NYSE:EARN - Ellington Residential Mortgage REIT Stock Price, Price Target & More

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$11.52 +0.09 (+0.79 %)
(As of 06/19/2018 06:00 AM ET)
Previous Close$11.52
Today's Range$11.40 - $11.57
52-Week Range$10.23 - $15.74
Volume104,523 shs
Average Volume95,357 shs
Market Capitalization$145.30 million
P/E Ratio6.40
Dividend Yield12.95%
Beta0.39
Ellington Residential Mortgage REIT logoEllington 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.

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Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
SymbolNYSE:EARN
CUSIPN/A
Phone203-698-1200

Debt

Debt-to-Equity RatioN/A
Current Ratio0.11
Quick Ratio0.11

Price-To-Earnings

Trailing P/E Ratio6.40
Forward P/E Ratio8.23
P/E GrowthN/A

Sales & Book Value

Annual Sales$30.14 million
Price / Sales4.86
Cash Flow$2.5487 per share
Price / Cash4.52
Book Value$14.45 per share
Price / Book0.80

Profitability

EPS (Most Recent Fiscal Year)$1.80
Net Income$10.78 million
Net Margins17.60%
Return on Equity10.93%
Return on Assets1.07%

Miscellaneous

Employees160
Outstanding Shares12,710,000

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 announced a quarterly dividend on Thursday, June 14th. Shareholders of record on Friday, June 29th will be given a dividend of $0.37 per share on Wednesday, July 25th. This represents a $1.48 annualized dividend and a yield of 12.85%. The ex-dividend date is Thursday, June 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 has initiated a share repurchase plan 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 reacquire shares of its stock through open market purchases. Shares buyback plans are often 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) posted its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.06. The real estate investment trust earned $6.18 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 10.93% and a net margin of 17.60%. View Ellington Residential Mortgage REIT's Earnings History.

When is Ellington Residential Mortgage REIT's next earnings date?

Ellington Residential Mortgage REIT is scheduled to release their next quarterly earnings announcement on Tuesday, August, 7th 2018. View Earnings Estimates for Ellington Residential Mortgage REIT.

What price target have analysts set for EARN?

1 analysts have issued 12-month price targets for Ellington Residential Mortgage REIT's stock. Their predictions range from $14.00 to $14.00. On average, they expect Ellington Residential Mortgage REIT's stock price to reach $14.00 in the next twelve months. View Analyst Ratings for Ellington Residential Mortgage REIT.

Who are some of Ellington Residential Mortgage REIT's key competitors?

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)

Has Ellington Residential Mortgage REIT been receiving favorable news coverage?

Media stories about EARN stock have trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a media sentiment score of 0.41 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 47.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

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 shareholders include Blackstone Group L.P. (21.83%), BlackRock Inc. (5.25%), JPMorgan Chase & Co. (2.30%), Gables Capital Management Inc. (1.21%), Northern Trust Corp (0.88%) and Thrivent Financial for Lutherans (0.79%). 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?

EARN stock was sold by a variety of institutional investors in the last quarter, including ClariVest Asset Management LLC, Ranger Global Real Estate Advisors LLC, JPMorgan Chase & Co., BlackRock Inc., Thrivent Financial for Lutherans, The Manufacturers Life Insurance Company and California Public Employees Retirement System. View Insider Buying and Selling for Ellington Residential Mortgage REIT.

Which major investors are buying Ellington Residential Mortgage REIT stock?

EARN stock was bought by a variety of institutional investors in the last quarter, including Gables Capital Management Inc., Blackstone Group L.P., LPL Financial LLC, BB&T Securities LLC and Northern Trust Corp. 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 $11.52.

How big of a company is Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT has a market capitalization of $145.30 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.

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 (EARN)

Community Ranking:  1.9 out of 5 (star)
Outperform Votes:  116 (Vote Outperform)
Underperform Votes:  182 (Vote Underperform)
Total Votes:  298
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.
This page was last updated on 6/19/2018 by MarketBeat.com Staff

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