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

Ellington Residential Mortgage REIT's stock was trading at $9.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EARN stock has increased by 14.3% and is now trading at $11.09.
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Ellington Residential Mortgage REIT is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020.
View our earnings forecast for Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT (NYSE:EARN) posted its earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. The real estate investment trust had revenue of $3.78 million for 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.

Ellington Residential Mortgage REIT declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.28 per share on Monday, July 27th. This represents a $1.12 annualized dividend and a yield of 10.10%. The ex-dividend date of this dividend is Monday, June 29th.
View Ellington Residential Mortgage REIT's dividend history.

News stories about EARN stock have trended somewhat positive on Tuesday, according to InfoTrie. The research firm ranks the sentiment of media coverage by reviewing 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 positive five, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a coverage optimism score of 1.8 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
View the latest news about Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT saw a drop in short interest in the month of July. As of July 15th, there was short interest totaling 534,600 shares, a drop of 12.0% from the June 30th total of 607,500 shares. Based on an average trading volume of 131,200 shares, the days-to-cover ratio is presently 4.1 days. Approximately 6.1% of the company's stock are sold short.
View Ellington Residential Mortgage REIT's Current Options Chain.

Some companies that are related to Ellington Residential Mortgage REIT include Global Medical REIT (GMRE), Summit Hotel Properties (INN), Invesco Mortgage Capital (IVR), UMH PROPERTIES/SH SH (UMH), RPT Realty (RPT), Catchmark Timber Trust (CTT), Ready Capital (RC), City Office REIT (CIO), Jernigan Capital (JCAP), Urstadt Biddle Properties (UBA), Granite Point Mortgage Trust (GPMT), Dynex Capital (DX), Urstadt Biddle Properties (UBP), Gladstone Land (LAND) and One Liberty Properties (OLP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Residential Mortgage REIT investors own include Energy Transfer LP Unit (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Arlington Asset Investment (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and ANNALY CAP MGMT/SH (NLY).

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 a number of institutional and retail investors. Top institutional shareholders include Emerald Mutual Fund Advisers Trust (0.58%), Janney Montgomery Scott LLC (0.30%), Mackay Shields LLC (0.14%), First Trust Advisors LP (0.13%), Nisa Investment Advisors LLC (0.03%) and Baldwin Brothers Inc. MA (0.02%).
View institutional ownership trends for Ellington Residential Mortgage REIT.

EARN stock was acquired by a variety of institutional investors in the last quarter, including Emerald Mutual Fund Advisers Trust, Janney Montgomery Scott LLC, Mackay Shields LLC, Baldwin Brothers Inc. MA, Nisa Investment Advisors LLC, and First Trust Advisors LP.
View insider buying and selling activity 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, Robinhood, Fidelity, and Charles Schwab.

One share of EARN stock can currently be purchased for approximately $11.09.

Ellington Residential Mortgage REIT has a market capitalization of $136.63 million and generates $8.57 million in revenue each year.

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

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]