Ellington Residential Mortgage REIT (EARN) to Release Earnings on Wednesday

Ellington Residential Mortgage REIT (NYSE:EARN) is scheduled to post its quarterly earnings results after the market closes on Wednesday, February 7th.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced 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). Ellington Residential Mortgage REIT had a return on equity of 12.02% and a net margin of 40.44%. The company had revenue of $7.15 million during the quarter. On average, analysts expect Ellington Residential Mortgage REIT to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of Ellington Residential Mortgage REIT (EARN) opened at $11.01 on Wednesday. Ellington Residential Mortgage REIT has a 12-month low of $10.95 and a 12-month high of $15.74. The firm has a market capitalization of $146.96, a PE ratio of 10.19 and a beta of 0.60.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Friday, December 29th were given a $0.37 dividend. The ex-dividend date was Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.44%. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 137.04%.

Several equities analysts recently weighed in on the company. Zacks Investment Research cut Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub cut Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, November 3rd.

An institutional investor recently bought a new position in Ellington Residential Mortgage REIT stock. State Street Corp purchased a new stake in Ellington Residential Mortgage REIT (NYSE:EARN) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 89,069 shares of the real estate investment trust’s stock, valued at approximately $1,306,000. State Street Corp owned approximately 0.67% of Ellington Residential Mortgage REIT as of its most recent SEC filing. Institutional investors and hedge funds own 66.31% of the company’s stock.

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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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