NYSE:EARNEllington Residential Mortgage REIT Stock Price, Forecast & News

Ellington Residential Mortgage REIT's stock was trading at $9.70 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EARN stock has increased by 3.2% and is now trading at $10.01. View which stocks have been most impacted by Coronavirus.

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.

Ellington Residential Mortgage REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT (NYSE:EARN) posted its quarterly earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The real estate investment trust earned $3.78 million during the quarter. Ellington Residential Mortgage REIT had a positive return on equity of 7.44% and a negative net margin of 36.77%. View Ellington Residential Mortgage REIT's earnings history.

Ellington Residential Mortgage REIT declared a quarterly dividend on Wednesday, June 10th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.28 per share on Monday, July 27th. This represents a $1.12 annualized dividend and a dividend yield of 11.19%. The ex-dividend date of this dividend is Monday, June 29th. View Ellington Residential Mortgage REIT's dividend history.

1 equities research analysts have issued twelve-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 24.9% from the stock's current price. View analysts' price targets for Ellington Residential Mortgage REIT.

Media stories about EARN stock have trended negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Ellington Residential Mortgage REIT earned a daily sentiment score of -2.2 on InfoTrie's scale. They also assigned news headlines about the real estate investment trust a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the stock's share price in the immediate future. View the latest news about Ellington Residential Mortgage REIT.

Some companies that are related to Ellington Residential Mortgage REIT include City Office REIT (CIO), Urstadt Biddle Properties (UBA), Ready Capital (RC), Catchmark Timber Trust (CTT), Urstadt Biddle Properties (UBP), Granite Point Mortgage Trust (GPMT), One Liberty Properties (OLP), Preferred Apartment Communities (APTS), Gladstone Land (LAND), Jernigan Capital (JCAP), Dynex Capital (DX), Orchid Island Capital (ORC), Whitestone REIT (WSR), Ares Commercial Real Estate (ACRE) and New Senior Investment Group (SNR). View all competitors.

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), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Arlington Asset Investment (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and ANNALY CAP MGMT/SH (NLY).

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

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 $10.01.

Ellington Residential Mortgage REIT has a market capitalization of $123.32 million and generates $8.57 million in revenue each year.

The official website for Ellington Residential Mortgage REIT is 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]