Deutsche Bank Reiterates Hold Rating for Ellington Residential Mortgage REIT (EARN)
Ellington Residential Mortgage REIT (NASDAQ:EARN)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday. They currently have a $17.00 target price on the stock, up from their previous target price of $16.25. Deutsche Bank’s price target indicates a potential upside of 0.35% from the stock’s previous close.
Ellington Residential Mortgage REIT (NASDAQ:EARN) traded up 0.24% during mid-day trading on Wednesday, hitting $16.98. 36,951 shares of the company’s stock traded hands. Ellington Residential Mortgage REIT has a one year low of $13.89 and a one year high of $17.91. The stock has a 50-day moving average of $16.63 and a 200-day moving average of $16.8. The company’s market cap is $155.2 million.
Ellington Residential Mortgage REIT (NASDAQ:EARN) last announced its earnings results on Monday, August 11th. The company reported $0.75 earnings per share (EPS) for the quarter.
Ellington Residential Mortgage REIT is a real estate investment trust. The Company is specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets.
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