Ellington Residential Mortgage REIT (NYSE:EARN - Get Rating) will be posting its quarterly earnings results after the market closes on Monday, March 6th. Analysts expect Ellington Residential Mortgage REIT to post earnings of $0.20 per share for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.
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NYSE:EARN opened at $7.84 on Monday. The firm's 50 day simple moving average is $7.63 and its 200 day simple moving average is $7.39. Ellington Residential Mortgage REIT has a one year low of $5.70 and a one year high of $10.37. The company has a market cap of $102.55 million, a PE ratio of -2.31 and a beta of 1.77.
The company also recently declared a monthly dividend, which will be paid on Monday, March 27th. Shareholders of record on Tuesday, February 28th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Monday, February 27th. This represents a $0.96 annualized dividend and a yield of 12.24%. Ellington Residential Mortgage REIT's payout ratio is -28.24%.
Several research analysts have issued reports on the stock. StockNews.com lowered shares of Ellington Residential Mortgage REIT from a "hold" rating to a "sell" rating in a report on Friday. Jonestrading assumed coverage on shares of Ellington Residential Mortgage REIT in a report on Monday, December 19th. They set a "hold" rating for the company. Finally, Credit Suisse Group lifted their price objective on shares of Ellington Residential Mortgage REIT to $7.50 in a research note on Friday, December 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $8.83.
Hedge funds and other institutional investors have recently bought and sold shares of the business. UBS Group AG bought a new stake in Ellington Residential Mortgage REIT during the 3rd quarter valued at $26,000. Two Sigma Investments LP purchased a new position in Ellington Residential Mortgage REIT during the 3rd quarter worth $138,000. Penserra Capital Management LLC boosted its holdings in Ellington Residential Mortgage REIT by 28.9% during the 1st quarter. Penserra Capital Management LLC now owns 25,522 shares of the real estate investment trust's stock worth $257,000 after acquiring an additional 5,724 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in Ellington Residential Mortgage REIT by 6.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 32,401 shares of the real estate investment trust's stock worth $327,000 after acquiring an additional 1,965 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Ellington Residential Mortgage REIT by 24.9% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 32,812 shares of the real estate investment trust's stock worth $245,000 after acquiring an additional 6,549 shares during the last quarter. Institutional investors own 23.88% of the company's stock.
Ellington Residential Mortgage REIT is a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. Its portfolio include non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities.
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