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NYSE:EARN

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

$6.89
+0.02 (+0.29%)
(As of 11:13 AM ET)
Today's Range
$6.86
$7.00
50-Day Range
$5.55
$6.98
52-Week Range
$5.09
$7.64
Volume
109,620 shs
Average Volume
255,354 shs
Market Capitalization
$136.56 million
P/E Ratio
26.50
Dividend Yield
13.93%
Price Target
$6.00

Ellington Residential Mortgage REIT MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
12.7% Downside
$6.00 Price Target
Short Interest
Healthy
1.19% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.36mentions of Ellington Residential Mortgage REIT in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.00%
From $1.00 to $1.02 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.89 out of 5 stars

Finance Sector

653rd out of 863 stocks

Real Estate Investment Trusts Industry

137th out of 180 stocks

EARN stock logo

About Ellington Residential Mortgage REIT Stock (NYSE:EARN)

Ellington Residential Mortgage REIT, a real estate investment trust, acquires, invests in, and manages 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, such as 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 incorporated in 2012 and is based in Old Greenwich, Connecticut.

EARN Stock Price History

EARN Stock News Headlines

EARN Ellington Residential Mortgage REIT
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Ellington Residential Mortgage REIT
Baldwin attorneys excuse District Judge Ellington
Ellington Residential Mortgage REIT (EARN)
See More Headlines
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Company Calendar

Last Earnings
11/13/2023
Ex-Dividend for 3/25 Dividend
2/28/2024
Dividend Payable
3/25/2024
Today
3/27/2024
Ex-Dividend for 4/25 Dividend
3/27/2024
Dividend Payable
4/25/2024
Next Earnings (Estimated)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
N/A
Fax
N/A
Employees
N/A
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$6.00
High Stock Price Target
$6.00
Low Stock Price Target
$6.00
Potential Upside/Downside
-12.7%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
$4.56 million
Pretax Margin
10.72%

Debt

Sales & Book Value

Annual Sales
$42.55 million
Cash Flow
$0.82 per share
Book Value
$8.34 per share

Miscellaneous

Free Float
19,305,000
Market Cap
$136.16 million
Optionable
Optionable
Beta
1.85
12 Stocks Corporate Insiders are Abandoning Cover

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Key Executives

  • Mr. Laurence Eric Penn (Age 62)
    CEO, President & Trustee
  • Mr. Christopher M. Smernoff (Age 46)
    Chief Financial Officer
    Comp: $93.61k
  • Mr. J. R. Herlihy (Age 42)
    Chief Operating Officer
    Comp: $124.97k
  • Mr. Michael William Vranos (Age 62)
    Co-Chief Investment Officer & Trustee
  • Mr. Mark Ira Tecotzky (Age 62)
    Co-Chief Investment Officer
  • Mr. Daniel Reuven Margolis (Age 51)
    General Counsel
  • Mr. Vincent Ambrico
    Controller
  • Mr. Alaael-Deen Shilleh
    Associate General Counsel & Secretary

EARN Stock Analysis - Frequently Asked Questions

Should I buy or sell Ellington Residential Mortgage REIT stock right now?

1 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 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.

What is Ellington Residential Mortgage REIT's stock price target for 2024?

1 brokerages have issued twelve-month price objectives for Ellington Residential Mortgage REIT's stock. Their EARN share price targets range from $6.00 to $6.00. On average, they anticipate the company's stock price to reach $6.00 in the next year. This suggests that the stock has a possible downside of 12.7%.
View analysts price targets for EARN
or view top-rated stocks among Wall Street analysts.

How have EARN shares performed in 2024?

Ellington Residential Mortgage REIT's stock was trading at $6.13 at the start of the year. Since then, EARN shares have increased by 12.1% and is now trading at $6.87.
View the best growth stocks for 2024 here
.

Are investors shorting Ellington Residential Mortgage REIT?

Ellington Residential Mortgage REIT saw a decline in short interest during the month of March. As of March 15th, there was short interest totaling 236,600 shares, a decline of 54.5% from the February 29th total of 519,500 shares. Based on an average daily volume of 262,800 shares, the days-to-cover ratio is presently 0.9 days.
View Ellington Residential Mortgage REIT's Short Interest
.

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

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

How were Ellington Residential Mortgage REIT's earnings last quarter?

Ellington Residential Mortgage REIT (NYSE:EARN) released its earnings results on Monday, November, 13th. The real estate investment trust reported $0.21 earnings per share 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 analysts' expectations of $1.90 million. During the same period in the previous year, the company posted $0.23 EPS.

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 Thursday, March 7th. Shareholders of record on Friday, March 29th will be given a dividend of $0.08 per share on Thursday, April 25th. This represents a $0.96 dividend on an annualized basis and a yield of 13.97%. The ex-dividend date of this dividend is Wednesday, March 27th.
Read our dividend analysis for EARN
.

Is Ellington Residential Mortgage REIT a good dividend stock?

Ellington Residential Mortgage REIT (NYSE:EARN) pays an annual dividend of $0.96 per share and currently has a dividend yield of 14.20%. 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.

What other stocks do shareholders of Ellington Residential Mortgage REIT own?
Who are Ellington Residential Mortgage REIT's major shareholders?

Ellington Residential Mortgage REIT's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (4.84%), Vanguard Group Inc. (4.84%), Wolverine Asset Management LLC (0.57%), International Assets Investment Management LLC (0.36%), International Assets Investment Management LLC (0.36%) and Northern Trust Corp (0.35%).
View institutional ownership trends
.

How do I buy shares of Ellington Residential Mortgage REIT?

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.

This page (NYSE:EARN) was last updated on 3/28/2024 by MarketBeat.com Staff

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