NYSE:EARNEllington Residential Mortgage REIT Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Ellington Residential Mortgage REIT Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $10.03 +0.41 (+4.26 %) (As of 06/3/2020 02:49 PM ET) Add Compare Share Today's Range$9.79Now: $10.03▼$10.0350-Day Range$7.62MA: $8.84▼$9.7352-Week Range$2.70Now: $10.03▼$11.88Volume3,711 shsAverage Volume102,896 shsMarket Capitalization$123.57 millionP/E RatioN/ADividend Yield11.53%Beta1.88 ProfileAnalyst RatingsAdvanced ChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsSocial Media Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ellington Residential Mortgage REIT was founded in 2012 and is based in Old Greenwich, Connecticut.Read More Beat the Market (BTM) Rank™ 2.5 Analyst's Opinion Consensus RatingEllington Residential Mortgage REIT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $12.50, Ellington Residential Mortgage REIT has a potential upside of 24.6% from its current price of $10.03.Amount of Analyst CoverageEllington Residential Mortgage REIT has received no research coverage in the past 90 days. Previous Next 2.0 Community Rank Outperform VotesEllington Residential Mortgage REIT has received 165 “outperform” votes. (Add your “outperform” vote.)Underperform VotesEllington Residential Mortgage REIT has received 250 “underperform” votes. (Add your “underperform” vote.)Community SentimentEllington Residential Mortgage REIT has received 60.24% “underperform” votes from our community.MarketBeat's community ratings are surveys of what our community members think about Ellington Residential Mortgage REIT and other stocks. Vote “Outperform” if you believe EARN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe EARN will underperform the S&P 500 over the long term. You may vote once every thirty days. Previous Next 1.7 Dividend Strength Dividend LeadershipEllington Residential Mortgage REIT is a leading dividend payer. It pays a dividend yield of 11.53%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthEllington Residential Mortgage REIT does not have a long track record of dividend growth. Previous Next 4.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Ellington Residential Mortgage REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought $1,374,017.00 in company stock and sold $0.00 in company stock.Percentage Held by InsidersOnly 2.40% of the stock of Ellington Residential Mortgage REIT is held by insiders.Percentage Held by Institutions64.62% of the stock of Ellington Residential Mortgage REIT is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Ellington Residential Mortgage REIT is -35.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Ellington Residential Mortgage REIT is -35.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Book Value per Share RatioEllington Residential Mortgage REIT has a P/B Ratio of 0.78. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 2.5Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -Overall Beat the Market Rank™2.16 out of 5 stars Industry, Sector and Symbol Stock Exchange NYSE Industry Real estate investment trusts Sub-IndustryN/A SectorFinance Current SymbolNYSE:EARN Previous Symbol CUSIPN/A CIK1560672 Webwww.earnreit.com Phone203-698-1200Debt Debt-to-Equity RatioN/A Current Ratio0.16 Quick Ratio0.16Price-To-Earnings Trailing P/E RatioN/A Forward P/E RatioN/A P/E GrowthN/A Sales & Book Value Annual Sales$8.57 million Price / Sales14.42 Cash Flow$2.18 per share Price / Cash Flow4.61 Book Value$12.92 per share Price / Book0.78Profitability EPS (Most Recent Fiscal Year)N/A Net Income$22.26 million Net Margins-36.77% Return on Equity7.44% Return on Assets0.74%Miscellaneous EmployeesN/A Outstanding Shares12,320,000Market Cap$123.57 million Next Earnings Date8/6/2020 (Estimated) OptionableNot Optionable EARN Rates by TradingView Receive EARN News and Ratings via Email Sign-up to receive the latest news and ratings for EARN and its competitors with MarketBeat's FREE daily newsletter. Ellington Residential Mortgage REIT (NYSE:EARN) Frequently Asked Questions How has Ellington Residential Mortgage REIT's stock been impacted by COVID-19 (Coronavirus)? Ellington Residential Mortgage REIT's stock was trading at $9.70 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, EARN stock has increased by 3.4% and is now trading at $10.03. View which stocks have been most impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of 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. When is Ellington Residential Mortgage REIT's next earnings date? Ellington Residential Mortgage REIT is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020. View our earnings forecast for Ellington Residential Mortgage REIT. How were Ellington Residential Mortgage REIT's earnings last quarter? Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings results on Tuesday, May, 5th. The real estate investment trust reported $0.27 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.25 by $0.02. The real estate investment trust earned $3.78 million during the quarter. Ellington Residential Mortgage REIT had a positive return on equity of 7.44% and a negative net margin of 36.77%. View Ellington Residential Mortgage REIT's earnings history. How often does Ellington Residential Mortgage REIT pay dividends? What is the dividend yield for Ellington Residential Mortgage REIT? Ellington Residential Mortgage REIT declared a quarterly dividend on Wednesday, March 4th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.28 per share on Monday, April 27th. This represents a $1.12 dividend on an annualized basis and a yield of 11.17%. The ex-dividend date is Monday, March 30th. View Ellington Residential Mortgage REIT's dividend history. What price target have analysts set for EARN? 1 analysts have issued 1-year target prices for Ellington Residential Mortgage REIT's shares. 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 twelve months. This suggests a possible upside of 24.6% from the stock's current price. View analysts' price targets for Ellington Residential Mortgage REIT. Has Ellington Residential Mortgage REIT been receiving favorable news coverage? Media coverage about EARN stock has trended very negative this week, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog 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 news sentiment score of -3.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news aboutEllington Residential Mortgage REIT. Are investors shorting Ellington Residential Mortgage REIT? Ellington Residential Mortgage REIT saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 209,000 shares, a decrease of 7.7% from the April 30th total of 226,500 shares. Based on an average daily volume of 93,000 shares, the short-interest ratio is currently 2.2 days. Approximately 2.3% of the company's shares are sold short. View Ellington Residential Mortgage REIT's Current Options Chain. Who are some of Ellington Residential Mortgage REIT's key competitors? Some companies that are related to Ellington Residential Mortgage REIT include Invesco Mortgage Capital (IVR), City Office REIT (CIO), Catchmark Timber Trust (CTT), Ready Capital (RC), Preferred Apartment Communities (APTS), Gladstone Land (LAND), Chatham Lodging Trust (CLDT), One Liberty Properties (OLP), Jernigan Capital (JCAP), Dynex Capital (DX), Granite Point Mortgage Trust (GPMT), Orchid Island Capital (ORC), Ares Commercial Real Estate (ACRE), Whitestone REIT (WSR) and New Senior Investment Group (SNR). View all competitors. What other stocks do shareholders of Ellington Residential Mortgage REIT own? 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), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), Arlington Asset Investment (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and ANNALY CAP MGMT/SH (NLY). Who are Ellington Residential Mortgage REIT's key executives? Ellington Residential Mortgage REIT's management team includes the following people: Mr. Laurence Eric Penn, Pres, CEO & Trustee (Age 57)Mr. Michael William Vranos, Co-Chief Investment Officer & Trustee (Age 57)Mr. Christopher M. Smernoff B.S., CPA, Chief Financial Officer (Age 42)Mr. JR Herlihy B.A., Chief Operating Officer (Age 38)Mr. Mark Ira Tecotzky, Co-Chief Investment Officer (Age 57) What is Ellington Residential Mortgage REIT's stock symbol? Ellington Residential Mortgage REIT trades on the New York Stock Exchange (NYSE) under the ticker symbol "EARN." Who are Ellington Residential Mortgage REIT's major shareholders? Ellington Residential Mortgage REIT's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Almitas Capital LLC (4.47%), BlackRock Inc. (2.07%), Wolverine Asset Management LLC (1.60%), Acadian Asset Management LLC (1.19%), Thrivent Financial for Lutherans (0.65%) and WINTON GROUP Ltd (0.31%). View institutional ownership trends for Ellington Residential Mortgage REIT. Which major investors are selling Ellington Residential Mortgage REIT stock? EARN stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, State Street Corp, BlackRock Inc., Invesco Ltd., First Trust Advisors LP, and Thrivent Financial for Lutherans. View insider buying and selling activity for Ellington Residential Mortgage REIT. Which major investors are buying Ellington Residential Mortgage REIT stock? EARN stock was purchased by a variety of institutional investors in the last quarter, including Almitas Capital LLC, Wolverine Asset Management LLC, Acadian Asset Management LLC, Two Sigma Advisers LP, WINTON GROUP Ltd, Russell Investments Group Ltd., Two Sigma Investments LP, and Wells Fargo & Company MN. View insider buying and selling activity for Ellington Residential Mortgage REIT. How do I buy shares of 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. What is Ellington Residential Mortgage REIT's stock price today? One share of EARN stock can currently be purchased for approximately $10.03. How big of a company is Ellington Residential Mortgage REIT? Ellington Residential Mortgage REIT has a market capitalization of $123.57 million and generates $8.57 million in revenue each year. What is Ellington Residential Mortgage REIT's official website? The official website for Ellington Residential Mortgage REIT is www.earnreit.com. How can I contact Ellington Residential Mortgage REIT? 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] This page was last updated on 6/3/2020 by MarketBeat.com Staff
