Ellington Residential Mortgage REIT Stock Forecast, Price & News

Ellington Residential Mortgage REIT (NYSE:EARN) Frequently Asked Questions

Is Ellington Residential Mortgage REIT a buy right now?

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" Ellington Residential Mortgage REIT stock.
View analyst ratings for Ellington Residential Mortgage REIT or view top-rated stocks.

How has Ellington Residential Mortgage REIT's stock been impacted by Coronavirus (COVID-19)?

Ellington Residential Mortgage REIT's stock was trading at $9.70 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, EARN stock has increased by 11.6% and is now trading at $10.83.
View which stocks have been most impacted by COVID-19.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a decline in short interest in December. As of December 31st, there was short interest totaling 162,900 shares, a decline of 49.0% from the December 15th total of 319,400 shares. Based on an average trading volume of 225,700 shares, the short-interest ratio is presently 0.7 days. Currently, 1.4% of the shares of the stock are sold short.
View Ellington Residential Mortgage REIT's Short Interest.

When is Ellington Residential Mortgage REIT's next earnings date?

Ellington Residential Mortgage REIT is scheduled to release its next quarterly earnings announcement on Tuesday, February 15th 2022.
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 earnings results on Tuesday, November, 2nd. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by $0.03. Ellington Residential Mortgage REIT had a trailing twelve-month return on equity of 10.23% and a net margin of 15.17%. During the same period last year, the company earned $0.39 EPS.
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 monthly dividend on Friday, January 7th. Investors of record on Monday, January 31st will be paid a dividend of $0.10 per share on Friday, February 25th. This represents a $1.20 dividend on an annualized basis and a yield of 11.08%. The ex-dividend date of this dividend is Friday, January 28th.
View Ellington Residential Mortgage REIT's dividend history.

Is Ellington Residential Mortgage REIT a good dividend stock?

Ellington Residential Mortgage REIT pays an annual dividend of $1.20 per share and currently has a dividend yield of 11.08%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Ellington Residential Mortgage REIT has been increasing its dividend for 2 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio of Ellington Residential Mortgage REIT is 375.01%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Ellington Residential Mortgage REIT will have a dividend payout ratio of 90.91% in the coming year. This indicates that Ellington Residential Mortgage REIT may not be able to sustain their current dividend.
View Ellington Residential Mortgage REIT's dividend history.

What price target have analysts set for EARN?

2 analysts have issued 1 year price targets for Ellington Residential Mortgage REIT's shares. Their forecasts range from $12.00 to $12.50. On average, they anticipate Ellington Residential Mortgage REIT's share price to reach $12.25 in the next year. This suggests a possible upside of 13.1% from the stock's current price.
View analysts' price targets for Ellington Residential Mortgage REIT or view top-rated stocks among Wall Street analysts.

Who are Ellington Residential Mortgage REIT's key executives?

Ellington Residential Mortgage REIT's management team includes the following people:

• Laurence Eric Penn, President, Chief Executive Officer & Trustee
• J. R. Herlihy, Chief Operating Officer & Treasurer
• Christopher M. Smernoff, Chief Financial Officer
• Michael William Vranos, Trustee & Co-Chief Investment Officer
• Mark Ira Tecotzky, Co-Chief Investment Officer

Who are some of Ellington Residential Mortgage REIT's key competitors?

Some companies that are related to Ellington Residential Mortgage REIT include LSL Property Services (LSLPF), Whitestone REIT (WSR), CatchMark Timber Trust (CTT), Farmland Partners (FPI), BRT Apartments (BRT), CTO Realty Growth (CTO), Ashford Hospitality Trust (AHT), Hersha Hospitality Trust (HT), Braemar Hotels & Resorts (BHR), Transcontinental Realty Investors (TCI), Cedar Realty Trust (CDR), Chicago Atlantic Real Estate Finance (REFI), Great Ajax (AJX), Power REIT (PW) and Postal Realty Trust (PSTL).
View all of EARN's 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 (ET), CBL & Associates Properties (CBL), Cornerstone Total Return Fund (CRF), Cornerstone Strategic Value Fund (CLM), SandRidge Permian Trust (PER), SunCoke Energy Partners (SXCP), C3.ai (AI), Martin Midstream Partners (MMLP), NGL Energy Partners (NGL) and AGNC Investment (AGNC).

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."

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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What is Ellington Residential Mortgage REIT's stock price today?

One share of EARN stock can currently be purchased for approximately $10.83.

How much money does Ellington Residential Mortgage REIT make?

Ellington Residential Mortgage REIT has a market capitalization of $140.09 million and generates $17.35 million in revenue each year. The real estate investment trust earns $20.11 million in net income (profit) each year or $0.32 on an earnings per share basis.

What is Ellington Residential Mortgage REIT's official website?

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

Where are Ellington Residential Mortgage REIT's headquarters?

Ellington Residential Mortgage REIT is headquartered at 53 Forest Avenue, Old Greenwich CT, 06870.

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].