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NYSE:EARNEllington Residential Mortgage REIT Stock Price, Forecast & News

$10.03
+0.41 (+4.26 %)
(As of 06/3/2020 02:49 PM ET)
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Compare
Today's Range
$9.79
Now: $10.03
$10.03
50-Day Range
$7.62
MA: $8.84
$9.73
52-Week Range
$2.70
Now: $10.03
$11.88
Volume3,711 shs
Average Volume102,896 shs
Market Capitalization$123.57 million
P/E RatioN/A
Dividend Yield11.53%
Beta1.88
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.
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Ellington Residential Mortgage REIT logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.16 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.57 million
Cash Flow$2.18 per share
Book Value$12.92 per share

Profitability

Net Income$22.26 million

Miscellaneous

EmployeesN/A
Market Cap$123.57 million
Next Earnings Date8/6/2020 (Estimated)
OptionableNot Optionable

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Ellington Residential Mortgage REIT (NYSE:EARN) Frequently Asked Questions

How has Ellington Residential Mortgage REIT's stock been impacted by COVID-19 (Coronavirus)?

Ellington Residential Mortgage REIT's stock was trading at $9.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EARN stock has increased by 3.4% and is now trading at $10.03. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Ellington Residential Mortgage REIT?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 1 buy rating for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Ellington Residential Mortgage REIT.

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

Ellington Residential Mortgage REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Ellington Residential Mortgage REIT.

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

Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.02. The real estate investment trust earned $3.78 million during the quarter. Ellington Residential Mortgage REIT had a positive return on equity of 7.44% and a negative net margin of 36.77%. View Ellington Residential Mortgage REIT's earnings history.

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, March 4th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.28 per share on Monday, April 27th. This represents a $1.12 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Monday, March 30th. View Ellington Residential Mortgage REIT's dividend history.

What price target have analysts set for EARN?

1 analysts have issued 1-year target prices for Ellington Residential Mortgage REIT's shares. Their forecasts range from $12.50 to $12.50. On average, they expect Ellington Residential Mortgage REIT's share price to reach $12.50 in the next twelve months. This suggests a possible upside of 24.6% from the stock's current price. View analysts' price targets for Ellington Residential Mortgage REIT.

Has Ellington Residential Mortgage REIT been receiving favorable news coverage?

Media coverage about EARN stock has trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ellington Residential Mortgage REIT earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutEllington Residential Mortgage REIT.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 209,000 shares, a decrease of 7.7% from the April 30th total of 226,500 shares. Based on an average daily volume of 93,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.3% of the company's shares are sold short. View Ellington Residential Mortgage REIT's Current Options Chain.

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

What other stocks do shareholders of Ellington Residential Mortgage REIT own?

Who are Ellington Residential Mortgage REIT's key executives?

Ellington Residential Mortgage REIT's management team includes the following people:
  • Mr. Laurence Eric Penn, Pres, CEO & Trustee (Age 57)
  • Mr. Michael William Vranos, Co-Chief Investment Officer & Trustee (Age 57)
  • Mr. Christopher M. Smernoff B.S., CPA, Chief Financial Officer (Age 42)
  • Mr. JR Herlihy B.A., Chief Operating Officer (Age 38)
  • Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 57)

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 a variety of institutional and retail investors. Top institutional shareholders include Almitas Capital LLC (4.47%), BlackRock Inc. (2.07%), Wolverine Asset Management LLC (1.60%), Acadian Asset Management LLC (1.19%), Thrivent Financial for Lutherans (0.65%) and WINTON GROUP Ltd (0.31%). 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 State of Michigan Retirement System, State Street Corp, BlackRock Inc., Invesco Ltd., First Trust Advisors LP, and Thrivent Financial for Lutherans. View insider buying and selling activity for Ellington Residential Mortgage REIT.

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 Almitas Capital LLC, Wolverine Asset Management LLC, Acadian Asset Management LLC, Two Sigma Advisers LP, WINTON GROUP Ltd, Russell Investments Group Ltd., Two Sigma Investments LP, and Wells Fargo & Company MN. View insider buying and selling activity 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, Robinhood, 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 $10.03.

How big of a company is Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT has a market capitalization of $123.57 million and generates $8.57 million in revenue each year.

What is Ellington Residential Mortgage REIT's official website?

The official website for Ellington Residential Mortgage REIT is www.earnreit.com.

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]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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