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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:EARN
Previous Symbol
CUSIPN/A
Phone203-698-1200
Debt
Debt-to-Equity RatioN/A
Current Ratio0.08
Quick Ratio0.08
Price-To-Earnings
Trailing P/E Ratio5.76
Forward P/E Ratio7.45
P/E GrowthN/A
Sales & Book Value
Annual Sales$30.14 million
Price / Sales4.36
Cash Flow$2.4785 per share
Price / Cash4.18
Book Value$14.45 per share
Price / Book0.72
Profitability
EPS (Most Recent Fiscal Year)$1.80
Net Income$10.78 million
Net Margins14.42%
Return on Equity9.27%
Return on Assets0.93%
Miscellaneous
Employees160
Outstanding Shares12,690,000
Market Cap$134.14 million
OptionableN/A
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 Thursday, September 13th. Shareholders of record on Friday, September 28th will be given a dividend of $0.37 per share on Thursday, October 25th. This represents a $1.48 annualized dividend and a yield of 14.29%. The ex-dividend date is Thursday, September 27th. 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 of Directors has authorized a stock buyback plan on Friday, February 9th 2018, which authorizes the company to buyback 1,200,000 shares, according to EventVestor. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock buyback plans are typically a sign 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) issued its earnings results on Thursday, August, 2nd. The real estate investment trust reported $0.36 EPS for the quarter, hitting the Thomson Reuters' consensus estimate of $0.36. The real estate investment trust earned $6.41 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 9.27% and a net margin of 14.42%. View Ellington Residential Mortgage REIT's Earnings History.
When is Ellington Residential Mortgage REIT's next earnings date?
Who are some of Ellington Residential Mortgage REIT's key competitors?
Some companies that are related to Ellington Residential Mortgage REIT include Community Healthcare Trust (CHCT), Whitestone REIT (WSR), American Hotel Income Properties REIT (AHOTF), Ready Capital (RC), One Liberty Properties (OLP), Spirit MTA REIT (SMTA), AG Mortgage Investment Trust (MITT), New Senior Investment Group (SNR), Catchmark Timber Trust (CTT), Corenergy Infrastructure Trust (CORR), Anworth Mortgage Asset Corp Reit (ANH), City Office REIT (CIO), Western Asset Mortgage Capital (WMC), Ares Commercial Real Estate (ACRE) and Jernigan Capital (JCAP).
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 56)
- Mr. Michael William Vranos, Co-Chief Investment Officer & Trustee (Age 56)
- Mr. Christopher M. Smernoff B.S., CPA, Chief Financial Officer (Age 41)
- Mr. JR Herlihy B.A., Chief Operating Officer (Age 36)
- Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 56)
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 $10.36.
How big of a company is Ellington Residential Mortgage REIT?
Ellington Residential Mortgage REIT has a market capitalization of $134.14 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.
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.
