Brokers Offer Predictions for Ellington Residential Mortgage REIT’s Q3 2021 Earnings (NYSE:EARN)

Ellington Residential Mortgage REIT (NYSE:EARN) – Equities researchers at Piper Sandler issued their Q3 2021 EPS estimates for Ellington Residential Mortgage REIT in a report issued on Tuesday, October 12th. Piper Sandler analyst C. Love expects that the real estate investment trust will post earnings of $0.34 per share for the quarter. Piper Sandler currently has a “Overweight” rating and a $12.50 price objective on the stock. Piper Sandler also issued estimates for Ellington Residential Mortgage REIT’s Q4 2021 earnings at $0.33 EPS, FY2021 earnings at $1.35 EPS, Q1 2022 earnings at $0.33 EPS, Q2 2022 earnings at $0.33 EPS, Q3 2022 earnings at $0.33 EPS, Q4 2022 earnings at $0.32 EPS, FY2022 earnings at $1.32 EPS, Q1 2023 earnings at $0.33 EPS, Q2 2023 earnings at $0.33 EPS, Q3 2023 earnings at $0.34 EPS and FY2023 earnings at $1.34 EPS.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced its earnings results on Sunday, August 1st. The real estate investment trust reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.05. Ellington Residential Mortgage REIT had a net margin of 40.54% and a return on equity of 10.64%.

Shares of EARN stock opened at $11.78 on Thursday. The firm has a market cap of $152.20 million, a PE ratio of 12.95 and a beta of 1.85. The company has a 50-day moving average of $11.39 and a two-hundred day moving average of $11.84. Ellington Residential Mortgage REIT has a 1-year low of $10.56 and a 1-year high of $13.92.

Institutional investors and hedge funds have recently modified their holdings of the company. UBS Group AG lifted its position in shares of Ellington Residential Mortgage REIT by 71.3% during the first quarter. UBS Group AG now owns 2,747 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 1,143 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Ellington Residential Mortgage REIT during the first quarter worth about $40,000. Wolverine Asset Management LLC acquired a new stake in shares of Ellington Residential Mortgage REIT during the first quarter worth about $61,000. BNP Paribas Arbitrage SA lifted its position in shares of Ellington Residential Mortgage REIT by 65.7% during the first quarter. BNP Paribas Arbitrage SA now owns 5,101 shares of the real estate investment trust’s stock worth $63,000 after purchasing an additional 2,023 shares in the last quarter. Finally, Barclays PLC lifted its position in shares of Ellington Residential Mortgage REIT by 159.0% during the first quarter. Barclays PLC now owns 7,536 shares of the real estate investment trust’s stock worth $92,000 after purchasing an additional 4,626 shares in the last quarter. 38.84% of the stock is currently owned by institutional investors and hedge funds.

The business also recently announced a monthly dividend, which will be paid on Friday, November 26th. Shareholders of record on Friday, October 29th will be paid a dividend of $0.10 per share. This represents a $1.20 annualized dividend and a yield of 10.19%. The ex-dividend date of this dividend is Thursday, October 28th.

Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT operates as a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. It manages a portfolio, which consists of non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities.

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

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