Ellington Residential Mortgage REIT (EARN) Getting Somewhat Positive Media Coverage, Analysis Finds

News coverage about Ellington Residential Mortgage REIT (NYSE:EARN) has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a daily sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.2901622072661 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the headlines that may have impacted Accern’s rankings:

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) remained flat at $$12.83 during mid-day trading on Thursday. 106,600 shares of the stock traded hands, compared to its average volume of 107,068. The stock has a market cap of $171.10, a price-to-earnings ratio of 6.75 and a beta of 0.60. Ellington Residential Mortgage REIT has a 12-month low of $12.50 and a 12-month high of $15.74.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the 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%. equities analysts expect that Ellington Residential Mortgage REIT will post 1.86 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 29th will be issued a $0.37 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.48 annualized dividend and a yield of 11.54%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is currently 148.15%.

Several equities research analysts have issued reports on the stock. Zacks Investment Research cut shares of Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a research note on Thursday, September 7th. BidaskClub cut shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, November 3rd.

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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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