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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EARN shares.
View EARN analyst ratings or view top-rated stocks.

2 Wall Street analysts have issued 12 month target prices for Ellington Residential Mortgage REIT's stock. Their EARN share price forecasts range from $7.25 to $11.00. On average, they predict the company's stock price to reach $8.75 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
View analysts price targets for EARN or view top-rated stocks among Wall Street analysts.

Ellington Residential Mortgage REIT's stock was trading at $10.39 at the beginning of 2022. Since then, EARN shares have decreased by 30.0% and is now trading at $7.27.
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Ellington Residential Mortgage REIT saw a decrease in short interest in the month of November. As of November 15th, there was short interest totaling 180,300 shares, a decrease of 29.7% from the October 31st total of 256,300 shares. Based on an average trading volume of 87,000 shares, the short-interest ratio is presently 2.1 days.
View Ellington Residential Mortgage REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
View our EARN earnings forecast.

Ellington Residential Mortgage REIT (NYSE:EARN) announced its earnings results on Monday, May, 2nd. The real estate investment trust reported $0.30 earnings per share for the quarter, missing analysts' consensus estimates 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.

Ellington Residential Mortgage REIT declared a monthly dividend on Monday, November 7th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.08 per share on Tuesday, December 27th. This represents a $0.96 annualized dividend and a yield of 13.20%. The ex-dividend date is Tuesday, November 29th.
Read our dividend analysis for EARN.

Ellington Residential Mortgage REIT (NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 13.31%. 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.

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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.47%), Renaissance Technologies LLC (3.60%), Almitas Capital LLC (1.83%), BlackRock Inc. (1.71%), Two Sigma Advisers LP (0.64%) and Wolverine Asset Management LLC (0.42%).
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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.
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One share of EARN stock can currently be purchased for approximately $7.27.

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $95.08 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.

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.