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

Ellington Residential Mortgage REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "EARN."

Ellington Residential Mortgage REIT announced a quarterly dividend on Thursday, June 14th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.37 per share on Wednesday, July 25th. This represents a $1.48 dividend on an annualized basis and a yield of 12.79%. The ex-dividend date of this dividend is Thursday, June 28th. View Ellington Residential Mortgage REIT's Dividend History.

Ellington Residential Mortgage REIT declared that its board has authorized a stock buyback plan on Friday, February 9th 2018, which authorizes the company to buyback 1,200,000 outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its stock is undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings results on Thursday, May, 3rd. The real estate investment trust reported $0.34 earnings per share 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.

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.

1 brokers have issued twelve-month target prices 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 year. View Analyst Ratings for Ellington Residential Mortgage REIT.

Some companies that are related to Ellington Residential Mortgage REIT include NexPoint Residential Trust (NXRT), AG Mortgage Investment Trust (MITT), UMH PROPERTIES/SH SH (UMH), Drive Shack (DS), Community Healthcare Trust (CHCT), Sutherland Asset Management (SLD), One Liberty Properties (OLP), ANWORTH MORTGAGE ASSET CORP REIT Common Stock (ANH), American Hotel Income Properties REIT (AHOTF), Whitestone REIT (WSR), City Office REIT (CIO), Western Asset Mortgage Capital (WMC), Tortoise Capital Resources (CORR), Ares Commercial Real Estate (ACRE) and Orchid Island Capital (ORC).

Press coverage about EARN stock has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ellington Residential Mortgage REIT earned a news sentiment score of 0.20 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 45.42 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the near future.

Ellington Residential Mortgage REIT's stock is owned by a variety of of retail and institutional investors. Top institutional investors 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.

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.

EARN stock was purchased 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.

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.

One share of EARN stock can currently be purchased for approximately $11.57.

Ellington Residential Mortgage REIT has a market capitalization of $148.73 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.

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]