Ellington Residential Mortgage REIT (NYSE:EARN)’s share price reached a new 52-week low during trading on Tuesday . The stock traded as low as $12.37 and last traded at $12.72, with a volume of 167300 shares. The stock had previously closed at $12.92.

Several equities analysts recently commented on the company. Zacks Investment Research raised Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Friday, December 1st. BidaskClub lowered Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, November 3rd.

The company has a market capitalization of $164.96, a PE ratio of 6.51 and a beta of 0.59.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.02). The firm had revenue of $7.15 million for the quarter. Ellington Residential Mortgage REIT had a net margin of 40.44% and a return on equity of 12.02%. analysts anticipate that Ellington Residential Mortgage REIT will post 1.86 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 29th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 11.86%. The ex-dividend date is Thursday, December 28th. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 149.53%.

Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC bought a new position in Ellington Residential Mortgage REIT during the 3rd quarter worth $109,000. Bessemer Group Inc. bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $119,000. New York State Common Retirement Fund bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $130,000. Cubist Systematic Strategies LLC bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $155,000. Finally, Menta Capital LLC bought a new position in Ellington Residential Mortgage REIT during the 2nd quarter worth $170,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.

WARNING: This piece was first published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this piece on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark laws. The legal version of this piece can be accessed at https://www.thecerbatgem.com/2017/12/21/ellington-residential-mortgage-reit-earn-reaches-new-12-month-low-at-12-37.html.

About Ellington Residential Mortgage REIT

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.

Receive News & Ratings for Ellington Residential Mortgage REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ellington Residential Mortgage REIT and related companies with MarketBeat.com's FREE daily email newsletter.