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

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" EARN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EARN, but not buy additional shares or sell existing shares.
View EARN analyst ratings or view top-rated stocks.

3 analysts have issued 1-year price targets for Ellington Residential Mortgage REIT's shares. Their EARN share price forecasts range from $7.50 to $11.00. On average, they predict the company's share price to reach $8.83 in the next twelve months. This suggests a possible upside of 10.4% from the stock's current price.
View analysts price targets for EARN or view top-rated stocks among Wall Street analysts.

Ellington Residential Mortgage REIT's stock was trading at $6.86 at the start of the year. Since then, EARN stock has increased by 16.6% and is now trading at $8.00.
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Ellington Residential Mortgage REIT saw a drop in short interest in January. As of January 15th, there was short interest totaling 137,300 shares, a drop of 9.1% from the December 31st total of 151,000 shares. Based on an average daily trading volume, of 88,200 shares, the short-interest ratio is currently 1.6 days.
View Ellington Residential Mortgage REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
View our EARN earnings forecast.

Ellington Residential Mortgage REIT (NYSE:EARN) posted 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 positive trailing twelve-month return on equity of 11.19% and a negative net margin of 189.96%. During the same period in the previous year, the company earned $0.31 earnings per share.

Ellington Residential Mortgage REIT declared a monthly dividend on Monday, January 9th. Investors of record on Tuesday, January 31st will be paid a dividend of $0.08 per share on Monday, February 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 12.00%. The ex-dividend date is Monday, January 30th.
Read our dividend analysis for EARN.

Ellington Residential Mortgage REIT (NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 12.26%. 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Residential Mortgage REIT investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), C3.ai (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and AGNC Investment (AGNC).

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

Ellington Residential Mortgage REIT's stock is owned by many different retail and institutional investors. Top institutional shareholders include Wolverine Asset Management LLC (0.57%), Claybrook Capital LLC (0.31%), BDO Wealth Advisors LLC (0.22%) and Concourse Financial Group Securities Inc. (0.00%).
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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.
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One share of EARN stock can currently be purchased for approximately $8.00.

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $104.64 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.

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.