NYSE:EARN - Ellington Residential Mortgage REIT Stock Price, Price Target & More

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$11.08 +0.03 (+0.27 %)
(As of 07/23/2018 07:55 AM ET)
Previous Close$11.05
Today's Range$10.9560 - $11.09
52-Week Range$10.23 - $14.97
Volume42,181 shs
Average Volume94,416 shs
Market Capitalization$140.85 million
P/E Ratio6.16
Dividend Yield13.36%
Beta0.36
Ellington Residential Mortgage REIT logoEllington 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
SymbolNYSE:EARN
CUSIPN/A
Phone203-698-1200

Debt

Debt-to-Equity RatioN/A
Current Ratio0.11
Quick Ratio0.11

Price-To-Earnings

Trailing P/E Ratio6.16
Forward P/E Ratio7.91
P/E GrowthN/A

Sales & Book Value

Annual Sales$30.14 million
Price / Sales4.67
Cash Flow$2.5297 per share
Price / Cash4.38
Book Value$14.45 per share
Price / Book0.77

Profitability

EPS (Most Recent Fiscal Year)$1.80
Net Income$10.78 million
Net Margins17.60%
Return on Equity10.93%
Return on Assets1.07%

Miscellaneous

Employees160
Outstanding Shares12,710,000
Market Cap$140.85

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 announced a quarterly dividend on Thursday, June 14th. Stockholders of record on Friday, June 29th will be given a dividend of $0.37 per share on Wednesday, July 25th. This represents a $1.48 annualized dividend and a dividend yield of 13.36%. The ex-dividend date is Thursday, June 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 plan on Friday, February 9th 2018, which permits the company to buyback 1,200,000 shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback plans are often 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, 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 net margin of 17.60% and a return on equity of 10.93%. 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 Tuesday, August, 7th 2018. View Earnings Estimates for Ellington Residential Mortgage REIT.

What price target have analysts set for EARN?

1 Wall Street analysts have issued 12-month price targets for Ellington Residential Mortgage REIT's stock. Their forecasts range from $14.00 to $14.00. On average, they expect Ellington Residential Mortgage REIT's share price to reach $14.00 in the next twelve months. This suggests a possible upside of 26.4% from the stock's current price. View Analyst Ratings for Ellington Residential Mortgage REIT.

What is the consensus analysts' recommendation 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."

Are investors shorting Ellington Residential Mortgage REIT?

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

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)

Has Ellington Residential Mortgage REIT been receiving favorable news coverage?

News coverage about EARN stock has been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a news impact score of 0.24 on Accern's scale. They also assigned media coverage about the real estate investment trust an impact score of 46.73 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

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 $11.08.

How big of a company is Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT has a market capitalization of $140.85 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.

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:  122 (Vote Outperform)
Underperform Votes:  186 (Vote Underperform)
Total Votes:  308
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 7/23/2018 by MarketBeat.com Staff

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