News headlines about Ellington Residential Mortgage REIT (NYSE:EARN) have been trending somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ellington Residential Mortgage REIT earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 47.1576131450902 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

EARN has been the topic of a number of recent research reports. BidaskClub cut shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a report on Friday, November 3rd. Zacks Investment Research raised shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a report on Tuesday, January 2nd. ValuEngine cut shares of Ellington Residential Mortgage REIT from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet cut shares of Ellington Residential Mortgage REIT from a “c” rating to a “d+” rating in a report on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $15.00.

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) traded up $0.10 during midday trading on Friday, reaching $11.18. 81,636 shares of the company’s stock were exchanged, compared to its average volume of 126,382. Ellington Residential Mortgage REIT has a 1 year low of $10.23 and a 1 year high of $15.74. The company has a market capitalization of $149.09, a PE ratio of 12.15 and a beta of 0.46.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its earnings results on Thursday, February 8th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.03). Ellington Residential Mortgage REIT had a return on equity of 12.07% and a net margin of 35.79%. The business had revenue of $6.98 million during the quarter. analysts forecast that Ellington Residential Mortgage REIT will post 1.47 EPS for the current year.

Ellington Residential Mortgage REIT announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 8th that permits the company to repurchase 1,200,000 outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

The company also recently declared a quarterly dividend, which was paid on Thursday, January 25th. Shareholders of record on Friday, December 29th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $1.48 annualized dividend and a dividend yield of 13.24%. Ellington Residential Mortgage REIT’s payout ratio is currently 160.87%.

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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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