Ellington Residential Mortgage REIT (EARN) Expected to Announce Earnings of $0.43 Per Share

Equities analysts predict that Ellington Residential Mortgage REIT (NYSE:EARN) will report earnings of $0.43 per share for the current fiscal quarter, according to Zacks. Zero analysts have issued estimates for Ellington Residential Mortgage REIT’s earnings. Ellington Residential Mortgage REIT posted earnings per share of $0.47 during the same quarter last year, which indicates a negative year over year growth rate of 8.5%. The firm is scheduled to announce its next earnings results on Thursday, February 8th.

On average, analysts expect that Ellington Residential Mortgage REIT will report full-year earnings of $1.86 per share for the current fiscal year. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.51 per share. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.02). The company had revenue of $7.15 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 12.02% and a net margin of 40.44%.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Tuesday. BidaskClub downgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, November 3rd.

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Ellington Residential Mortgage REIT during the third quarter worth $109,000. New York State Common Retirement Fund acquired a new stake in Ellington Residential Mortgage REIT during the second quarter worth $130,000. Cubist Systematic Strategies LLC acquired a new stake in Ellington Residential Mortgage REIT during the second quarter worth $155,000. Menta Capital LLC acquired a new stake in Ellington Residential Mortgage REIT during the second quarter worth $170,000. Finally, Balyasny Asset Management LLC acquired a new stake in Ellington Residential Mortgage REIT during the second quarter worth $201,000. Hedge funds and other institutional investors own 66.67% of the company’s stock.

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) traded up $0.16 during trading on Tuesday, hitting $11.56. 116,311 shares of the stock traded hands, compared to its average volume of 179,200. The firm has a market capitalization of $154.03, a P/E ratio of 10.70 and a beta of 0.60. Ellington Residential Mortgage REIT has a twelve month low of $11.39 and a twelve month high of $15.74.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.37 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 12.80%. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 137.04%.

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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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