Ellington Residential Mortgage REIT (EARN) Scheduled to Post Earnings on Thursday

Ellington Residential Mortgage REIT (NYSE:EARN) is set to release its earnings data after the market closes on Thursday, February 8th. Analysts expect Ellington Residential Mortgage REIT to post earnings of $0.43 per share for the quarter.

Ellington Residential Mortgage REIT (NYSE:EARN) opened at $10.39 on Tuesday. The stock has a market capitalization of $141.23, a price-to-earnings ratio of 9.62 and a beta of 0.46. Ellington Residential Mortgage REIT has a 52 week low of $10.23 and a 52 week high of $15.74.

The company also recently announced a quarterly dividend, which was paid on Thursday, January 25th. Investors of record on Friday, December 29th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 14.24%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is 137.04%.

A number of brokerages recently issued reports on EARN. BidaskClub lowered Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, November 3rd. Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, ValuEngine lowered Ellington Residential Mortgage REIT from a “strong-buy” rating to a “buy” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Ellington Residential Mortgage REIT has a consensus rating of “Hold” and a consensus target price of $14.67.

An institutional investor recently bought a new position in Ellington Residential Mortgage REIT stock. State Street Corp bought a new position in Ellington Residential Mortgage REIT (NYSE:EARN) in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 89,069 shares of the real estate investment trust’s stock, valued at approximately $1,306,000. State Street Corp owned about 0.67% of Ellington Residential Mortgage REIT at the end of the most recent reporting period. 66.10% of the stock is currently owned by institutional investors.

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Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT is a real estate investment trust. The Company conducts its business through its subsidiaries, EARN OP GP LLC and Ellington Residential Mortgage LP (the Operating Partnership). It specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets.

Earnings History for Ellington Residential Mortgage REIT (NYSE:EARN)

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