Ellington Residential Mortgage REIT (NYSE:EARN) will be announcing its earnings results after the market closes on Thursday, November 2nd. Analysts expect the company to announce earnings of $0.46 per share for the quarter.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. Ellington Residential Mortgage REIT had a return on equity of 12.25% and a net margin of 44.93%. The firm had revenue of $6.86 million for the quarter. On average, analysts expect Ellington Residential Mortgage REIT to post $1.89 EPS for the current fiscal year and $1.68 EPS for the next fiscal year.

Shares of Ellington Residential Mortgage REIT (NYSE EARN) opened at 13.38 on Wednesday. The company has a 50-day moving average price of $14.39 and a 200-day moving average price of $14.66. Ellington Residential Mortgage REIT has a 1-year low of $12.26 and a 1-year high of $15.74. The stock has a market cap of $176.68 million, a price-to-earnings ratio of 10.37 and a beta of 0.64.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 25th. Investors of record on Friday, September 29th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 11.96%. The ex-dividend date was Thursday, September 28th. Ellington Residential Mortgage REIT’s payout ratio is 121.21%.

EARN has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Deutsche Bank AG decreased their price objective on shares of Ellington Residential Mortgage REIT from $14.50 to $14.00 and set a “hold” rating for the company in a research note on Wednesday, August 2nd.

A hedge fund recently bought a new stake in Ellington Residential Mortgage REIT stock. California State Teachers Retirement System acquired a new position in Ellington Residential Mortgage REIT (NYSE:EARN) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 14,700 shares of the real estate investment trust’s stock, valued at approximately $216,000. California State Teachers Retirement System owned 0.11% of Ellington Residential Mortgage REIT as of its most recent filing with the SEC. 66.32% of the stock is owned by institutional investors and hedge funds.

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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.

Earnings History for Ellington Residential Mortgage REIT (NYSE:EARN)

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