Ellington Residential Mortgage REIT (EARN): Multiple analysts giving recommendations

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Ellington Residential Mortgage REIT (NYSE:EARN) changes shares on Tuesday trading session, with a change of 2.85% or $0.3 shares. The trading starts at $10.88 and closed at $10.52 throughout the day. The trading session low price was $10.55 and day high was $11.02 on Tuesday, June 16. After the session, the Real Estate sector daily volume shifted to 0.1 million while its average volume is 121.63K. In other hand, the EARN market cap reached to $125.19M. While, its current target price is $10.82 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is up 1.60% and up 18.90% for month. Its quarterly performance was 55.01% above, while its half year performance is down -3.82%. EARN yearly performance stood at negative -1.19% and fall -0.28% for year-to-date. Current recommendation for Ellington Residential Mortgage REIT is 2.50.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. EARN EPS (TTM) for 12-month is -0.28. EPS for this year is 302.60%, while for the next year its value is 0.90. Its EPS Q/Q reached -288.10%. It has an EPS of 0.20% up for past five years and for the next five years will be down -9.28%.

Let’s take a look on the analyst recommendations on EARN for the current month and previous month. For the current month, 1 of 2 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 1 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $11.00-$11.50. Average target price for EARN was reached at $11.25.

Blackstone Group Inc., Renaissance Technologies, LLC and Vanguard Group, Inc. (The) are the top three holders in Ellington Residential Mortgage REIT (EARN) stock. On Mar 30, 2020, Blackstone Group Inc. has 3.1 million shares which valued 16.45 million. On Mar 30, 2020, Renaissance Technologies, LLC owned 0.9 million shares which valued at 4.76 million. On Mar 30, 2020, Vanguard Group, Inc. (The) has a total of 0.76 million shares which valued at 4.01 million. In the end, Vanguard Group, Inc. (The) have 6.14% shares outstanding of Ellington Residential Mortgage REIT (EARN) on Mar 30, 2020. The insider ownership moved to 0.10% and institutional holding shifted to 65.40%.

The company posted an EPS (TTM) of -0.28. According to the most recent quarter report on (Jun 2020), 2 analysts estimated an average EPS of 0.25, while 0.22 EPS posted a year ago period. Analyst Estimated EPS for EARN published in the report was 0.22-0.27 during the same period. Comparing with last year, the average estimated EPS was 0.22 which is lower than 0.27 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for EARN rise 8.67% for period of 200 days. SMA for 50 days was 22.17% which is showing green signal, while SMA-20 was 9.08%. The moving average value for Ellington Residential Mortgage REIT (EARN) is 9.61 and 9.54 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in EARN stock. On Jun 15, Blackstone Holdings III L.P., 10% Owner, bought 200 trading shares at the cost of $10.09, which valued at 2018.0. On Jun 12, Blackstone Holdings III L.P., 10% Owner, bought 14,633 shares at the cost of $10.23, with total shares of 3,303,378. On Jun 11, Blackstone Holdings III L.P., 10% Owner, bought 32,179 shares at the cost of 9.95. After this transaction, Blackstone Holdings III L.P. total shares reached to 3,288,745 which valued at 0.32 million.