Ellington Residential Mortgage REIT (NYSE:EARN) will be releasing its earnings data after the market closes on Tuesday, August 4th. Persons interested in listening to the company’s earnings conference call can do so using this link.
Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings results on Tuesday, May 5th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. The firm had revenue of $3.78 million during the quarter. Ellington Residential Mortgage REIT had a positive return on equity of 7.44% and a negative net margin of 36.77%.
Shares of EARN opened at $11.05 on Friday. The company has a market cap of $136.14 million, a PE ratio of -39.46 and a beta of 1.88. The stock has a 50-day moving average price of $10.31 and a 200-day moving average price of $9.51. Ellington Residential Mortgage REIT has a 12-month low of $2.70 and a 12-month high of $11.88.
The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.28 per share. The ex-dividend date of this dividend was Monday, June 29th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 10.14%.
A number of brokerages have recently issued reports on EARN. TheStreet downgraded Ellington Residential Mortgage REIT from a “c-” rating to a “d” rating in a research report on Friday, May 8th. ValuEngine downgraded Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Monday, June 8th.
In other news, major shareholder Holdings L.P. Blackstone III bought 32,179 shares of the company’s stock in a transaction that occurred on Thursday, June 11th. The stock was bought at an average price of $9.95 per share, for a total transaction of $320,181.05. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders purchased a total of 192,523 shares of company stock valued at $1,870,646 in the last 90 days. 2.40% of the stock is currently owned by corporate insiders.
Ellington Residential Mortgage REIT Company Profile
Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS comprising non-agency CMOs, such as investment grade and non-investment grade.
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