Ellington Residential Mortgage REIT (EARN)

NYSE: EARN · IEX Real-Time Price · USD
6.72
-0.01 (-0.15%)
Apr 25, 2024, 4:00 PM EDT - Market closed
-0.15%
Market Cap 133.19M
Revenue (ttm) -2.71M
Net Income (ttm) 4.56M
Shares Out 19.82M
EPS (ttm) 0.31
PE Ratio 21.68
Forward PE 6.13
Dividend $0.96 (14.29%)
Ex-Dividend Date Apr 29, 2024
Volume 159,822
Open 6.70
Previous Close 6.73
Day's Range 6.64 - 6.73
52-Week Range 5.09 - 7.64
Beta 1.90
Analysts Hold
Price Target 6.00 (-10.71%)
Earnings Date May 9, 2024

About EARN

Ellington Residential Mortgage REIT, a real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS, such as non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion ... [Read more]

Industry REIT - Mortgage
Sector Real Estate
IPO Date May 1, 2013
Employees 150
Stock Exchange NYSE
Ticker Symbol EARN
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 2 analysts, the average rating for EARN stock is "Hold." The 12-month stock price forecast is $6.0, which is a decrease of -10.71% from the latest price.

Price Target
$6.0
(-10.71% downside)
Analyst Consensus: Hold
Stock Forecasts

News

Ellington Credit Adopts Tax Asset Preservation Plan Designed to Protect Shareholder Value by Preserving the Availability of Its Net Operating Losses While Operating as a C-Corp

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Credit Company (“Ellington Credit” or the “Company”) (NYSE: EARN) announced today that it has adopted a shareholder rights plan designed to protect sha...

2 days ago - Business Wire

Ellington Residential Rebrands as Ellington Credit Company

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company" or "EARN") today announced that it has rebranded as Ellington Credit Company as part of its strat...

6 days ago - Business Wire

Ellington Residential Declares Monthly Common Dividend

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential (NYSE: EARN) (the "Company") today announced that its Board of Trustees has declared a monthly common dividend of $0.08 per share, payable ...

17 days ago - Business Wire

Ellington Residential Announces Strategic Transformation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the “Company”) today announced that its Board of Trustees has unanimously approved a strategic transformation o...

24 days ago - Business Wire

Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended December 31, 2023. Highlights Net ...

7 weeks ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2023 a...

2 months ago - Business Wire

Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2023 Distributions

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributions...

3 months ago - Business Wire

Ellington Residential Mortgage REIT Reports Third Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) ("we", "us," or "our") today reported financial results for the quarter ended September 30, 2023. Highlights Net...

5 months ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Third Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended September 30, 2023 ...

6 months ago - Business Wire

Ellington Residential Mortgage REIT Reports Second Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended June 30, 2023. Highlights Net income (los...

9 months ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Second Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended June 30, 2023 after...

9 months ago - Business Wire

Ellington Residential Mortgage REIT Reports First Quarter 2023 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended March 31, 2023. Highlights Net income (lo...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of First Quarter 2023 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2023 afte...

1 year ago - Business Wire

Ellington Residential Announces Estimated Book Value Per Share as of March 31, 2023

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.31 as of March 31, 2023. This estimate ...

1 year ago - Business Wire

Ellington Residential Announces Estimated Book Value Per Share as of February 28, 2023

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.56 as of February 28, 2023, which refle...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Reports Fourth Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today reported financial results for the quarter ended December 31, 2022. Highlights Net income ...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Fourth Quarter 2022 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended December 31, 2022 a...

1 year ago - Business Wire

Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2022 Distributions

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that information regarding the federal income tax treatment of the distributio...

1 year ago - Business Wire

Ellington Residential Announces Estimated Book Value Per Share as of December 31, 2022

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced its estimated book value per share of $8.40 as of December 31, 2022.

1 year ago - Business Wire

Ellington Residential Mortgage REIT Reports Third Quarter 2022 Results

OLD GREENWICH, Conn.

1 year ago - Business Wire

Ellington Residential Mortgage REIT Reports Second Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Reports Second Quarter 2022 Results

1 year ago - Business Wire

Ellington Residential Mortgage REIT Announces Release Date of Second Quarter 2022 Earnings, Conference Call, and Investor Presentation

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Announces Release Date of Second Quarter 2022 Earnings, Conference Call, and Investor Presentation

1 year ago - Business Wire

Monthly Dividend-Payers With Double-Digit Yields

For sophisticated income investors willing to accept high risk in exchange for high yield, Bob Ciura, a contributor to MoneyShow.com and editor at Sure Dividend, highlights 5 stocks that offer double-...

Other symbols: AGNCARREFCORC
2 years ago - Forbes

Ellington Residential Mortgage REIT Reports First Quarter 2022 Results

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT Reports First Quarter 2022 Results

2 years ago - Business Wire