News coverage about Ellington Residential Mortgage REIT (NYSE:EARN) has been trending somewhat positive this week, AlphaOne Sentiment Analysis reports. The research group, a service of Accern, rates the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. AlphaOne 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 0.13 on AlphaOne’s scale. AlphaOne also gave media coverage about the real estate investment trust an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
EARN has been the subject of several research analyst reports. Credit Suisse Group AG restated a “hold” rating and set a $14.00 price target on shares of Ellington Residential Mortgage REIT in a research note on Friday, February 10th. Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Monday, May 8th.
Shares of Ellington Residential Mortgage REIT (NYSE:EARN) traded up 0.07% during midday trading on Friday, reaching $14.30. The company’s stock had a trading volume of 370,415 shares. The stock has a 50-day moving average price of $14.85 and a 200 day moving average price of $13.85. Ellington Residential Mortgage REIT has a 52 week low of $12.21 and a 52 week high of $15.69. The stock has a market capitalization of $130.56 million, a PE ratio of 9.19 and a beta of 0.58.
Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings data on Tuesday, May 2nd. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.04. Ellington Residential Mortgage REIT had a return on equity of 12.70% and a net margin of 49.15%. The business had revenue of $9.15 million during the quarter. Equities analysts forecast that Ellington Residential Mortgage REIT will post $1.83 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 25th. Investors of record on Friday, March 31st were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, March 29th. This represents a $1.60 annualized dividend and a dividend yield of 11.20%. Ellington Residential Mortgage REIT’s dividend payout ratio is 123.08%.
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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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