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

Ellington Residential Mortgage REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "EARN."

Ellington Residential Mortgage REIT announced a quarterly dividend on Thursday, June 14th. Shareholders 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 yield of 12.85%. The ex-dividend date is Thursday, June 28th. View Ellington Residential Mortgage REIT's Dividend History.

Ellington Residential Mortgage REIT declared 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. Shares buyback plans are often a sign that the company's management believes its shares are undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) posted its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.40 by $0.06. The real estate investment trust earned $6.18 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 10.93% and a net margin of 17.60%. View Ellington Residential Mortgage REIT's Earnings History.

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.

1 analysts have issued 12-month price targets for Ellington Residential Mortgage REIT's stock. Their predictions range from $14.00 to $14.00. On average, they expect Ellington Residential Mortgage REIT's stock price to reach $14.00 in the next twelve months. View Analyst Ratings for Ellington Residential Mortgage REIT.

Some companies that are related to Ellington Residential Mortgage REIT include Preferred Apartment Communities (APTS), NexPoint Residential Trust (NXRT), UMH PROPERTIES/SH SH (UMH), AG Mortgage Investment Trust (MITT), Sutherland Asset Management (SLD), Community Healthcare Trust (CHCT), American Hotel Income Properties REIT (AHOTF), ANWORTH MORTGAGE ASSET CORP REIT Common Stock (ANH), One Liberty Properties (OLP), Whitestone REIT (WSR), Drive Shack (DS), Western Asset Mortgage Capital (WMC), City Office REIT (CIO), Tortoise Capital Resources (CORR) and Ares Commercial Real Estate (ACRE).

Media stories about EARN stock have trended positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a media sentiment score of 0.41 on Accern's scale. They also gave news headlines about the real estate investment trust an impact score of 47.43 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near future.

Ellington Residential Mortgage REIT's stock is owned by many different of institutional and retail investors. Top institutional shareholders include Blackstone Group L.P. (21.83%), BlackRock Inc. (5.25%), JPMorgan Chase & Co. (2.30%), Gables Capital Management Inc. (1.21%), Northern Trust Corp (0.88%) and Thrivent Financial for Lutherans (0.79%). 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.

EARN stock was sold by a variety of institutional investors in the last quarter, including ClariVest Asset Management LLC, Ranger Global Real Estate Advisors LLC, JPMorgan Chase & Co., BlackRock Inc., Thrivent Financial for Lutherans, The Manufacturers Life Insurance Company and California Public Employees Retirement System. View Insider Buying and Selling for Ellington Residential Mortgage REIT.

EARN stock was bought by a variety of institutional investors in the last quarter, including Gables Capital Management Inc., Blackstone Group L.P., LPL Financial LLC, BB&T Securities LLC and Northern Trust Corp. 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.

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.

One share of EARN stock can currently be purchased for approximately $11.52.

Ellington Residential Mortgage REIT has a market capitalization of $145.30 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.

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]