$0.43 EPS Expected for Ellington Residential Mortgage REIT (EARN)

January 13, 2018 - By Adrian Mccoy

 $0.43 EPS Expected for Ellington Residential Mortgage REIT (EARN)
Investors sentiment decreased to 2.11 in Q3 2017. Its down 4.75, from 6.86 in 2017Q2. It dropped, as 6 investors sold Ellington Residential Mortgage REIT shares while 12 reduced holdings. 11 funds opened positions while 27 raised stakes. 8.71 million shares or 45.20% less from 15.89 million shares in 2017Q2 were reported.
Bnp Paribas Arbitrage has invested 0% in Ellington Residential Mortgage REIT (NYSE:EARN). Geode Cap Management Limited Liability Company holds 0% or 72,811 shares in its portfolio. Strs Ohio owns 2,400 shares or 0% of their US portfolio. 1,965 were accumulated by Legal And General Grp Public Ltd Co. Deutsche Bank Ag has 0% invested in Ellington Residential Mortgage REIT (NYSE:EARN). Schwab Charles Inv, a California-based fund reported 14,200 shares. Barclays Public Limited owns 397 shares. Bessemer Gp, New Jersey-based fund reported 24,200 shares. Morgan Stanley invested 0% of its portfolio in Ellington Residential Mortgage REIT (NYSE:EARN). 46,033 are held by Mackenzie Finance. Wolverine Asset Ltd invested in 32,121 shares. Intl Gru holds 0% of its portfolio in Ellington Residential Mortgage REIT (NYSE:EARN) for 5,573 shares. Renaissance Technologies Limited Liability holds 0.02% or 997,000 shares. Vanguard Grp has invested 0% in Ellington Residential Mortgage REIT (NYSE:EARN). Royal State Bank Of Canada accumulated 25,221 shares.

Analysts expect Ellington Residential Mortgage REIT (NYSE:EARN) to report $0.43 EPS on February, 8.They anticipate $0.04 EPS change or 8.51 % from last quarter’s $0.47 EPS. EARN’s profit would be $5.73M giving it 6.78 P/E if the $0.43 EPS is correct. After having $0.43 EPS previously, Ellington Residential Mortgage REIT’s analysts see 0.00 % EPS growth. The stock decreased 0.93% or $0.11 during the last trading session, reaching $11.67. About 70,665 shares traded. Ellington Residential Mortgage REIT (NYSE:EARN) has risen 12.51% since January 13, 2017 and is uptrending. It has underperformed by 4.19% the S&P500.

Ellington Residential Mortgage REIT (NYSE:EARN) Ratings Coverage

Among 2 analysts covering Ellington Residential Mtg (NYSE:EARN), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Ellington Residential Mtg had 4 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Citigroup given on Monday, September 14. On Wednesday, August 2 the stock rating was maintained by Deutsche Bank with “Hold”. Citigroup maintained Ellington Residential Mortgage REIT (NYSE:EARN) rating on Friday, August 12. Citigroup has “Neutral” rating and $13 target. Deutsche Bank maintained Ellington Residential Mortgage REIT (NYSE:EARN) on Thursday, August 6 with “Hold” rating.

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. The company has market cap of $155.63 million. It acquires and manages residential mortgage-backed securities , 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. It has a 10.25 P/E ratio. The firm has elected to be taxed as a real estate investment trust.

More notable recent Ellington Residential Mortgage REIT (NYSE:EARN) news were published by: Businesswire.com which released: “Ellington Residential Mortgage REIT Announces Release Date of Third Quarter …” on October 26, 2017, also Seekingalpha.com with their article: “Ellington Residential Mortgage’s (EARN) CEO Laurence Penn on Q2 2017 Results …” published on August 02, 2017, Prnewswire.com published: “Ellington Residential Mortgage REIT Announces Tax Treatment of 2016 Dividend …” on January 30, 2017. More interesting news about Ellington Residential Mortgage REIT (NYSE:EARN) were released by: Nasdaq.com and their article: “Ellington Residential Mortgage REIT (EARN) Ex-Dividend Date Scheduled for …” published on December 27, 2017 as well as Seekingalpha.com‘s news article titled: “Ellington Residential Mortgage’s (EARN) CEO Laurence Penn on Q3 2017 Results …” with publication date: November 03, 2017.

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