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 declared a quarterly dividend on Thursday, June 14th. Investors 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 12.71%. 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 permits the company to repurchase 1,200,000 shares, according to EventVestor. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) announced 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 consensus estimate of $0.40 by $0.06. The real estate investment trust had revenue of $6.18 million for 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 brokerages have issued twelve-month target prices for Ellington Residential Mortgage REIT's shares. Their predictions range from $14.00 to $14.00. On average, they anticipate Ellington Residential Mortgage REIT's stock price to reach $14.00 in the next year. View Analyst Ratings for Ellington Residential Mortgage REIT.

Some companies that are related to Ellington Residential Mortgage REIT include Preferred Apartment Communities (APTS), NexPoint Residential Trust (NXRT), AG Mortgage Investment Trust (MITT), UMH PROPERTIES/SH SH (UMH), Sutherland Asset Management (SLD), Community Healthcare Trust (CHCT), American Hotel Income Properties REIT (AHOTF), ANWORTH MORTGAGE ASSET CORP REIT Common Stock (ANH), One Liberty Properties (OLP), Whitestone REIT (WSR), Drive Shack (DS), City Office REIT (CIO), Western Asset Mortgage Capital (WMC), Tortoise Capital Resources (CORR) and Ares Commercial Real Estate (ACRE).

News headlines about EARN stock have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern scores the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Ellington Residential Mortgage REIT earned a daily sentiment score of 0.07 on Accern's scale. They also gave news stories about the real estate investment trust an impact score of 46.90 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company's share price in the next several days.

Ellington Residential Mortgage REIT's stock is owned by a number of of retail and institutional investors. Top institutional investors 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 purchased 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 $11.64.

Ellington Residential Mortgage REIT has a market capitalization of $146.44 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]