EARN Stock Recent News

OLD GREENWICH, Conn.--(BUSINESS WIRE)--Ellington Residential Mortgage REIT (NYSE: EARN) (the "Company") today announced that it will release financial results for the quarter ended March 31, 2023 after market close on Thursday, May 11, 2023. The Company will host a conference call to discuss its financial results at 11:00 a.m. Eastern Time on Friday, May 12, 2023. To participate in the event by telephone, please dial (800) 267-6316 at least 10 minutes prior to the start time and reference the c.

Ellington Residential (EARN) delivered earnings and revenue surprises of 25% and 114.91%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

U.S. equity markets posted broad-based gains after the closely-watched CPI inflation report showed signs of easing inflationary pressures, strengthening the case for the Fed to slow its pace of rate hikes. Pushing its year-to-date gains to above 4% following a dismal year of performance in 2022, the S&P 500 advanced 2.7% on the week while the tech-heavy Nasdaq 100 rallied 4.5%.

Prior to December 30, 2022, readers mentioned 40 equities in their recent comments. Some lamented bad news, so bad news investments (rogues) mixed with (mostly) favorites. (Thus, these are ReFa/Ro.). Ten analyst-target-estimated top-net-gain Re/Fa/Ro: OILK, VZ, EARN, WBA, HIMX, FSK, USOI, TRIN, GNK, and ORC, averaged 34.13% net gains from data collected 1/9/23.

Ellington Residential lost more than one-third of its book value this year. The trust's portfolio and net interest spread are under pressure from the central bank and a steepening yield curve.

Ellington Residential Mortgage REIT (NYSE:EARN ) Q3 2022 Earnings Conference Call November 10, 2022 11:00 AM ET Company Participants Jason Frank - Deputy General Counsel and Secretary Laurence Penn - Chief Executive Officer, President and Trustee Christopher Smernoff - Chief Financial Officer Mark Tecotzky - Co-Chief Investment Officer Conference Call Participants Crispin Love - Piper Sandler Doug Harter - Credit Suisse Ethan Saghi - BTIG Mikhail Goberman - JMP Securities Operator Good morning, ladies and gentlemen. Thank you for standing by.

Ellington Residential (EARN) delivered earnings and revenue surprises of 0% and 5.25%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Ellington Residential Mortgage REIT's yield is over 15% now, and will be higher if the stock falls, giving you some protection to the downside. The Federal Reserve's super aggressive response to high inflation continues to drive markets, but it has resulted in extreme volatility in interest rates, which has weighed on real estate companies like Ellington.

OLD GREENWICH, Conn.

As Ellington Residential Mortgage REIT is an mREIT, the action the Federal Reserve has taken the last few months has weighed heavily. The book value got crushed as holdings in the port were decimated.