ELLINGTON RESIDENTIAL MORTGAGE REIT Outperforms Street Estimate with Q4 EPS of $0.25 in 2023.
March 18, 2023
Trending News 🌥️
Ellington Residential Mortgage ($NYSE:EARN) REIT has exceeded expectations with their fourth quarter earnings of $0.25 per share. This is higher than the analysts’ estimates of $0.22 per share, demonstrating the company’s success and growth this quarter. The company has attributed to the success of their fourth quarter to the increase in net income and an increase in the weighted average yield on their investments.
Additionally, Ellington Residential Mortgage REIT’s strong asset portfolio further strengthened the company’s financial position. The company’s ability to outperform market expectations and generate positive returns will continue to benefit investors in the long run. As such, analysts anticipate further growth and success of the company in the upcoming quarters.
Stock Price
On Monday, ELLINGTON RESIDENTIAL MORTGAGE REIT stock opened at $7.0 and closed at $7.1, up by 0.6% from the previous closing price of 7.1. This marks a solid performance for the company, outperforming the street estimates of $0.25 in earnings per share (EPS) for their fourth quarter of 2023. This is a notable achievement for the company, as it illustrates their ability to meet the expectations of investors despite challenging economic conditions. The strong earnings indicate that ELLINGTON RESIDENTIAL MORTGAGE REIT has been able to effectively manage its finances and successfully execute on its strategic plans.
Furthermore, the positive results have reinforced the confidence of investors in the company’s future prospects. This is especially important given the ongoing uncertainty in the housing market and the potential for further disruption due to the pandemic. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for EARN. More…
| Total Revenues | Net Income | Net Margin |
| -25.07 | -30.2 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for EARN. More…
| Operations | Investing | Financing |
| 22.42 | 110.55 | -167.18 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for EARN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.05k | 941.22 | 8.4 |
Key Ratios Snapshot
Some of the financial key ratios for EARN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
As an investor, if you’re looking for a reliable and consistent dividend payout, then ELLINGTON RESIDENTIAL MORTGAGE REIT is the company for you. After analyzing their financials with GoodWhale, we conclude that ELLINGTON RESIDENTIAL MORTGAGE REIT is classified as a ‘cow’ – meaning the company has a track record of paying out consistent and sustainable dividends. According to our Star Chart, ELLINGTON RESIDENTIAL MORTGAGE REIT is strong in dividend, medium in asset, growth and profitability. This makes it an ideal investment for those looking for a steady return on their investment. Additionally, ELLINGTON RESIDENTIAL MORTGAGE REIT has a high health score of 7/10 considering its cashflows and debt. This indicates that the company is capable to sustain future operations even in times of crisis. Overall, ELLINGTON RESIDENTIAL MORTGAGE REIT is an attractive investment opportunity for investors looking for a steady return on their investments. More…
Peers
They are up against New York Mortgage Trust Inc, AG Mortgage Investment Trust Inc, and MFA Financial Inc, to name a few. All of these companies are fighting for a piece of the pie, and each has their own strengths and weaknesses. It will be interesting to see how this plays out in the coming years.
– New York Mortgage Trust Inc ($NASDAQ:NYMT)
New York Mortgage Trust Inc. is a real estate investment trust, which focuses on investing in, financing and managing residential mortgage loans, residential mortgage-backed securities and other real estate-related investments. The company has a market cap of 1.04B as of 2022. The company was founded in 1989 and is headquartered in New York, NY.
– AG Mortgage Investment Trust Inc ($NYSE:MITT)
PennyMac Mortgage Investment Trust Inc. is a mortgage real estate investment trust (REIT) that invests primarily in residential mortgage loans and residential mortgage-backed securities. The company has a market cap of 121.78M as of 2022.
– MFA Financial Inc ($NYSE:MFA)
MFA Financial Inc is a real estate investment trust that focuses on investing in residential mortgage assets. As of December 31, 2020, the Company’s portfolio consisted of agency residential mortgage-backed securities, non-agency securities, commercial real estate loans and other investments.
Summary
The strong performance has been attributed to increased demand for mortgage loans and higher utilization rates for the loan portfolio. Overall, the company has demonstrated its ability to generate strong returns for its investors and is well positioned for future growth.
Related Posts
Recent Posts
