Somewhat Positive Press Coverage Somewhat Unlikely to Impact Ellington Residential Mortgage REIT (EARN) Stock Price

Media headlines about Ellington Residential Mortgage REIT (NYSE:EARN) have been trending somewhat positive on Saturday, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ellington Residential Mortgage REIT earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.4610232695517 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

A number of research analysts recently commented on EARN shares. Zacks Investment Research downgraded shares of Ellington Residential Mortgage REIT from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. BidaskClub downgraded shares of Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research report on Friday, November 3rd.

Shares of Ellington Residential Mortgage REIT (NYSE:EARN) traded down $0.11 on Friday, reaching $11.67. 70,665 shares of the company were exchanged, compared to its average volume of 131,586. Ellington Residential Mortgage REIT has a 52-week low of $11.39 and a 52-week high of $15.74. The stock has a market capitalization of $157.10, a P/E ratio of 10.91 and a beta of 0.59.

Ellington Residential Mortgage REIT (NYSE:EARN) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). Ellington Residential Mortgage REIT had a net margin of 40.44% and a return on equity of 12.02%. The company had revenue of $7.15 million for the quarter. equities research analysts forecast that Ellington Residential Mortgage REIT will post 1.86 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 29th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 12.68%. The ex-dividend date is Thursday, December 28th. Ellington Residential Mortgage REIT’s payout ratio is presently 138.32%.

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About Ellington Residential Mortgage REIT

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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