Ellington Residential Mortgage REIT (NYSE:EARN) was the target of a significant increase in short interest during the month of December. As of December 29th, there was short interest totalling 941,600 shares, an increase of 38.8% from the December 15th total of 678,502 shares. Approximately 9.0% of the shares of the company are short sold. Based on an average daily volume of 151,716 shares, the short-interest ratio is currently 6.2 days.

Ellington Residential Mortgage REIT (NYSE EARN) opened at $11.46 on Monday. Ellington Residential Mortgage REIT has a 12 month low of $11.39 and a 12 month high of $15.74. The company has a market capitalization of $152.83, a P/E ratio of 10.61 and a beta of 0.60.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.02). Ellington Residential Mortgage REIT had a net margin of 40.44% and a return on equity of 12.02%. The business had revenue of $7.15 million for the quarter. analysts expect that Ellington Residential Mortgage REIT will post 1.86 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 25th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.48 dividend on an annualized basis and a yield of 12.91%. Ellington Residential Mortgage REIT’s payout ratio is 137.04%.

Several equities analysts recently commented on EARN shares. Zacks Investment Research downgraded Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub downgraded Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, November 3rd.

A number of hedge funds have recently modified their holdings of EARN. Schwab Charles Investment Management Inc. bought a new stake in Ellington Residential Mortgage REIT during the 2nd quarter valued at $209,000. Bank of New York Mellon Corp raised its holdings in Ellington Residential Mortgage REIT by 80.3% during the 2nd quarter. Bank of New York Mellon Corp now owns 52,475 shares of the real estate investment trust’s stock valued at $770,000 after acquiring an additional 23,377 shares during the period. Prudential Financial Inc. bought a new stake in Ellington Residential Mortgage REIT during the 2nd quarter valued at $202,000. JPMorgan Chase & Co. raised its holdings in Ellington Residential Mortgage REIT by 4,144.0% during the 2nd quarter. JPMorgan Chase & Co. now owns 319,958 shares of the real estate investment trust’s stock valued at $4,690,000 after acquiring an additional 312,419 shares during the period. Finally, Martingale Asset Management L P bought a new stake in Ellington Residential Mortgage REIT during the 2nd quarter valued at $1,033,000. 66.67% of the stock is currently owned by institutional investors and hedge funds.

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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.

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