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NYSE:EARNEllington Residential Mortgage REIT Stock Price, Forecast & News

$9.82
+0.14 (+1.45 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$9.63
Now: $9.82
$9.85
50-Day Range
$9.47
MA: $10.08
$11.04
52-Week Range
$2.70
Now: $9.82
$11.88
Volume97,900 shs
Average Volume182,241 shs
Market Capitalization$120.98 million
P/E RatioN/A
Dividend Yield11.57%
Beta1.88
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.
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Ellington Residential Mortgage REIT logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.5Community Rank: 2.0Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.36 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone203-698-1200

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$8.57 million
Cash Flow$2.13 per share
Book Value$12.92 per share

Profitability

Net Income$22.26 million

Miscellaneous

EmployeesN/A
Market Cap$120.98 million
Next Earnings Date8/6/2020 (Estimated)
OptionableNot Optionable

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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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, EARN shares have increased by 1.2% and is now trading at $9.82. 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) issued its quarterly earnings data on Tuesday, May, 5th. The real estate investment trust reported $0.27 EPS for the quarter, topping the Zacks' consensus estimate of $0.25 by $0.02. The real estate investment trust had revenue of $3.78 million for 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, June 10th. Investors of record on Tuesday, June 30th will be given a dividend of $0.28 per share on Monday, July 27th. This represents a $1.12 annualized dividend and a yield of 11.41%. The ex-dividend date of this dividend is Monday, June 29th. View Ellington Residential Mortgage REIT's dividend history.

What price target have analysts set for EARN?

1 brokers have issued 12-month 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 year. This suggests a possible upside of 27.3% 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?

News stories about EARN stock have trended neutral on Saturday, according to InfoTrie Sentiment. The research group identifies positive and negative press coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Ellington Residential Mortgage REIT earned a news impact score of 0.2 on InfoTrie's scale. They also gave press coverage about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news about Ellington Residential Mortgage REIT.

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

What other stocks do shareholders of Ellington Residential Mortgage REIT own?

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."

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 $9.82.

How big of a company is Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT has a market capitalization of $120.98 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 7/11/2020 by MarketBeat.com Staff

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