Ellington Residential Mortgage REIT (NYSE:EARN) issued its quarterly earnings results on Monday. The real estate investment trust reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.03), MarketWatch Earnings reports. Ellington Residential Mortgage REIT had a net margin of 169.02% and a return on equity of 9.12%.
NYSE:EARN opened at $12.65 on Tuesday. The firm has a market capitalization of $156.15 million, a price-to-earnings ratio of 6.95 and a beta of 1.88. The business has a 50 day simple moving average of $12.36 and a 200-day simple moving average of $12.18. Ellington Residential Mortgage REIT has a 1 year low of $8.39 and a 1 year high of $13.30.
The business also recently declared a quarterly dividend, which was paid on Monday, April 26th. Investors of record on Wednesday, March 31st were given a $0.28 dividend. The ex-dividend date was Tuesday, March 30th. This represents a $1.12 annualized dividend and a yield of 8.85%.
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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