Ellington Residential Mortgage REIT (NYSE:EARN) is set to release its earnings data after the market closes on Monday, October 30th. Analysts expect Ellington Residential Mortgage REIT to post earnings of $0.46 per share for the quarter.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47. The firm had revenue of $6.86 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 12.25% and a net margin of 44.93%. On average, analysts expect Ellington Residential Mortgage REIT to post $1.89 EPS for the current fiscal year and $1.68 EPS for the next fiscal year.

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) opened at 14.33 on Monday. The company’s 50-day moving average price is $14.53 and its 200 day moving average price is $14.70. The stock has a market cap of $189.23 million, a PE ratio of 11.11 and a beta of 0.64. Ellington Residential Mortgage REIT has a 1-year low of $12.26 and a 1-year high of $15.74.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a yield of 11.17%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is presently 121.21%.

An institutional investor recently bought a new position in Ellington Residential Mortgage REIT stock. California State Teachers Retirement System bought a new position in shares of Ellington Residential Mortgage REIT (NYSE:EARN) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,700 shares of the real estate investment trust’s stock, valued at approximately $216,000. California State Teachers Retirement System owned about 0.11% of Ellington Residential Mortgage REIT as of its most recent SEC filing. 62.11% of the stock is owned by institutional investors.

A number of research firms have commented on EARN. Zacks Investment Research raised Ellington Residential Mortgage REIT from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Friday, September 8th. Deutsche Bank AG reduced their target price on Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating on the stock in a report 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.

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

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