News coverage about Ellington Residential Mortgage REIT (NYSE:EARN) has been trending somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ellington Residential Mortgage REIT earned a media sentiment score of 0.04 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 45.1562006573846 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Ellington Residential Mortgage REIT (EARN) Major Shareholder Holdings L.P. Blackstone III Buys 7,841 Shares (americanbankingnews.com)
- Here’s how analysts see Ellington Residential Mortgage REIT (NYSE:EARN) after this past week. (ontariocanews.com)
- Ellington Residential Mortgage REIT (EARN) Expected to Announce Earnings of $0.39 Per Share (americanbankingnews.com)
- Form 4 Ellington Residential For: Mar 06 Filed by: SCHWARZMAN STEPHEN A (streetinsider.com)
- Ellington Residential Mortgage REIT (EARN) Major Shareholder Buys $119,513.55 in Stock (americanbankingnews.com)
A number of research analysts have issued reports on the company. ValuEngine lowered Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a research report on Thursday, March 1st. Zacks Investment Research lowered Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, February 14th. Finally, TheStreet lowered Ellington Residential Mortgage REIT from a “c” rating to a “d+” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $15.00.
Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings results on Thursday, February 8th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.03). Ellington Residential Mortgage REIT had a return on equity of 12.07% and a net margin of 35.79%. The business had revenue of $6.98 million for the quarter. research analysts expect that Ellington Residential Mortgage REIT will post 1.47 EPS for the current fiscal year.
Ellington Residential Mortgage REIT announced that its board has approved a share buyback program on Thursday, February 8th that permits the company to repurchase 1,200,000 outstanding shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Thursday, March 29th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 12.82%. The ex-dividend date of this dividend is Wednesday, March 28th. Ellington Residential Mortgage REIT’s dividend payout ratio is presently 162.64%.
In other news, major shareholder Holdings L.P. Blackstone III acquired 18,002 shares of the company’s stock in a transaction dated Tuesday, March 6th. The shares were bought at an average price of $10.81 per share, with a total value of $194,601.62. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders bought a total of 36,698 shares of company stock worth $403,738 in the last three months. Company insiders own 2.70% of the company’s stock.
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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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