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Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
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FDA change ushers in cheaper, easier-to-get hearing aids
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
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OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
S&P 500   4,071.70
DOW   34,429.88
QQQ   292.55
Get Rid of Your Siri Remote Once and for All This Year
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
Russia rejects $60-a-barrel cap on its oil, warns of cutoffs
No OPEC+ oil shakeup as Russian price cap stirs uncertainty
🚨 [Strong Buy Alert] Is this laser stock in your portfolio? (Ad)
FDA change ushers in cheaper, easier-to-get hearing aids
OPEC doesn't change its targets for oil production amid uncertainty over new Western price cap on Russian oil
Defy EOY Volatility with Artificial Intelligence (Ad)pixel
OPEC+ oil producers face uncertainty over Russian sanctions
Moldova signs new energy deal that could ease blackout risk
NYSE:EARN

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

$7.39
+0.19 (+2.64%)
(As of 12/2/2022 12:00 AM ET)
Add
Compare
Today's Range
$7.12
$7.39
50-Day Range
$5.81
$7.39
52-Week Range
$5.70
$11.38
Volume
88,516 shs
Average Volume
89,045 shs
Market Capitalization
$96.66 million
P/E Ratio
N/A
Dividend Yield
12.99%
Price Target
$8.83

Ellington Residential Mortgage REIT MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
19.5% Upside
$8.83 Price Target
Short Interest
Healthy
1.38% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Ellington Residential Mortgage REIT in the last 14 days
Based on 7 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.

2.25 out of 5 stars

Finance Sector

560th out of 891 stocks

Real Estate Investment Trusts Industry

121st out of 192 stocks

EARN stock logo

About Ellington Residential Mortgage REIT (NYSE:EARN) Stock

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 incorporated in 2012 and is based in Old Greenwich, Connecticut.

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EARN Stock News Headlines

Ellington Residential (EARN) Matches Q3 Earnings Estimates
11 REIT Dividend Stocks With Over 10% Yield
Ellington Carnival fun for families
Recent Obituaries From Ellington And Somers
See More Headlines
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EARN Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 11/25 Dividend
10/28/2022
Dividend Payable
11/25/2022
Ex-Dividend for 12/27 Dividend
11/29/2022
Today
12/04/2022
Dividend Payable
12/27/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/06/2023

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
+19.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 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
$1.82 per share
Book Value
$7.88 per share

Miscellaneous

Free Float
12,752,000
Market Cap
$96.66 million
Optionable
Not Optionable
Beta
1.72

Key Executives

  • Mr. Christopher M. Smernoff (Age 45)
    Chief Financial Officer
    Comp: $91.35k
  • Mr. J. R. Herlihy (Age 41)
    Chief Operating Officer
    Comp: $119.05k
  • Mr. Laurence Eric Penn (Age 60)
    CEO, Pres & Trustee
  • Mr. Michael William Vranos (Age 60)
    Co-Chief Investment Officer & Trustee
  • Mr. Mark Ira Tecotzky (Age 60)
    Co-Chief Investment Officer
  • Mr. Daniel Reuven Margolis (Age 49)
    Gen. Counsel
  • Mr. Jason Frank
    Deputy Gen. Counsel & Sec.
  • Mr. Vincent Ambrico
    Controller













EARN Stock - Frequently Asked Questions

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

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

What is Ellington Residential Mortgage REIT's stock price forecast for 2023?

2 Wall Street research analysts have issued 12-month price objectives for Ellington Residential Mortgage REIT's stock. Their EARN share price forecasts range from $7.50 to $11.00. On average, they expect the company's stock price to reach $8.83 in the next twelve months. This suggests a possible upside of 19.5% 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 2022?

Ellington Residential Mortgage REIT's stock was trading at $10.39 at the beginning of 2022. Since then, EARN shares have decreased by 28.9% and is now trading at $7.39.
View the best growth stocks for 2022 here
.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 180,300 shares, a decline of 29.7% from the October 31st total of 256,300 shares. Based on an average daily trading volume, of 87,000 shares, the short-interest ratio is currently 2.1 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) announced 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 negative net margin of 189.96% and a positive trailing twelve-month return on equity of 11.19%. During the same quarter in the previous year, the company posted $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 announced a monthly dividend on Monday, November 7th. Stockholders of record on Wednesday, November 30th will be given a dividend of $0.08 per share on Tuesday, December 27th. This represents a $0.96 dividend on an annualized basis and a yield of 12.99%. The ex-dividend date of this dividend is Tuesday, November 29th.
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 12.99%. 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 institutional and retail investors. Top institutional shareholders 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%).
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 $7.39.

How much money does Ellington Residential Mortgage REIT make?

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $96.66 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 12/4/2022 by MarketBeat.com Staff