Ticker Symbol: EARN
Seeking alpha link: Ellington Residential Mortgage REIT (EARN) Stock Price Today, Quote & News | Seeking Alpha
Yahoo finance link: Ellington Residential Mortgage REIT (EARN) Stock Price, News, Quote & History - Yahoo Finance
Marketwatch link: EARN Stock Price | Ellington Residential Mortgage REIT Stock Quote (U.S.: NYSE) | MarketWatch
SimplyWallStreet link: Ellington Residential Mortgage REIT (NYSE:EARN) - Share price, News & Analysis - Simply Wall St
Ellington Mortgage REIT is a Real Estate Investment Trust that deals in Mortgage Backed Securities, “non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities”, from Marketwatch.com.
The company is an above average yielder, but like most REITs out there, it has a rather high payout ratio. Distributions came along quarterly, but now it seems it will be on a monthly basis.
Sitting at 12.11$, just shy of the midpoint on its 52wk range.
The leadership team is highly educated, a few from Harvard, Cornel and MIT, and the tenure in similar positions is lengthy, this isn’t their first rodeo (subjective as that might seem). They own a bit over 2% of the company, the rest is as follows:
Please add this and make it ISA-ble.
As per usual, DYOR (do you own research)