Ellington Residential Mortgage REIT (NYSE:EARN) announced its quarterly earnings results on Thursday. The real estate investment trust reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02), Bloomberg Earnings reports. The firm had revenue of $7.15 million during the quarter. Ellington Residential Mortgage REIT had a net margin of 40.44% and a return on equity of 12.84%.

Ellington Residential Mortgage REIT (NYSE EARN) traded down $0.38 during mid-day trading on Friday, reaching $13.03. 257,484 shares of the company’s stock traded hands, compared to its average volume of 73,746. The stock has a market capitalization of $177.10 million, a P/E ratio of 6.99 and a beta of 0.61.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Friday, September 29th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 12.28%. The ex-dividend date of this dividend was Thursday, September 28th. Ellington Residential Mortgage REIT’s dividend payout ratio is 149.53%.

Several brokerages have recently weighed in on EARN. BidaskClub lowered shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Friday. Deutsche Bank AG lowered their price target on shares of Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating on the stock in a research report on Wednesday, August 2nd. Finally, Zacks Investment Research raised shares of Ellington Residential Mortgage REIT from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, August 3rd.

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An institutional investor recently bought a new position in Ellington Residential Mortgage REIT stock. California State Teachers Retirement System bought a new stake in Ellington Residential Mortgage REIT (NYSE:EARN) during the 2nd quarter, according to its most recent Form 13F filing 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 0.11% of Ellington Residential Mortgage REIT as of its most recent SEC filing. 66.32% of the stock is owned by institutional investors.

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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