Equities research analysts expect that Ellington Residential Mortgage REIT (NYSE:EARN) will post $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Ellington Residential Mortgage REIT’s earnings. Ellington Residential Mortgage REIT posted earnings per share of $0.40 in the same quarter last year, which would suggest a negative year-over-year growth rate of 22.5%. The company is scheduled to announce its next quarterly earnings report on Thursday, February 14th.

On average, analysts expect that Ellington Residential Mortgage REIT will report full year earnings of $1.33 per share for the current fiscal year. For the next year, analysts expect that the firm will post earnings of $1.10 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Ellington Residential Mortgage REIT.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05). Ellington Residential Mortgage REIT had a negative net margin of 1.77% and a positive return on equity of 10.35%. The company had revenue of $4.65 million for the quarter.

EARN has been the topic of several recent analyst reports. TheStreet upgraded Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a research report on Thursday, August 30th. Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Monday. Finally, ValuEngine upgraded Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research report on Friday, November 16th.

NYSE EARN traded up $0.05 during trading hours on Friday, hitting $11.48. 1,081 shares of the company’s stock were exchanged, compared to its average volume of 60,772. Ellington Residential Mortgage REIT has a 12-month low of $10.23 and a 12-month high of $13.07. The company has a market capitalization of $142.87 million, a PE ratio of 6.38 and a beta of 0.55.

In other Ellington Residential Mortgage REIT news, major shareholder Holdings L.P. Blackstone III bought 10,231 shares of Ellington Residential Mortgage REIT stock in a transaction that occurred on Monday, November 26th. The shares were purchased at an average cost of $11.05 per share, for a total transaction of $113,052.55. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 104,428 shares of company stock worth $1,136,957 over the last quarter. 2.00% of the stock is currently owned by company insiders.

Several institutional investors have recently added to or reduced their stakes in EARN. FMR LLC raised its holdings in shares of Ellington Residential Mortgage REIT by 38.3% in the 3rd quarter. FMR LLC now owns 529,000 shares of the real estate investment trust’s stock worth $5,972,000 after purchasing an additional 146,400 shares during the period. Millennium Management LLC purchased a new position in shares of Ellington Residential Mortgage REIT in the 2nd quarter worth about $964,000. Blackstone Group L.P. raised its holdings in shares of Ellington Residential Mortgage REIT by 2.8% in the 3rd quarter. Blackstone Group L.P. now owns 3,005,829 shares of the real estate investment trust’s stock worth $33,936,000 after purchasing an additional 81,306 shares during the period. Wolverine Asset Management LLC raised its holdings in shares of Ellington Residential Mortgage REIT by 14.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 570,635 shares of the real estate investment trust’s stock worth $6,219,000 after purchasing an additional 70,108 shares during the period. Finally, Paloma Partners Management Co purchased a new position in shares of Ellington Residential Mortgage REIT in the 2nd quarter worth about $485,000. Institutional investors own 61.33% of the company’s stock.

About Ellington Residential Mortgage REIT

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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