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 declared a quarterly dividend on Thursday, June 14th. Investors 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 13.48%. The ex-dividend date is Thursday, June 28th. View Ellington Residential Mortgage REIT's Dividend History.

Ellington Residential Mortgage REIT announced that its Board of Directors has approved a share repurchase program on Friday, February 9th 2018, which permits the company to buyback 1,200,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company's leadership believes its shares are 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 the Zacks' consensus estimate of $0.40 by $0.06. The real estate investment trust had revenue of $6.18 million for 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 brokerages have issued 12 month price targets for Ellington Residential Mortgage REIT's stock. Their predictions range from $14.00 to $14.00. On average, they anticipate Ellington Residential Mortgage REIT's share price to reach $14.00 in the next year. This suggests a possible upside of 27.5% from the stock's current price. View Analyst Ratings for Ellington Residential Mortgage REIT.

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 1 hold rating for the stock, resulting in a consensus recommendation of "Hold."

Ellington Residential Mortgage REIT saw a decline in short interest during the month of June. As of June 29th, there was short interest totalling 1,047,099 shares, a decline of 40.2% from the June 15th total of 1,751,975 shares. Based on an average trading volume of 225,780 shares, the days-to-cover ratio is presently 4.6 days. Approximately 10.9% of the company's shares are sold short. View Ellington Residential Mortgage REIT's Current Options Chain.

Some companies that are related to Ellington Residential Mortgage REIT include AG Mortgage Investment Trust (MITT), Community Healthcare Trust (CHCT), Sutherland Asset Management (SLD), One Liberty Properties (OLP), Whitestone REIT (WSR), American Hotel Income Properties REIT (AHOTF), ANWORTH MORTGAGE ASSET CORP REIT Common Stock (ANH), Drive Shack (DS), Spirit MTA REIT (SMTA), City Office REIT (CIO), Corenergy Infrastructure Trust (CORR), Western Asset Mortgage Capital (WMC), Orchid Island Capital (ORC), Cedar Realty Trust (CDR) and Ares Commercial Real Estate (ACRE).

News headlines about EARN stock have been trending somewhat positive this week, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a coverage optimism score of 0.11 on Accern's scale. They also gave media stories about the real estate investment trust an impact score of 48.55 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the immediate future.

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 $10.98.

Ellington Residential Mortgage REIT has a market capitalization of $140.09 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]