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

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 Tuesday, December 17th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.28 per share on Monday, January 27th. This represents a $1.12 annualized dividend and a yield of 10.27%. The ex-dividend date is Monday, December 30th. View Ellington Residential Mortgage REIT's Dividend History.

Ellington Residential Mortgage REIT declared that its board has approved a share buyback program on Friday, February 9th 2018, which permits the company to buyback 1,200,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company's leadership believes its stock is undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) released its quarterly earnings results on Monday, November, 4th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.23 by $0.04. The real estate investment trust had revenue of $1.67 million for the quarter. Ellington Residential Mortgage REIT had a net margin of 20.65% and a return on equity of 8.03%. View Ellington Residential Mortgage REIT's Earnings History.

Ellington Residential Mortgage REIT is scheduled to release their next quarterly earnings announcement on Monday, February 10th 2020. View Earnings Estimates for Ellington Residential Mortgage REIT.

1 brokerages have issued 1-year price objectives for Ellington Residential Mortgage REIT's stock. Their forecasts range from $12.50 to $12.50. On average, they anticipate Ellington Residential Mortgage REIT's stock price to reach $12.50 in the next year. This suggests a possible upside of 14.6% from the stock's current price. View Analyst Price Targets 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 buy rating for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Ellington Residential Mortgage REIT.

News coverage about EARN stock has been trending very negative this week, according to InfoTrie. The research firm identifies negative and positive news coverage by analyzing 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 nearest to five being the most favorable. Ellington Residential Mortgage REIT earned a news impact score of -3.7 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the stock's share price in the next few days. View News Stories for Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT saw a increase in short interest during the month of December. As of December 31st, there was short interest totalling 299,700 shares, an increase of 19.8% from the December 15th total of 250,200 shares. Based on an average daily trading volume, of 29,100 shares, the short-interest ratio is currently 10.3 days. Currently, 3.3% of the shares of the company are short sold. View Ellington Residential Mortgage REIT's Current Options Chain.

Some companies that are related to Ellington Residential Mortgage REIT include Hersha Hospitality Trust (HT), Catchmark Timber Trust (CTT), AG Mortgage Investment Trust (MITT), Ares Commercial Real Estate (ACRE), Jernigan Capital (JCAP), Dynex Capital (DX), Orchid Island Capital (ORC), LSL Property Services (LSLPF), Exantas Capital (XAN), Pennsylvania R.E.I.T. (PEI), Anworth Mortgage Asset Corp Reit (ANH), Great Ajax (AJX), BRT Apartments (BRT), Transcontinental Realty Investors (TCI) and Braemar Hotels & Resorts (BHR).

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

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, Robinhood, Fidelity and Charles Schwab.

One share of EARN stock can currently be purchased for approximately $10.91.

Ellington Residential Mortgage REIT has a market capitalization of $135.83 million and generates $54.55 million in revenue each year. View Additional Information About Ellington Residential Mortgage REIT.

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

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]