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 given 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 10.40%. 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 authorized a stock repurchase program on Friday, February 9th 2018, which allows the company to repurchase 1,200,000 shares, according to EventVestor. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company's leadership believes its shares are undervalued.

Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings results on Thursday, August, 1st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by $0.04. The real estate investment trust earned $2.48 million during the quarter. Ellington Residential Mortgage REIT had a negative net margin of 2.05% and a positive return on equity of 8.89%. 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 12 month price objectives for Ellington Residential Mortgage REIT's stock. Their forecasts range from $12.50 to $12.50. On average, they anticipate Ellington Residential Mortgage REIT's share price to reach $12.50 in the next year. This suggests a possible upside of 16.1% 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 stories about EARN stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned news stories 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 immediate future. View News Stories for Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT saw a decrease in short interest during the month of September. As of September 30th, there was short interest totalling 332,600 shares, a decrease of 7.8% from the August 30th total of 360,800 shares. Based on an average daily volume of 45,000 shares, the days-to-cover ratio is currently 7.4 days. Approximately 3.6% of the shares of the stock are sold short. View Ellington Residential Mortgage REIT's Current Options Chain.

Some companies that are related to Ellington Residential Mortgage REIT include Hersha Hospitality Trust (HT), Western Asset Mortgage Capital (WMC), AG Mortgage Investment Trust (MITT), Ares Commercial Real Estate (ACRE), Pennsylvania R.E.I.T. (PEI), Jernigan Capital (JCAP), Global Medical REIT (GMRE), Dynex Capital (DX), Spirit MTA REIT (SMTA), Exantas Capital (XAN), MedEquities Realty Trust (MRT), Anworth Mortgage Asset Corp Reit (ANH), Orchid Island Capital (ORC), Great Ajax (AJX) and Cedar Realty Trust (CDR).

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 a variety of of institutional and retail investors. Top institutional shareholders include Wedbush Securities Inc. (0.08%). 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 Wedbush Securities Inc.. 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 $10.77.

Ellington Residential Mortgage REIT has a market capitalization of $135.81 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]