 by $0.05. Ellington Residential Mortgage REIT had a trailing twelve-month return on equity of 10.64% and a net margin of 40.54%.
View Ellington Residential Mortgage REIT's earnings history.

Ellington Residential Mortgage REIT's stock was trading at $9.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, EARN stock has increased by 20.0% and is now trading at $11.64.
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Ellington Residential Mortgage REIT declared a quarterly dividend on Monday, September 13th. Investors of record on Thursday, September 30th will be paid a dividend of $0.30 per share on Monday, October 25th. This represents a $1.20 annualized dividend and a dividend yield of 10.31%. The ex-dividend date of this dividend is Wednesday, September 29th.
View Ellington Residential Mortgage REIT's dividend history.

Ellington Residential Mortgage REIT pays an annual dividend of $1.20 per share and currently has a dividend yield of 10.36%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
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1 Wall Street analysts have issued 1-year price targets for Ellington Residential Mortgage REIT's stock. Their forecasts range from $13.25 to $13.25. On average, they anticipate Ellington Residential Mortgage REIT's share price to reach $13.25 in the next twelve months. This suggests a possible upside of 13.8% from the stock's current price.
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Some companies that are related to Ellington Residential Mortgage REIT include CatchMark Timber Trust (CTT), Franklin Street Properties (FSP), Ashford Hospitality Trust (AHT), Whitestone REIT (WSR), Farmland Partners (FPI), Hersha Hospitality Trust (HT), BRT Apartments (BRT), Bluerock Residential Growth REIT (BRG), CTO Realty Growth (CTO), Great Ajax (AJX), Cedar Realty Trust (CDR), Braemar Hotels & Resorts (BHR), Transcontinental Realty Investors (TCI), Postal Realty Trust (PSTL) and Alpine Income Property Trust (PINE).
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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).

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

Ellington Residential Mortgage REIT's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (5.36%), Blackstone Inc (4.87%), Blackstone Inc (4.87%), Vanguard Group Inc. (4.76%), BlackRock Inc. (3.24%) and FMR LLC (2.98%).
View institutional ownership trends for Ellington Residential Mortgage REIT.

EARN stock was sold by a variety of institutional investors in the last quarter, including Blackstone Inc, Blackstone Inc, BlackRock Inc., Wells Fargo & Company MN, State Street Corp, Renaissance Technologies LLC, FMR LLC, and Northern Trust Corp.
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EARN stock was acquired by a variety of institutional investors in the last quarter, including Monashee Investment Management LLC, Tudor Investment Corp Et Al, Millennium Management LLC, Marshall Wace LLP, Marshall Wace LLP, Vanguard Group Inc., Magnetar Financial LLC, and Morgan Stanley.
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Shares of EARN 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.
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One share of EARN stock can currently be purchased for approximately $11.64.

Ellington Residential Mortgage REIT has a market capitalization of $150.38 million and generates $17.35 million in revenue each year.

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

Ellington Residential Mortgage REIT is headquartered at 53 Forest Avenue, Old Greenwich CT, 06870.

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].