Ellington Residential Mortgage REIT (EARN) Releases Earnings Results, Misses Expectations By $0.05 EPS

Ellington Residential Mortgage REIT (NYSE:EARN) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.05), Fidelity Earnings reports. The firm had revenue of $4.65 million during the quarter. Ellington Residential Mortgage REIT had a net margin of 14.42% and a return on equity of 9.27%.

EARN opened at $10.73 on Wednesday. Ellington Residential Mortgage REIT has a 52-week low of $10.23 and a 52-week high of $13.14. The stock has a market cap of $132.99 million, a P/E ratio of 5.96 and a beta of 0.55.

The company also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Friday, September 28th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 13.79%. Ellington Residential Mortgage REIT’s dividend payout ratio (DPR) is 82.22%.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a report on Tuesday, October 9th. TheStreet upgraded Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a report on Thursday, August 30th. Finally, ValuEngine upgraded Ellington Residential Mortgage REIT from a “strong sell” rating to a “sell” rating in a report on Wednesday, August 15th.

In related news, major shareholder Holdings L.P. Blackstone III bought 7,603 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The shares were acquired at an average price of $11.67 per share, for a total transaction of $88,727.01. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 91,996 shares of company stock worth $1,041,996 in the last quarter. 2.00% of the stock is currently owned by corporate insiders.

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

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