27-Mar-2024
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Ellington Residential Declares Monthly Common Dividend
Business Wire (Thu, 7-Mar 4:19 PM ET)
Ellington Residential Mortgage REIT Reports Fourth Quarter 2023 Results
Business Wire (Wed, 6-Mar 4:35 PM ET)
Business Wire (Fri, 16-Feb 8:30 AM ET)
Ellington Residential Mortgage REIT Announces the Income Tax Treatment of its 2023 Distributions
Business Wire (Thu, 1-Feb 9:04 AM ET)
Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for its shareholders by investing in assets that compensate appropriately for the risks associated with them.
Ellington Residential Mortgage REIT Common Shares Of Beneficial Interest trades on the NYSE stock market under the symbol EARN.
As of March 27, 2024, EARN stock price climbed to $6.87 with 276,991 million shares trading.
EARN has a beta of 1.44, meaning it tends to be more sensitive to market movements. EARN has a correlation of 0.39 to the broad based SPY ETF.
EARN has a market cap of $136.16 million. This is considered a Micro Cap stock.
Last quarter Ellington Residential Mortgage REIT Common Shares Of Beneficial Interest reported $377,000 in Revenue and $.27 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.04.
In the last 3 years, EARN stock traded as high as $13.92 and as low as $5.09.
The top ETF exchange traded funds that EARN belongs to (by Net Assets): VTI, VXF, RIET, IWC.
EARN stock has underperformed the market in the last year with a return of +10.0%, while SPY returned +33.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in EARN shares. However, EARN has outperformed the market in the last 3 month and 2 week periods, returning +13.8% and +9.4%, while SPY returned +10.1% and +1.7%, respectively. This indicates EARN has been having a stronger performance recently.
EARN support price is $6.56 and resistance is $6.80 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that EARN stock will trade within this expected range on the day.