Media stories about Ellington Residential Mortgage REIT (NYSE:EARN) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a news sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.9634482443705 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
A number of brokerages have recently commented on EARN. Zacks Investment Research downgraded shares of Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Deutsche Bank AG lowered their price target on shares of Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating for the company in a report on Wednesday, August 2nd.
Ellington Residential Mortgage REIT (NYSE EARN) traded up 0.55% during midday trading on Friday, reaching $14.50. 5,783 shares of the company were exchanged. The firm’s 50-day moving average price is $14.55 and its 200 day moving average price is $14.71. The stock has a market capitalization of $191.47 million, a price-to-earnings ratio of 11.24 and a beta of 0.64. Ellington Residential Mortgage REIT has a 52-week low of $12.26 and a 52-week high of $15.74.
Ellington Residential Mortgage REIT (NYSE:EARN) last released its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. Ellington Residential Mortgage REIT had a return on equity of 12.25% and a net margin of 44.93%. The firm had revenue of $6.86 million for the quarter. Equities analysts predict that Ellington Residential Mortgage REIT will post $1.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Investors of record on Friday, September 29th will be issued a $0.40 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.60 dividend on an annualized basis and a yield of 11.10%. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 121.21%.
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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.
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