Ellington Residential Mortgage REIT (EARN) Stock Price, News & Analysis

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ellington Residential Mortgage REIT in the last year. There are currently 2 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" EARN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in EARN, but not buy additional shares or sell existing shares.
View EARN analyst ratings or view top-rated stocks.

2 brokers have issued twelve-month target prices for Ellington Residential Mortgage REIT's stock. Their EARN share price targets range from $6.00 to $6.00. On average, they expect the company's stock price to reach $6.00 in the next year. This suggests that the stock has a possible downside of 10.8%.
View analysts price targets for EARN or view top-rated stocks among Wall Street analysts.

Ellington Residential Mortgage REIT's stock was trading at $6.13 on January 1st, 2024. Since then, EARN shares have increased by 9.8% and is now trading at $6.73.
View the best growth stocks for 2024 here.

Ellington Residential Mortgage REIT saw a increase in short interest in the month of March. As of March 31st, there was short interest totaling 312,600 shares, an increase of 32.1% from the March 15th total of 236,600 shares. Based on an average daily volume of 261,400 shares, the short-interest ratio is presently 1.2 days.
View Ellington Residential Mortgage REIT's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our EARN earnings forecast.

Ellington Residential Mortgage REIT (NYSE:EARN) posted its earnings results on Monday, November, 13th. The real estate investment trust reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.04. The real estate investment trust earned ($1.10) million during the quarter, compared to the consensus estimate of $1.90 million. During the same quarter in the previous year, the company posted $0.23 earnings per share.

Ellington Residential Mortgage REIT declared a monthly dividend on Monday, April 8th. Investors of record on Tuesday, April 30th will be given a dividend of $0.08 per share on Tuesday, May 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 14.26%. The ex-dividend date is Monday, April 29th.
Read our dividend analysis for EARN.

Ellington Residential Mortgage REIT (NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 14.66%. EARN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 369.24%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, EARN will have a dividend payout ratio of 94.12% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for EARN.

Hoya Capital High Dividend Yield ETF holds 113,724 shares of EARN stock, representing 1.26% of its portfolio.

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).

Shares of EARN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.