Ellington Residential Mortgage REIT | REIT Profile

Symbol: EARN
CIK: 1560672
Exchange: NYSE
Founded: 2012 (10 years)
HQ: Old Greenwich, CT, United States
Type of REIT: Mortgage REIT
Listing Status: Public
Market Capitalization: Micro-Cap
REIT Sector: Mortgage

See EARN on Google Finance
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See EARN on SEC.gov

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Overall Score: 4.0

See score breakdown | See trend

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. Learn More


Ellington Residential Mortgage REIT Company Logo

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Hightlights of Trading Day January 20, 2022


Open Price: $10.73
Closing Price: $10.52
Price Change: -0.13 (-1.221%)
Lowest Price: $10.49
Highest Price: $10.73

52-Week Low: $9.72
52-Week High: $12.88
52-Week Change: -2.98%

5 Day Price Change: -2.38%
1 Month Price Change: 6.01%
3 Month Price Change: -10.61%
6 Month Price Change: 2.59%
YTD Price Change: 2.50%
1 Year Price Change: -1.69%
2 Year Price Change: 21.70%
5 Year Price Change: 44.43%

Dividend of Trading Day January 20, 2022


Dividend Yield: 11.407%*
Annualized Dividend: $1.2*
Dividend Yield (TTM): 10.642%
Annualized Dividend (TTM): $1.1333
Ex-Dividend Date: 2021-12-29
Next Ex-Dividend: 2022-01-28
Dividend Frequency: Monthly

*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.

Latest News Headlines


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Key Stats of Trading Day January 20, 2022


Total Cash: N/A
Current Debt: N/A
Revenue: N/A
Gross Profit: N/A
Total Revenue: N/A
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): N/A
Revenue Per Share: N/A
Revenue Per Employee: N/A
Employee: N/A
Debt to Equity Ratio (D/E): N/A
Profit Margin: N/A
Enterprise Value (EV): N/A
Enterprise Value to Revenue (EV/R): N/A
Price to Sales (P/S): N/A
Price to Book (P/B): N/A
Price/Earnings-to-Growth (PEG) Ratio: N/A
P/E Ratio: N/A
P/E High: N/A
P/E Low: N/A
Forward P/E Ratio: N/A
Market Capitalization: $136,079,966
Beta: 0.67
Latest Volume: 106,656
Avg. Total Volume: 161,118
Avg. 10-Day Volume: 137,002
Avg. 30-Day Volume: 161,118
TTM EPS: N/A
Shares Outstanding: 12,935,358
Float: N/A
50-Day Moving Avg.: $10.65
200-Day Moving Avg.: $10.97

REIT Simulation


Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.

With $1,000 USD With $500 USD With $250 USD With $100 USD With $50 USD
Initial investment @ $11.00 per share you would have been able to buy 90 shares of EARN on 2021-01-21 costing $990.00 @ $11.00 per share you would have been able to buy 45 shares of EARN on 2021-01-21 costing $495.00 @ $11.00 per share you would have been able to buy 22 shares of EARN on 2021-01-21 costing $242.00 @ $11.00 per share you would have been able to buy 9 shares of EARN on 2021-01-21 costing $99.00 @ $11.00 per share you would have been able to buy 4 shares of EARN on 2021-01-21 costing $44.00
Current worth On 2022-01-20 these 90 shares would be worth $946.80 @ $10.52 On 2022-01-20 these 45 shares would be worth $473.40 @ $10.52 On 2022-01-20 these 22 shares would be worth $231.44 @ $10.52 On 2022-01-20 these 9 shares would be worth $94.68 @ $10.52 On 2022-01-20 these 4 shares would be worth $42.08 @ $10.52
Dividends earned $131.40 in dividends would have been earned since 2021-01-21 with 90 shares. $66 in dividends would have been earned since 2021-01-21 with 45 shares. $32.12 in dividends would have been earned since 2021-01-21 with 22 shares. $13.14 in dividends would have been earned since 2021-01-21 with 9 shares. $5.84 in dividends would have been earned since 2021-01-21 with 45 shares.
Net (gain / loss)* 88.20 USD 44.10 USD 21.56 USD 8.82 USD 3.92 USD
ROI** 8.91% 8.91% 8.91% 8.91% 8.91%

*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.

