Ellington Residential (NYSE:EARN) Receives News Impact Score of 0.06

Press coverage about Ellington Residential (NYSE:EARN) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ellington Residential earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 45.5703239860719 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Shares of EARN stock traded up $0.11 during trading hours on Monday, reaching $11.01. The stock had a trading volume of 4,598 shares, compared to its average volume of 119,680. Ellington Residential has a 12 month low of $10.23 and a 12 month high of $15.74. The firm has a market capitalization of $145.41, a P/E ratio of 6.06 and a beta of 0.39.

Ellington Residential (NYSE:EARN) last released its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.03). Ellington Residential had a net margin of 35.79% and a return on equity of 11.73%. The firm had revenue of $6.98 million during the quarter. analysts anticipate that Ellington Residential will post 1.47 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 25th. Shareholders of record on Thursday, March 29th will be given a dividend of $0.37 per share. The ex-dividend date is Wednesday, March 28th. This represents a $1.48 annualized dividend and a yield of 13.44%. Ellington Residential’s payout ratio is presently 82.22%.

Ellington Residential announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 8th that authorizes the company to buyback 1,200,000 shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

EARN has been the subject of a number of research analyst reports. ValuEngine downgraded shares of Ellington Residential from a “strong-buy” rating to a “buy” rating in a report on Friday, February 2nd. TheStreet downgraded shares of Ellington Residential from a “c” rating to a “d+” rating in a research note on Friday, February 9th. Finally, Zacks Investment Research upgraded shares of Ellington Residential from a “sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Two investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.00.

In related news, major shareholder Holdings L.P. Blackstone III bought 18,002 shares of the company’s stock in a transaction on Tuesday, March 6th. The stock was acquired at an average cost of $10.81 per share, for a total transaction of $194,601.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have acquired 50,676 shares of company stock valued at $563,367. 2.00% of the stock is currently owned by company insiders.

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About Ellington Residential

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.

Insider Buying and Selling by Quarter for Ellington Residential (NYSE:EARN)

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