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

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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.
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3 Wall Street research analysts have issued 1-year target prices for Ellington Residential Mortgage REIT's shares. Their EARN share price forecasts range from $7.50 to $8.00. On average, they expect the company's stock price to reach $7.75 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
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Ellington Residential Mortgage REIT's stock was trading at $6.86 at the start of the year. Since then, EARN stock has increased by 5.1% and is now trading at $7.21.
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Ellington Residential Mortgage REIT saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 160,700 shares, an increase of 36.9% from the February 13th total of 117,400 shares. Based on an average daily trading volume, of 88,500 shares, the days-to-cover ratio is presently 1.8 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our EARN earnings forecast.

Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings data on Monday, May, 2nd. The real estate investment trust reported $0.30 EPS 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 11.84% and a negative net margin of 149.60%. During the same period in the previous year, the firm posted $0.31 earnings per share.

Ellington Residential Mortgage REIT announced a monthly dividend on Tuesday, March 7th. Shareholders of record on Friday, March 31st will be given a dividend of $0.08 per share on Tuesday, April 25th. This represents a $0.96 annualized dividend and a yield of 13.31%. The ex-dividend date of this dividend is Thursday, March 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 13.52%. 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 a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (3.31%), Geode Capital Management LLC (1.20%), Almitas Capital LLC (0.99%), Gables Capital Management Inc. (0.76%), Thrivent Financial for Lutherans (0.61%) and Wolverine Asset Management LLC (0.57%).
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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 $7.21.

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $99.35 million and generates $20.19 million in revenue each year. The real estate investment trust earns $-30,200,000.00 in net income (profit) each year or ($2.31) 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.