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NYSE:EARN

Ellington Residential Mortgage REIT - EARN Stock Forecast, Price & News

$7.18
-0.01 (-0.14%)
(As of 03/28/2023 02:35 PM ET)
Add
Compare
Today's Range
$7.15
$7.22
50-Day Range
$6.96
$8.10
52-Week Range
$5.70
$10.37
Volume
108,797 shs
Average Volume
94,919 shs
Market Capitalization
$98.94 million
P/E Ratio
N/A
Dividend Yield
13.37%
Price Target
$7.75

Ellington Residential Mortgage REIT MarketRank™ Forecast

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
7.5% Upside
$7.75 Price Target
Short Interest
Healthy
1.12% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.29mentions of Ellington Residential Mortgage REIT in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
17.76%
From $1.07 to $1.26 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.78 out of 5 stars

Finance Sector

797th out of 891 stocks

Real Estate Investment Trusts Industry

169th out of 190 stocks


EARN stock logo

About Ellington Residential Mortgage REIT (NYSE:EARN) Stock

Ellington Residential Mortgage REIT is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio include non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded in August 2012 and is headquartered in Old Greenwich, CT.

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EARN Stock News Headlines

Biden's corruption knows no end
Porter Stansberry here -- I reveal the shocking changes this Obama policy will usher in… what it means for you, your family, and your finances… and how you can prepare for this new American era. Stream my new documentary at no cost today.pixel
Biden's corruption knows no end
Porter Stansberry here -- I reveal the shocking changes this Obama policy will usher in… what it means for you, your family, and your finances… and how you can prepare for this new American era. Stream my new documentary at no cost today.pixel
Ellington gets statement win over Canton
8-K: Ellington Residential Mortgage REIT
See More Headlines
Receive EARN Stock News and Ratings via Email

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EARN Company Calendar

Last Earnings
5/02/2022
Ex-Dividend for 3/27 Dividend
2/27/2023
Dividend Payable
3/27/2023
Today
3/28/2023
Ex-Dividend for 4/25 Dividend
3/30/2023
Dividend Payable
4/25/2023
Next Earnings (Estimated)
5/01/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Real estate investment trusts
Sub-Industry
N/A
Sector
Finance
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$7.75
High Stock Price Forecast
$8.00
Low Stock Price Forecast
$7.50
Forecasted Upside/Downside
+7.5%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$-30,200,000.00
Net Margins
-149.60%
Pretax Margin
-86.26%

Debt

Sales & Book Value

Annual Sales
$20.19 million
Cash Flow
$1.25 per share
Book Value
$8.59 per share

Miscellaneous

Free Float
13,436,000
Market Cap
$99.35 million
Optionable
Not Optionable
Beta
1.78

Key Executives

  • Laurence Eric Penn
    President, Chief Executive Officer & Trustee
  • J. R. Herlihy
    Chief Operating Officer & Treasurer
  • Christopher M. Smernoff
    Chief Financial Officer
  • Michael William Vranos
    Trustee & Co-Chief Investment Officer
  • Mark Ira Tecotzky
    Co-Chief Investment Officer













EARN Stock - Frequently Asked Questions

Should I buy or sell Ellington Residential Mortgage REIT stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" EARN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EARN, but not buy additional shares or sell existing shares.
View EARN analyst ratings
or view top-rated stocks.

What is Ellington Residential Mortgage REIT's stock price forecast for 2023?

3 Wall Street research analysts have issued 1-year target prices for Ellington Residential Mortgage REIT's shares. Their EARN share price forecasts range from $7.50 to $8.00. On average, they expect the company's stock price to reach $7.75 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
View analysts price targets for EARN
or view top-rated stocks among Wall Street analysts.

How have EARN shares performed in 2023?

Ellington Residential Mortgage REIT's stock was trading at $6.86 at the start of the year. Since then, EARN stock has increased by 5.1% and is now trading at $7.21.
View the best growth stocks for 2023 here
.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a increase in short interest during the month of February. As of February 28th, there was short interest totaling 160,700 shares, an increase of 36.9% from the February 13th total of 117,400 shares. Based on an average daily trading volume, of 88,500 shares, the days-to-cover ratio is presently 1.8 days.
View Ellington Residential Mortgage REIT's Short Interest
.

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

The company is scheduled to release its next quarterly earnings announcement on Monday, May 1st 2023.
View our EARN earnings forecast
.

How were Ellington Residential Mortgage REIT's earnings last quarter?

Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings data on Monday, May, 2nd. The real estate investment trust reported $0.30 EPS for the quarter, missing the consensus estimate of $0.31 by $0.01. Ellington Residential Mortgage REIT had a positive trailing twelve-month return on equity of 11.84% and a negative net margin of 149.60%. During the same period in the previous year, the firm posted $0.31 earnings per share.

How often does Ellington Residential Mortgage REIT pay dividends? What is the dividend yield for Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT announced a monthly dividend on Tuesday, March 7th. Shareholders of record on Friday, March 31st will be given a dividend of $0.08 per share on Tuesday, April 25th. This represents a $0.96 annualized dividend and a yield of 13.31%. The ex-dividend date of this dividend is Thursday, March 30th.
Read our dividend analysis for EARN
.

Is Ellington Residential Mortgage REIT a good dividend stock?

Ellington Residential Mortgage REIT (NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 13.52%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for EARN.

What other stocks do shareholders of Ellington Residential Mortgage REIT own?
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."

Who are Ellington Residential Mortgage REIT's major shareholders?

Ellington Residential Mortgage REIT's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Renaissance Technologies LLC (3.31%), Geode Capital Management LLC (1.20%), Almitas Capital LLC (0.99%), Gables Capital Management Inc. (0.76%), Thrivent Financial for Lutherans (0.61%) and Wolverine Asset Management LLC (0.57%).
View institutional ownership trends
.

How do I buy shares of Ellington Residential Mortgage REIT?

Shares of EARN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Ellington Residential Mortgage REIT's stock price today?

One share of EARN stock can currently be purchased for approximately $7.21.

How much money does Ellington Residential Mortgage REIT make?

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $99.35 million and generates $20.19 million in revenue each year. The real estate investment trust earns $-30,200,000.00 in net income (profit) each year or ($2.31) on an earnings per share basis.

How can I contact Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT's mailing address is 53 Forest Avenue, Old Greenwich CT, 06870. The official website for the company is www.earnreit.com. The real estate investment trust can be reached via phone at (203) 698-1200 or via email at info@earnreit.com.

This page (NYSE:EARN) was last updated on 3/28/2023 by MarketBeat.com Staff