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 dividend on an annualized basis and a yield of 12.79%. The ex-dividend date of this dividend is Thursday, June 28th. View Ellington Residential Mortgage REIT's Dividend History.

Ellington Residential Mortgage REIT declared that its board has approved a stock buyback program on Friday, February 9th 2018, which allows the company to buyback 1,200,000 shares, according to EventVestor. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company's board of directors believes its shares are undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) issued its quarterly earnings data on Thursday, May, 3rd. The real estate investment trust reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.40 by $0.06. The real estate investment trust earned $6.18 million during 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.

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 equities research analysts have issued 12-month target prices for Ellington Residential Mortgage REIT's stock. Their predictions range from $14.00 to $14.00. On average, they anticipate Ellington Residential Mortgage REIT's share 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 NexPoint Residential Trust (NXRT), AG Mortgage Investment Trust (MITT), UMH PROPERTIES/SH SH (UMH), Drive Shack (DS), Community Healthcare Trust (CHCT), Sutherland Asset Management (SLD), ANWORTH MORTGAGE ASSET CORP REIT Common Stock (ANH), One Liberty Properties (OLP), American Hotel Income Properties REIT (AHOTF), Whitestone REIT (WSR), Western Asset Mortgage Capital (WMC), Tortoise Capital Resources (CORR), City Office REIT (CIO), Ares Commercial Real Estate (ACRE) and Orchid Island Capital (ORC).

Media stories about EARN stock have trended somewhat positive on Friday, Accern reports. Accern identifies negative and positive news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a news sentiment score of 0.14 on Accern's scale. They also gave press coverage about the real estate investment trust an impact score of 45.71 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

Ellington Residential Mortgage REIT's stock is owned by many different of retail and institutional 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 acquired 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 $11.57.

Ellington Residential Mortgage REIT has a market capitalization of $147.97 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]