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.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:EARN
Previous Symbol
CUSIPN/A
Phone203-698-1200
Debt
Debt-to-Equity RatioN/A
Current Ratio0.08
Quick Ratio0.08
Price-To-Earnings
Trailing P/E Ratio6.16
Forward P/E Ratio8.34
P/E GrowthN/A
Sales & Book Value
Annual Sales$30.14 million
Price / Sales4.64
Cash Flow$2.4865 per share
Price / Cash Flow4.46
Book Value$14.45 per share
Price / Book0.77
Profitability
EPS (Most Recent Fiscal Year)$1.80
Net Income$10.78 million
Net Margins-1.77%
Return on Equity10.35%
Return on Assets1.02%
Miscellaneous
Employees160
Outstanding Shares12,610,000
Market Cap$142.24 million
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 declared a quarterly dividend on Wednesday, December 12th. Shareholders of record on Monday, December 31st will be paid a dividend of $0.34 per share on Friday, January 25th. This represents a $1.36 annualized dividend and a yield of 12.31%. The ex-dividend date of this dividend 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 declared that its Board of Directors has authorized a share 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 purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its shares are undervalued.
How were Ellington Residential Mortgage REIT's earnings last quarter?
Ellington Residential Mortgage REIT (NYSE:EARN) released its quarterly earnings data on Monday, November, 5th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by $0.05. The real estate investment trust had revenue of $4.65 million for the quarter. Ellington Residential Mortgage REIT had a negative net margin of 1.77% and a positive return on equity of 10.35%. View Ellington Residential Mortgage REIT's Earnings History.
When is Ellington Residential Mortgage REIT's next earnings date?
Has Ellington Residential Mortgage REIT been receiving favorable news coverage?
News coverage about EARN stock has been trending somewhat positive recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Ellington Residential Mortgage REIT earned a daily sentiment score of 2.0 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of Ellington Residential Mortgage REIT's key competitors?
Some companies that are related to Ellington Residential Mortgage REIT include Whitestone REIT (WSR), Pennsylvania R.E.I.T. (PEI), AG Mortgage Investment Trust (MITT), One Liberty Properties (OLP), Ready Capital (RC), UMH PROPERTIES/SH SH (UMH), Western Asset Mortgage Capital (WMC), Ashford Hospitality Trust (AHT), Anworth Mortgage Asset Corp Reit (ANH), Corenergy Infrastructure Trust (CORR), CBL & Associates Properties (CBL), City Office REIT (CIO), Jernigan Capital (JCAP), Ares Commercial Real Estate (ACRE) and New Senior Investment Group (SNR).
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 56)
- Mr. Michael William Vranos, Co-Chief Investment Officer & Trustee (Age 56)
- Mr. Christopher M. Smernoff B.S., CPA, Chief Financial Officer (Age 41)
- Mr. JR Herlihy B.A., Chief Operating Officer (Age 36)
- Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 56)
Who are Ellington Residential Mortgage REIT's major shareholders?
Ellington Residential Mortgage REIT's stock is owned by many different of institutional and retail investors. Top institutional investors include Blackstone Group L.P. (23.84%), Renaissance Technologies LLC (6.90%), FMR LLC (4.17%), BlackRock Inc. (2.51%), Acadian Asset Management LLC (1.98%) and Gables Capital Management Inc. (1.11%). 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 major investors are selling Ellington Residential Mortgage REIT stock?
Which major investors are buying Ellington Residential Mortgage REIT stock?
EARN stock was purchased by a variety of institutional investors in the last quarter, including FMR LLC, Blackstone Group L.P., BlackRock Inc., Wedbush Securities Inc. and Renaissance Technologies LLC. 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 $11.05.
How big of a company is Ellington Residential Mortgage REIT?
Ellington Residential Mortgage REIT has a market capitalization of $142.24 million and generates $30.14 million in revenue each year. The real estate investment trust earns $10.78 million in net income (profit) each year or $1.80 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?
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)
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.
