Ellington Residential Mortgage REIT (EARN) Issues Quarterly Earnings Results

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Ellington Residential Mortgage REIT (NYSE:EARN) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32, Fidelity Earnings reports. The firm had revenue of $4.79 million during the quarter. Ellington Residential Mortgage REIT had a negative net margin of 1.77% and a positive return on equity of 10.35%.

Ellington Residential Mortgage REIT stock opened at $11.36 on Tuesday. Ellington Residential Mortgage REIT has a twelve month low of $10.14 and a twelve month high of $12.09. The company has a market cap of $147.16 million, a PE ratio of 6.31 and a beta of 0.75.

The business also recently announced a quarterly dividend, which was paid on Friday, January 25th. Stockholders of record on Monday, December 31st were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 11.97%. The ex-dividend date of this dividend was Friday, December 28th. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 75.56%.

Several equities research analysts have commented on EARN shares. Zacks Investment Research upgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Monday, December 3rd. TheStreet lowered shares of Ellington Residential Mortgage REIT from a “c” rating to a “d” rating in a research note on Wednesday, November 28th. Finally, ValuEngine upgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Friday, November 16th.

In related news, major shareholder Holdings L.P. Blackstone III bought 10,231 shares of Ellington Residential Mortgage REIT stock in a transaction dated Monday, November 26th. The stock was purchased at an average cost of $11.05 per share, with a total value of $113,052.55. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 97,428 shares of company stock valued at $1,061,427 over the last three months. Insiders own 2.00% of the company’s stock.

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Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing 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 comprising non-agency CMOs, such as investment grade and non-investment grade.

See Also: Short Selling Stocks, A Beginner’s Guide

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

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