Dividend History


Below are the most recent cash dividends paid by EARN. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.


Symbol Ex Date Cash Amount Change in Dividend Declaration Date Record Date Payment Date
EARN 2021-12-29 0.100 --- 2021-12-07 2021-12-30 2022-01-25
EARN 2021-11-29 0.100 --- 2021-11-05 2021-11-30 2021-12-27
EARN 2021-10-28 0.100 -66.67% 2021-10-07 2021-10-29 2021-11-26
EARN 2021-09-29 0.300 --- 2021-09-13 2021-09-30 2021-10-25
EARN 2021-06-29 0.300 7.14% 2021-06-09 2021-06-30 2021-07-26
EARN 2021-03-30 0.280 --- 2021-03-03 2021-03-31 2021-04-26
EARN 2020-12-30 0.280 --- 2020-12-17 2020-12-31 2021-01-25
EARN 2020-09-29 0.280 --- 2020-09-10 2020-09-30 2020-10-26
EARN 2020-06-29 0.280 --- 2020-06-10 2020-06-30 2020-07-27
EARN 2020-03-30 0.280 --- 2020-03-04 2020-03-31 2020-04-27
EARN 2019-12-30 0.280 --- 2019-12-13 2019-12-31 2020-01-27
EARN 2019-09-27 0.280 --- 2019-09-11 2019-09-30 2019-10-25
EARN 2019-06-27 0.280 -17.65% 2019-06-11 2019-06-28 2019-07-25
EARN 2019-03-28 0.340 --- 2019-03-04 2019-03-29 2019-04-25
EARN 2018-12-28 0.340 -8.11% 2018-12-11 2018-12-31 2019-01-25
EARN 2018-09-27 0.370 --- 2018-09-12 2018-09-28 2018-10-25
EARN 2018-06-28 0.370 --- 2018-06-13 2018-06-29 2018-07-25
EARN 2018-03-28 0.370 --- 2018-03-07 2018-03-29 2018-04-25
EARN 2017-12-28 0.370 -7.50% 2017-12-12 2017-12-29 2018-01-25
EARN 2017-09-28 0.400 --- 2017-09-12 2017-09-29 2017-10-25

Financial Statements Overview


The next Earnings Report for EARN is 2022-02-15

Balance Sheet | Quarterly

See Annual Balance Sheet | See Quarterly Balance Sheet

Amounts in USD ($)

Balance Sheet 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Current Cash 50,935,000 59,671,000 35,351,000 50,188,000
Receivables 0 0 0 0
Inventory 0 0 0 0
Current Assets 0 0 0 0
Current Assets (Other) 0 0 0 0
Short Term Investments 0 0 0 0
Long-term Investments 1,157,573,000 1,054,826,000 1,408,042,000 1,438,051,000
Property, Plant & Equipment Net 0 0 0 0
Goodwill 0 0 0 0
Intangible Assets 0 0 0 0
Other Assets 539,000 867,000 604,000 708,000
Net Tangible Assets 157,677,000 139,723,000 160,844,000 154,571,000
Total Assets 1,292,337,000 1,281,145,000 1,489,109,000 1,674,402,000
Accounts Payable 0 0 0 0
Liabilities (Other) 224,839,000 32,080,000 31,993,000 181,847,000
Current Liabilities (Other) 3,450,000 3,449,000 3,488,000 3,485,000
Total Current Liabilities 0 0 0 0
Current Long-term Debt 0 0 0 0
Long-term Debt 0 0 0 0
Total Liabilities 1,134,660,000 1,141,422,000 1,328,265,000 1,519,831,000
Minority Interest 0 0 0 0
Common Stock 12,319,616 12,319,616 12,455,758 12,448,421
Retained Earnings -71,937,000 -89,832,000 -69,638,000 -75,856,000
Treasury Stock 0 0 0 0
Capital Surplus 229,491,000 229,432,000 230,358,000 230,303,000
Shareholder Equity 157,677,000 139,723,000 160,844,000 154,571,000

