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
Employees160
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 Wednesday, December 12th. Stockholders of record on Monday, December 31st will be given a dividend of $0.34 per share on Friday, January 25th. This represents a $1.36 annualized dividend and a dividend yield of 11.99%. The ex-dividend date of this dividend is Friday, December 28th. View Ellington Residential Mortgage REIT's Dividend History.
How will Ellington Residential Mortgage REIT's stock buyback program work?
Ellington Residential Mortgage REIT announced that its board has initiated a share repurchase program on Friday, February 9th 2018, which authorizes the company to repurchase 1,200,000 shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's leadership believes its stock is undervalued.
How were Ellington Residential Mortgage REIT's earnings last quarter?
Ellington Residential Mortgage REIT (NYSE:EARN) released its quarterly earnings data on Monday, February, 11th. The real estate investment trust reported $0.32 earnings per share for the quarter, hitting the consensus estimate of $0.32. The real estate investment trust had revenue of $4.79 million for the quarter. Ellington Residential Mortgage REIT had a negative net margin of 51.26% and a positive return on equity of 9.85%. 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 been trending somewhat positive this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a news sentiment score of 1.7 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the immediate future.
Who are some of Ellington Residential Mortgage REIT's key competitors?
Some companies that are related to Ellington Residential Mortgage REIT include Ashford Hospitality Trust (AHT), One Liberty Properties (OLP), Ready Capital (RC), UMH PROPERTIES/SH SH (UMH), AG Mortgage Investment Trust (MITT), City Office REIT (CIO), Western Asset Mortgage Capital (WMC), Pennsylvania R.E.I.T. (PEI), New Senior Investment Group (SNR), Catchmark Timber Trust (CTT), Corenergy Infrastructure Trust (CORR), Anworth Mortgage Asset Corp Reit (ANH), Jernigan Capital (JCAP), Ares Commercial Real Estate (ACRE) and CBL & Associates Properties (CBL).
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 variety of of retail and institutional investors. Top institutional investors 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 bought 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 $11.34.
How big of a company is Ellington Residential Mortgage REIT?
Ellington Residential Mortgage REIT has a market capitalization of $143.00 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. Ellington Residential Mortgage REIT employs 160 workers across the globe.
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.
