Ellington Residential Mortgage REIT (EARN) Set to Announce Quarterly Earnings on Tuesday

Ellington Residential Mortgage REIT (NYSE:EARN) will be releasing its earnings data after the market closes on Tuesday, May 14th. Analysts expect Ellington Residential Mortgage REIT to post earnings of $0.24 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Ellington Residential Mortgage REIT Trading Down 0.1 %

EARN traded down $0.01 on Tuesday, hitting $7.13. 49,165 shares of the stock traded hands, compared to its average volume of 246,215. The business has a fifty day moving average price of $6.59 and a two-hundred day moving average price of $6.18. The firm has a market capitalization of $141.32 million, a PE ratio of 27.44 and a beta of 1.86. Ellington Residential Mortgage REIT has a 52 week low of $5.09 and a 52 week high of $7.64.

Ellington Residential Mortgage REIT Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 30th will be issued a $0.08 dividend. This represents a $0.96 annualized dividend and a yield of 13.46%. The ex-dividend date of this dividend is Monday, April 29th. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is presently 369.24%.

Analyst Upgrades and Downgrades

EARN has been the subject of a number of analyst reports. JMP Securities reissued a “market perform” rating on shares of Ellington Residential Mortgage REIT in a report on Thursday, April 18th. StockNews.com raised Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Thursday, March 7th.

About Ellington Residential Mortgage REIT

Ellington Residential Mortgage REIT, a real estate investment trust, acquires, invests in, and manages 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, such as non-agency CMOs, such as investment grade and non-investment grade.