Income Statement | Quarterly

See Annual Income Statement | See Quarterly Income Statement

Amounts in USD ($)

Income Statement 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Total Revenue 212,000 4,475,000 -6,670,000 10,187,000
Cost of Revenue 594,000 526,000 606,000 582,000
Gross Profit -382,000 3,949,000 -7,276,000 9,605,000
Research and Development 0 0 0 0
Selling General and Admin 0 0 0 0
Operating Expense 1,590,000 1,137,000 1,162,000 1,213,000
Operating Income 23,675,000 -10,645,000 16,945,000 12,549,000
Income Expense Net (Other) -2,330,000 -6,100,000 -7,239,000 -8,820,000
EBIT 23,675,000 -10,645,000 16,945,000 12,549,000
Interest Income 2,330,000 6,100,000 7,239,000 8,820,000
Pretax Income 21,345,000 -16,745,000 9,706,000 3,729,000
Income Tax 0 0 0 0
Minority Interest 0 0 0 0
Net Income 21,345,000 -16,745,000 9,706,000 3,729,000
Net Income Basic 21,345,000 -16,745,000 9,706,000 3,729,000

Cash Flow | Quarterly

See Annual Cash Flow | See Quarterly Cash Flow

Amounts in USD ($)

Cash Flow 2020-06-30 2020-03-31 2019-12-31 2019-09-30
Net Income 21,345,000 -16,745,000 9,706,000 3,729,000
Depreciation 0 0 0 0
Changes in Receivables 0 0 0 0
Changes in Inventories 0 0 0 0
Cash Change -8,736,000 24,320,000 -14,837,000 8,715,000
Cash Flow 3,554,000 5,560,000 4,472,000 3,925,000
Capital Expenditures 0 0 0 0
Investments 179,076,000 222,897,000 3,901,000 128,072,000
Investing Activity (Other) 5,912,000 -17,463,000 14,969,000 -3,861,000
Total Investing Cash Flows 185,736,000 205,710,000 28,358,000 124,211,000
Dividends Paid -3,449,000 -3,488,000 -3,485,000 -3,491,000
Net Borrowings -199,521,000 -186,930,000 -41,712,000 -104,059,000
Cash Flow Financing -198,026,000 -186,950,000 -47,667,000 -119,421,000
Financing Cash Flows (Other) 4,944,000 4,454,000 -2,470,000 -11,538,000
Exchange Rate Effect 0 0 0 0

About Ellington Residential Mortgage REIT


Ellington Residential Mortgage REIT ("EARN") is a mortgage real estate investment trust or "REIT" that specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets, with a primary focus on residential mortgage-backed securities for which the principal and interest payments are guaranteed by a U.S. Government agency or a U.S. Government-sponsored enterprise. EARN is externally managed and advised by Ellington Residential Mortgage Management LLC, an affiliate of Ellington Management Group, L.L.C. ("Ellington,") and was formed through an initial strategic venture between Ellington and a group of funds managed by an affiliate of The Blackstone Group LP.

REITRating™ Scorecard


Rating Dividend Section Avg. Rating
0 Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. 3.8
8 Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. 6.5
Rating AFFO & Efficiency Section Avg. Rating
Rating Leverage Section Avg. Rating
4 Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. 7.2
10 Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. 8.7
10 Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. 7.8
10 Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. 8.4
0 Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. 5.1
6 Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. 6.9
Rating Asset & Revenue Section Avg. Rating
0 Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. 6.2
2 Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. 6.2
Rating Properties Section Avg. Rating
Rating Market Cap Section Avg. Rating
2 Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. 5.5
4.0 Overall REITRating™ Score (See trend) 6.1

REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.

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Last updated: 2022-01-21 - v2.9