Ellington Residential Mortgage REIT (EARN) Earning Somewhat Favorable Press Coverage, Analysis Shows

Headlines about Ellington Residential Mortgage REIT (NYSE:EARN) have trended somewhat positive this week, Alpha One Sentiment Analysis reports. The research firm, a subsidiary of Accern, rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Ellington Residential Mortgage REIT earned a media sentiment score of 0.13 on Alpha One’s scale. Alpha One also assigned headlines about the real estate investment trust an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.

Ellington Residential Mortgage REIT (NYSE:EARN) traded up 0.07% during trading on Friday, hitting $14.30. The stock had a trading volume of 370,415 shares. The stock’s 50-day moving average is $14.85 and its 200 day moving average is $13.85. The firm has a market cap of $130.56 million, a price-to-earnings ratio of 9.19 and a beta of 0.58. Ellington Residential Mortgage REIT has a one year low of $12.21 and a one year high of $15.69.

Ellington Residential Mortgage REIT (NYSE:EARN) last released its earnings results on Tuesday, May 2nd. The real estate investment trust reported $0.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.04. The firm had revenue of $9.15 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 12.70% and a net margin of 49.15%. Equities analysts anticipate that Ellington Residential Mortgage REIT will post $1.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 25th. Investors of record on Friday, March 31st were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, March 29th. This represents a $1.60 annualized dividend and a yield of 11.20%. Ellington Residential Mortgage REIT’s payout ratio is currently 123.08%.

A number of equities analysts have recently weighed in on EARN shares. Credit Suisse Group AG reiterated a “hold” rating and set a $14.00 price target on shares of Ellington Residential Mortgage REIT in a report on Friday, February 10th. Zacks Investment Research cut Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a report on Thursday, February 16th.

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Ellington Residential Mortgage REIT Company Profile

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.

5 Day Chart for NYSE:EARN

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