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PYPL   85.88 (+3.58%)
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NYSE:EARN

Ellington Residential Mortgage REIT - EARN Stock Forecast, Price & News

$8.00
+0.09 (+1.14%)
(As of 02/2/2023 09:17 AM ET)
Add
Compare
Today's Range
$8.00
$8.00
50-Day Range
$6.86
$8.10
52-Week Range
$5.70
$10.50
Volume
412 shs
Average Volume
97,641 shs
Market Capitalization
$104.64 million
P/E Ratio
N/A
Dividend Yield
12.14%
Price Target
$8.83

Ellington Residential Mortgage REIT MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
10.4% Upside
$8.83 Price Target
Short Interest
Healthy
1.05% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.13mentions of Ellington Residential Mortgage REIT in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
7.00%
From $1.00 to $1.07 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.13 out of 5 stars

Finance Sector

513th out of 879 stocks

Real Estate Investment Trusts Industry

110th out of 190 stocks


EARN stock logo

About Ellington Residential Mortgage REIT (NYSE:EARN) Stock

Ellington 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.

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EARN Stock News Headlines

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Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Solar Industry at Start of Long Bull Run?
The U.S. solar industry generated nearly $33 billion of private investment in the American economy in 2021 -- and analysts say it looks like the start of a long solar bull market. Leading the way is the just-signed Inflation Reduction Act of 2022. With its generous investment tax credits, the Act is expected to triple U.S. solar energy production over the next 5 years.
8-K: Ellington Residential Mortgage REIT
How Duke Ellington Got His Nickname
See More Headlines
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EARN Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 1/25 Dividend
12/29/2022
Dividend Payable
1/25/2023
Ex-Dividend for 2/27 Dividend
1/30/2023
Today
2/02/2023
Dividend Payable
2/27/2023
Next Earnings (Estimated)
3/06/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$8.83
High Stock Price Forecast
$11.00
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+10.4%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-6,310,000.00
Net Margins
-189.96%
Pretax Margin
-189.96%

Debt

Sales & Book Value

Annual Sales
$25.64 million
Cash Flow
$1.84 per share
Book Value
$11.92 per share

Miscellaneous

Free Float
12,752,000
Market Cap
$104.64 million
Optionable
Not Optionable
Beta
1.77

Key Executives

  • Laurence Eric Penn
    President, Chief Executive Officer & Trustee
  • J. R. Herlihy
    Chief Operating Officer & Treasurer
  • Christopher M. Smernoff
    Chief Financial Officer
  • Michael William Vranos
    Trustee & Co-Chief Investment Officer
  • Mark Ira Tecotzky
    Co-Chief Investment Officer













EARN Stock - Frequently Asked Questions

Should I buy or sell Ellington Residential Mortgage REIT stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities 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 analysts have issued 1-year price targets for Ellington Residential Mortgage REIT's shares. Their EARN share price forecasts range from $7.50 to $11.00. On average, they predict the company's share price to reach $8.83 in the next twelve months. This suggests a possible upside of 10.4% 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 16.6% and is now trading at $8.00.
View the best growth stocks for 2023 here
.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a drop in short interest in January. As of January 15th, there was short interest totaling 137,300 shares, a drop of 9.1% from the December 31st total of 151,000 shares. Based on an average daily trading volume, of 88,200 shares, the short-interest ratio is currently 1.6 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, March 6th 2023.
View our EARN earnings forecast
.

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

Ellington Residential Mortgage REIT (NYSE:EARN) posted its quarterly earnings data on Monday, May, 2nd. The real estate investment trust reported $0.30 earnings per share 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 11.19% and a negative net margin of 189.96%. During the same period in the previous year, the company earned $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 declared a monthly dividend on Monday, January 9th. Investors of record on Tuesday, January 31st will be paid a dividend of $0.08 per share on Monday, February 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date is Monday, January 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 12.26%. 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?
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 many different retail and institutional investors. Top institutional shareholders include Wolverine Asset Management LLC (0.57%), Claybrook Capital LLC (0.31%), BDO Wealth Advisors LLC (0.22%) and Concourse Financial Group Securities Inc. (0.00%).
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 $8.00.

How much money does Ellington Residential Mortgage REIT make?

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $104.64 million and generates $25.64 million in revenue each year. The real estate investment trust earns $-6,310,000.00 in net income (profit) each year or ($3.40) 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 2/2/2023 by MarketBeat.com Staff