Ellington Residential Mortgage REIT Stock Price, News & Analysis (NYSE:EARN)

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

Ellington Residential Mortgage REIT declared a quarterly dividend on Wednesday, September 11th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.28 per share on Friday, October 25th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.23%. The ex-dividend date of this dividend is Friday, September 27th. View Ellington Residential Mortgage REIT's Dividend History.

Ellington Residential Mortgage REIT declared that its Board of Directors has approved a share repurchase plan on Friday, February 9th 2018, which allows the company to buyback 1,200,000 outstanding shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) announced its earnings results on Thursday, August, 1st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.26 by $0.04. The real estate investment trust had revenue of $2.48 million for the quarter. Ellington Residential Mortgage REIT had a positive return on equity of 8.89% and a negative net margin of 2.05%. View Ellington Residential Mortgage REIT's Earnings History.

Ellington Residential Mortgage REIT is scheduled to release their next quarterly earnings announcement on Monday, November 4th 2019. View Earnings Estimates for Ellington Residential Mortgage REIT.

1 brokerages have issued twelve-month price targets for Ellington Residential Mortgage REIT's stock. Their forecasts range from $12.50 to $12.50. On average, they expect Ellington Residential Mortgage REIT's share price to reach $12.50 in the next year. This suggests a possible upside of 14.2% 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 headlines about EARN stock have trended somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Ellington Residential Mortgage REIT earned a daily sentiment score of -1.3 on InfoTrie's scale. They also assigned headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT saw a drop in short interest in the month of August. As of August 31st, there was short interest totalling 437,700 shares, a drop of 12.8% from the July 31st total of 502,000 shares. Based on an average daily trading volume, of 49,200 shares, the days-to-cover ratio is presently 8.9 days. Currently, 4.8% of the company's stock are short sold. View Ellington Residential Mortgage REIT's Current Options Chain.

Some companies that are related to Ellington Residential Mortgage REIT include Whitestone REIT (WSR), New Senior Investment Group (SNR), Western Asset Mortgage Capital (WMC), Catchmark Timber Trust (CTT), AG Mortgage Investment Trust (MITT), Ares Commercial Real Estate (ACRE), Jernigan Capital (JCAP), Pennsylvania R.E.I.T. (PEI), Global Medical REIT (GMRE), Dynex Capital (DX), Exantas Capital (XAN), Spirit MTA REIT (SMTA), MedEquities Realty Trust (MRT), Anworth Mortgage Asset Corp Reit (ANH) and Ashford Hospitality Trust (AHT).

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), SandRidge Permian Trust (PER), Martin Midstream Partners (MMLP), Navios Maritime Midstream Partners (NAP), Arlington Asset Investment (AI) and AGNC Investment (AGNC).

Ellington Residential Mortgage REIT's stock is owned by many different of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (7.62%), Vanguard Group Inc. (5.85%), BlackRock Inc. (2.09%), Gables Capital Management Inc. (0.97%), Acadian Asset Management LLC (0.75%) and Invesco Ltd. (0.64%). 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 BlackRock Inc., Acadian Asset Management LLC, Parametric Portfolio Associates LLC, Morgan Stanley, Gables Capital Management Inc., SG Americas Securities LLC, BB&T Securities LLC and Renaissance Technologies LLC. View Insider Buying and Selling for Ellington Residential Mortgage REIT.

EARN stock was purchased by a variety of institutional investors in the last quarter, including Susquehanna International Group LLP, WINTON GROUP Ltd, Vanguard Group Inc., Wedbush Securities Inc. and Invesco Ltd.. 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, Robinhood, Fidelity and Charles Schwab.

One share of EARN stock can currently be purchased for approximately $10.95.

Ellington Residential Mortgage REIT has a market capitalization of $138.08 million and generates $54.55 million in revenue each year. The real estate investment trust earns $-11,300,000.00 in net income (profit) each year or $1.34 on an earnings per share basis. 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]