News stories about Ellington Residential Mortgage REIT (NYSE:EARN) have trended somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a coverage optimism score of 0.09 on Accern’s scale. Accern also gave news articles about the real estate investment trust an impact score of 45.3565375667455 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern Sentiment Analysis’s scoring:

NYSE EARN traded up $0.03 during trading hours on Tuesday, hitting $11.98. 2,443 shares of the company traded hands, compared to its average volume of 78,041. Ellington Residential Mortgage REIT has a twelve month low of $10.23 and a twelve month high of $14.95. The stock has a market capitalization of $152.03 million, a PE ratio of 6.66 and a beta of 0.50.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings results on Thursday, August 2nd. The real estate investment trust reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Ellington Residential Mortgage REIT had a return on equity of 9.27% and a net margin of 14.42%. The firm had revenue of $6.41 million during the quarter. sell-side analysts forecast that Ellington Residential Mortgage REIT will post 1.39 earnings per share for the current fiscal year.

EARN has been the subject of several recent research reports. ValuEngine cut Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 6th. Zacks Investment Research cut Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th. Finally, TheStreet raised Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a research report on Thursday, August 30th.

In other news, major shareholder Holdings L.P. Blackstone III bought 10,690 shares of the stock in a transaction dated Friday, August 10th. The shares were bought at an average price of $11.21 per share, for a total transaction of $119,834.90. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have bought 91,996 shares of company stock worth $1,041,996. 2.00% of the stock is owned by corporate insiders.

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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Insider Buying and Selling by Quarter for Ellington Residential Mortgage REIT (NYSE:EARN)

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