Media coverage about Ellington Residential Mortgage REIT (NYSE:EARN) has been trending somewhat positive on Sunday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Ellington Residential Mortgage REIT earned a coverage optimism score of 0.17 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 48.0990956903006 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
A number of analysts recently commented on the company. Zacks Investment Research lowered Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine lowered Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Wednesday, June 6th.
EARN traded down $0.02 during midday trading on Friday, reaching $11.21. 57,519 shares of the company were exchanged, compared to its average volume of 68,380. The firm has a market capitalization of $142.51 million, a P/E ratio of 6.23 and a beta of 0.50. Ellington Residential Mortgage REIT has a one year low of $10.23 and a one year high of $14.95.
Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.36 EPS for the quarter, hitting analysts’ consensus estimates of $0.36. The firm had revenue of $6.41 million during the quarter. Ellington Residential Mortgage REIT had a return on equity of 9.27% and a net margin of 14.42%. analysts expect that Ellington Residential Mortgage REIT will post 1.39 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 25th. Shareholders of record on Friday, June 29th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 13.20%. The ex-dividend date was Thursday, June 28th. Ellington Residential Mortgage REIT’s dividend payout ratio is currently 82.22%.
In related news, major shareholder Holdings L.P. Blackstone III acquired 19,444 shares of the firm’s stock in a transaction on Friday, June 1st. The stock was purchased at an average cost of $11.55 per share, with a total value of $224,578.20. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ronald I. Simon bought 3,761 shares of the business’s stock in a transaction dated Wednesday, May 23rd. The stock was acquired at an average price of $11.44 per share, for a total transaction of $43,025.84. The disclosure for this purchase can be found here. Insiders have acquired a total of 142,375 shares of company stock valued at $1,616,258 over the last three months. Corporate insiders own 2.00% of the company’s stock.
Ellington Residential Mortgage REIT Company Profile
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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