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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" EARN shares.
View EARN analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued 12-month price targets for Ellington Residential Mortgage REIT's shares. Their EARN share price forecasts range from $7.25 to $11.00. On average, they anticipate the company's stock price to reach $8.75 in the next year. This suggests a possible upside of 21.4% from the stock's current price.
View analysts price targets for EARN or view top-rated stocks among Wall Street analysts.

Ellington Residential Mortgage REIT's stock was trading at $10.39 at the start of the year. Since then, EARN stock has decreased by 30.6% and is now trading at $7.21.
View the best growth stocks for 2022 here.

Ellington Residential Mortgage REIT saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 180,300 shares, a decline of 29.7% from the October 31st total of 256,300 shares. Based on an average daily volume of 87,000 shares, the short-interest ratio is presently 2.1 days.
View Ellington Residential Mortgage REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, March 6th 2023.
View our EARN earnings forecast.

Ellington Residential Mortgage REIT (NYSE:EARN) posted its earnings results on Monday, May, 2nd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.01. Ellington Residential Mortgage REIT had a negative net margin of 189.96% and a positive trailing twelve-month return on equity of 11.19%. During the same period last year, the firm posted $0.31 EPS.

Ellington Residential Mortgage REIT announced a monthly dividend on Monday, November 7th. Investors of record on Wednesday, November 30th will be given a dividend of $0.08 per share on Tuesday, December 27th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 13.31%. The ex-dividend date of this dividend is Tuesday, November 29th.
Read our dividend analysis for EARN.

Ellington Residential Mortgage REIT (NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 13.20%. 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.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ellington Residential Mortgage REIT investors own include Energy Transfer (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), C3.ai (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and AGNC Investment (AGNC).

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

Ellington Residential Mortgage REIT's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (5.47%), Renaissance Technologies LLC (3.60%), Almitas Capital LLC (1.83%), BlackRock Inc. (1.71%), Two Sigma Advisers LP (0.64%) and Wolverine Asset Management LLC (0.42%).
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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.
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One share of EARN stock can currently be purchased for approximately $7.21.

Ellington Residential Mortgage REIT (NYSE:EARN) has a market capitalization of $94.30 million and generates $25.64 million in revenue each year. The real estate investment trust earns $-6,310,000.00 in net income (profit) each year or ($3.40) on an earnings per share basis.

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.