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.
Industry, Sector and Symbol
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone203-698-1200
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$54.55 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date5/2/2019 (Estimated)
OptionableNot Optionable
Ellington Residential Mortgage REIT (NYSE:EARN) Frequently Asked Questions
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."
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 Tuesday, March 5th. Investors of record on Friday, March 29th will be paid a dividend of $0.34 per share on Thursday, April 25th. This represents a $1.36 annualized dividend and a dividend yield of 11.37%. The ex-dividend date is Thursday, March 28th. View Ellington Residential Mortgage REIT's Dividend History.
How will Ellington Residential Mortgage REIT's stock buyback program work?
Ellington Residential Mortgage REIT declared that its board has authorized a share repurchase plan on Friday, February 9th 2018, which allows the company to repurchase 1,200,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.
How were Ellington Residential Mortgage REIT's earnings last quarter?
Ellington Residential Mortgage REIT (NYSE:EARN) posted its quarterly earnings data on Monday, February, 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.32. The real estate investment trust earned $4.79 million during the quarter. Ellington Residential Mortgage REIT had a positive return on equity of 10.15% and a negative net margin of 51.26%. View Ellington Residential Mortgage REIT's Earnings History.
When is Ellington Residential Mortgage REIT's next earnings date?
Has Ellington Residential Mortgage REIT been receiving favorable news coverage?
News coverage about EARN stock has trended somewhat negative recently, according to InfoTrie Sentiment. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ellington Residential Mortgage REIT earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days.
Who are some of Ellington Residential Mortgage REIT's key competitors?
Some companies that are related to Ellington Residential Mortgage REIT include One Liberty Properties (OLP), AG Mortgage Investment Trust (MITT), istar (STAR), UMH PROPERTIES/SH SH (UMH), Western Asset Mortgage Capital (WMC), Ready Capital (RC), Whitestone REIT (WSR), Catchmark Timber Trust (CTT), Ashford Hospitality Trust (AHT), Corenergy Infrastructure Trust (CORR), Ares Commercial Real Estate (ACRE), Jernigan Capital (JCAP), Pennsylvania R.E.I.T. (PEI), City Office REIT (CIO) and New Senior Investment Group (SNR).
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 folowing 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)
Who are Ellington Residential Mortgage REIT's major shareholders?
Ellington Residential Mortgage REIT's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (2.43%), Acadian Asset Management LLC (1.82%), Gables Capital Management Inc. (1.03%), Thrivent Financial for Lutherans (0.64%), BB&T Securities LLC (0.56%) and Municipal Employees Retirement System of Michigan (0.49%). 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.
Which institutional investors are selling Ellington Residential Mortgage REIT stock?
Which institutional investors are buying Ellington Residential Mortgage REIT stock?
EARN stock was acquired by a variety of institutional investors in the last quarter, including Municipal Employees Retirement System of Michigan, Barclays PLC, D. E. Shaw & Co. Inc., SG Americas Securities LLC, GSA Capital Partners LLP, Advisor Group Inc., Thrivent Financial for Lutherans and Wedbush Securities Inc.. 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.
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, Scottrade, 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 $11.96.
How big of a company is Ellington Residential Mortgage REIT?
Ellington Residential Mortgage REIT has a market capitalization of $150.82 million and generates $54.55 million in revenue each year. The real estate investment trust earns $-11,300,000.00 in net income (profit) each year or $1.34 on an earnings per share basis.
What is Ellington Residential Mortgage REIT's official website?
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]
MarketBeat Community Rating for Ellington Residential Mortgage REIT (NYSE EARN)
MarketBeat's community ratings are surveys of what our community members think about Ellington Residential Mortgage REIT and other stocks. Vote "Outperform" if you believe EARN will outperform the S&P 500 over the long term. Vote "Underperform" if you believe EARN will underperform the S&P 500 over the long term. You may vote once every thirty days.
