Media headlines about Ellington Residential Mortgage REIT (NYSE:EARN) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ellington Residential Mortgage REIT earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.6495572177719 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Ellington Residential Mortgage REIT (NYSE:EARN) opened at $12.74 on Tuesday. The firm has a market cap of $169.90, a price-to-earnings ratio of 6.71 and a beta of 0.61. Ellington Residential Mortgage REIT has a twelve month low of $12.35 and a twelve month high of $15.74.
Ellington Residential Mortgage REIT (NYSE:EARN) last released its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). The business had revenue of $7.15 million for the quarter. Ellington Residential Mortgage REIT had a net margin of 40.44% and a return on equity of 12.02%. equities analysts forecast that Ellington Residential Mortgage REIT will post 1.87 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Stockholders of record on Friday, September 29th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 12.56%. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 149.53%.
EARN has been the subject of a number of research reports. BidaskClub lowered shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered shares of Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Deutsche Bank AG decreased their target price on shares of Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd.
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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.
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