Analysts expect Ellington Residential Mortgage REIT (NYSE:EARN) to post earnings per share of $0.45 for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have issued estimates for Ellington Residential Mortgage REIT’s earnings. Ellington Residential Mortgage REIT reported earnings per share of $0.48 during the same quarter last year, which would indicate a negative year over year growth rate of 6.2%. The company is expected to announce its next earnings report on Tuesday, November 7th.

According to Zacks, analysts expect that Ellington Residential Mortgage REIT will report full-year earnings of $1.87 per share for the current financial year. For the next fiscal year, analysts anticipate that the company will report earnings of $1.51 per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that cover Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. The company had revenue of $6.86 million for the quarter. Ellington Residential Mortgage REIT had a return on equity of 12.25% and a net margin of 44.93%.

A number of equities analysts recently commented on the company. Zacks Investment Research raised Ellington Residential Mortgage REIT from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a research note on Friday, September 8th. Deutsche Bank AG dropped their price target on Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd.

Shares of Ellington Residential Mortgage REIT (NYSE EARN) traded up 0.76% during trading on Monday, hitting $14.63. The company had a trading volume of 21,045 shares. The firm’s 50 day moving average is $14.58 and its 200-day moving average is $14.72. The stock has a market capitalization of $193.19 million, a P/E ratio of 11.34 and a beta of 0.64. Ellington Residential Mortgage REIT has a 52 week low of $12.21 and a 52 week high of $15.74.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Shareholders of record on Friday, September 29th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a yield of 11.02%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is presently 121.21%.

Hedge funds have recently modified their holdings of the business. Ranger Global Real Estate Advisors LLC purchased a new stake in Ellington Residential Mortgage REIT during the first quarter valued at approximately $2,013,000. California Public Employees Retirement System raised its position in Ellington Residential Mortgage REIT by 5.8% during the first quarter. California Public Employees Retirement System now owns 40,100 shares of the real estate investment trust’s stock valued at $588,000 after purchasing an additional 2,200 shares during the period. Martingale Asset Management L P purchased a new stake in Ellington Residential Mortgage REIT during the second quarter valued at approximately $1,033,000. Cambridge Investment Research Advisors Inc. purchased a new stake in Ellington Residential Mortgage REIT during the first quarter valued at approximately $199,000. Finally, Vanguard Group Inc. raised its position in Ellington Residential Mortgage REIT by 5.1% during the first quarter. Vanguard Group Inc. now owns 436,995 shares of the real estate investment trust’s stock valued at $6,407,000 after purchasing an additional 21,208 shares during the period. Institutional investors and hedge funds own 62.11% 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.

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