Ellington Residential Mortgage REIT said on April 10, 2023 that its board of directors declared a regular
monthly dividend of $0.08 per share ($0.96 annualized).
Previously, the company paid $0.08 per share.
Shares must be purchased before the ex-div date of April 27, 2023 to qualify for the dividend.
Shareholders of record as of April 28, 2023
will receive the payment on May 25, 2023.
At the current share price of $7.13 / share,
the stock’s dividend yield is 13.46%.
Looking back five years and taking a sample every week, the average dividend yield has been
11.67%,
the lowest has been 8.60%,
and the highest has been 28.07%.
The standard deviation of yields is 2.35 (n=223).
The current dividend yield is
0.77 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is -0.44.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is -0.14%.
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What is the Fund Sentiment?
There are 76 funds or institutions reporting positions in Ellington Residential Mortgage REIT.
This is a decrease
of
5
owner(s) or 6.17% in the last quarter.
Average portfolio weight of all funds dedicated to EARN is 0.03%,
a decrease
of 36.03%.
Total shares owned by institutions decreased
in the last three months by 7.15% to 3,087K shares.
The put/call ratio of EARN is 0.19, indicating a
bullish
outlook.
Analyst Price Forecast Suggests 14.45% Upside
As of April 6, 2023,
the average one-year price target for Ellington Residential Mortgage REIT is $8.16.
The forecasts range from a low of $8.08 to a high of $8.40.
The average price target represents an increase of 14.45% from its latest reported closing price of $7.13.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Ellington Residential Mortgage REIT
is $18MM, a decrease of 8.77%.
The projected annual non-GAAP EPS
is $1.03.
What are Other Shareholders Doing?
Citadel Advisors
holds 39K shares
representing 0.28% ownership of the company.
In it’s prior filing, the firm reported owning 15K shares, representing
an increase
of 61.05%.
The firm
increased
its portfolio allocation in EARN by 194.76% over the last quarter.
Claybrook Capital
holds 40K shares
representing 0.29% ownership of the company.
In it’s prior filing, the firm reported owning 112K shares, representing
a decrease
of 179.60%.
The firm
decreased
its portfolio allocation in EARN by 99.96% over the last quarter.
Vanguard Group
holds 815K shares
representing 5.91% ownership of the company.
In it’s prior filing, the firm reported owning 716K shares, representing
an increase
of 12.11%.
The firm
increased
its portfolio allocation in EARN by 17.09% over the last quarter.
VEXMX – Vanguard Extended Market Index Fund Investor Shares
holds 209K shares
representing 1.52% ownership of the company.
In it’s prior filing, the firm reported owning 209K shares, representing
an increase
of 0.16%.
The firm
increased
its portfolio allocation in EARN by 7.32% over the last quarter.
TCAAX – Thrivent Moderately Conservative Allocation Fund
holds 2K shares
representing 0.01% ownership of the company.
In it’s prior filing, the firm reported owning 2K shares, representing
a decrease
of 29.05%.
The firm
decreased
its portfolio allocation in EARN by 12.41% over the last quarter.
Ellington Residential Mortgage REIT Background Information
(This description is provided by the company.)
Ellington Residential Mortgage REIT is a mortgage real estate investment trust 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. Ellington Residential Mortgage REIT is externally managed and advised by Ellington Residential Mortgage Management LLC, an affiliate of Ellington Management Group, L.L.C.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
