NYSE:EARN - Ellington Residential Mortgage REIT Stock Price, News, & Analysis

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$11.06 +0.04 (+0.36 %)
(As of 12/14/2018 08:08 AM ET)
Previous Close$11.02
Today's Range$10.85 - $11.11
52-Week Range$10.23 - $13.07
Volume30,435 shs
Average Volume63,107 shs
Market Capitalization$138.96 million
P/E Ratio6.14
Dividend Yield13.43%
Beta0.55
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.

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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 Ratio6.14
Forward P/E Ratio8.32
P/E GrowthN/A

Sales & Book Value

Annual Sales$30.14 million
Price / Sales4.63
Cash Flow$2.5425 per share
Price / Cash Flow4.35
Book Value$14.45 per share
Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$1.80
Net Income$10.78 million
Net Margins-1.77%
Return on Equity10.35%
Return on Assets1.02%

Miscellaneous

Employees160
Outstanding Shares12,610,000
Market Cap$138.96 million
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. Investors of record on Monday, December 31st will be paid a dividend of $0.34 per share on Friday, January 25th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 12.30%. 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 declared that its Board of Directors has initiated a share buyback 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 buy shares of its stock through open market purchases. Shares repurchase plans 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) posted its earnings results on Monday, November, 5th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by $0.05. The real estate investment trust had revenue of $4.65 million for the quarter. Ellington Residential Mortgage REIT had a positive return on equity of 10.35% and a negative net margin of 1.77%. View Ellington Residential Mortgage REIT's Earnings History.

When is Ellington Residential Mortgage REIT's next earnings date?

Ellington Residential Mortgage REIT is scheduled to release their next quarterly earnings announcement on Thursday, February 14th 2019. View Earnings Estimates for Ellington Residential Mortgage REIT.

Has Ellington Residential Mortgage REIT been receiving favorable news coverage?

News coverage about EARN stock has trended somewhat positive on Friday, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a news impact score of 1.4 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the next few days.

Who are some of Ellington Residential Mortgage REIT's key competitors?

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)

Who are Ellington Residential Mortgage REIT's major shareholders?

Ellington Residential Mortgage REIT's stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Blackstone Group L.P. (23.84%), Renaissance Technologies LLC (6.90%), FMR LLC (4.17%), BlackRock Inc. (2.51%), Acadian Asset Management LLC (1.98%) and Gables Capital Management Inc. (1.11%). 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 major investors are selling Ellington Residential Mortgage REIT stock?

EARN stock was sold by a variety of institutional investors in the last quarter, including Acadian Asset Management LLC, Russell Investments Group Ltd., Mackenzie Financial Corp, JPMorgan Chase & Co. and Gables Capital Management Inc.. View Insider Buying and Selling for Ellington Residential Mortgage REIT.

Which major investors are buying Ellington Residential Mortgage REIT stock?

EARN stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Blackstone Group L.P., BlackRock Inc., Wedbush Securities Inc. and Renaissance Technologies LLC. 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 $11.06.

How big of a company is Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT has a market capitalization of $138.96 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?

The official website for Ellington Residential Mortgage REIT is http://www.earnreit.com.

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)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  141 (Vote Outperform)
Underperform Votes:  212 (Vote Underperform)
Total Votes:  353
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.
This page was last updated on 12/14/2018 by MarketBeat.com Staff

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