Is Ellington Residential Stock a Good Investment?

Ellington Residential Investment Advice

  EARN
To provide specific investment advice or recommendations on Ellington Residential Mortgage stock, we recommend investors consider the following general factors when evaluating Ellington Residential Mortgage. This will help you to make an informed decision on whether to include Ellington Residential in one of your diversified portfolios:
  • Examine Ellington Residential's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
  • Research Ellington Residential's leadership team and their track record. Good management can help Ellington Residential navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
  • Consider the overall health of the Mortgage Real Estate Investment Trusts (REITs) space and any emerging trends that could impact Ellington Residential's business and its evolving consumer preferences.
  • Compare Ellington Residential's performance and market position to its competitors. Analyze how Ellington Residential is positioned in terms of product offerings, innovation, and market share.
  • Check if Ellington Residential pays a dividend and its dividend yield and payout ratio.
  • Review what financial analysts are saying about Ellington Residential's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.
It's important to note that investing in Ellington Residential Mortgage stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Ellington Residential Mortgage is a good investment.
 
Sell
 
Buy
Buy
We provide trade advice to complement the prevailing expert consensus on Ellington Residential. Our dynamic recommendation engine uses a multidimensional algorithm to analyze the company's potential to grow using all technical and fundamental data available at the time. To make sure Ellington Residential is not overpriced, please confirm all Ellington Residential fundamentals, including its debt to equity, total asset, and the relationship between the ebitda and earnings per share . Given that Ellington Residential has a price to earning of 2.40 X, we urge you to verify Ellington Residential Mortgage market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your prevailing risk tolerance and investing horizon.

Market Performance

ModestDetails

Volatility

Not too volatileDetails

Hype Condition

StaleDetails

Current Valuation

UndervaluedDetails

Odds Of Distress

AverageDetails

Economic Sensitivity

Almost mirrors the marketDetails

Investor Sentiment

AlarmedDetails

Analyst Consensus

BuyDetails

Financial Strenth (F Score)

PoorDetails

Financial Leverage

InapplicableDetails

Reporting Quality (M-Score)

Possible ManipulatorDetails

Examine Ellington Residential Stock

Researching Ellington Residential's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 18.0% of the company shares are held by institutions such as insurance companies. The company has price-to-book (P/B) ratio of 0.96. Some equities with similar Price to Book (P/B) outperform the market in the long run. Ellington Residential last dividend was issued on the 28th of June 2024.
To determine if Ellington Residential is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Ellington Residential's research are outlined below:
Ellington Residential has high likelihood to experience some financial distress in the next 2 years
Ellington Residential Mortgage currently holds 729.54 M in liabilities with Debt to Equity (D/E) ratio of 8.04, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Ellington Residential has a current ratio of 0.17, indicating that it has a negative working capital and may not be able to pay financial obligations when due. Note, when we think about Ellington Residential's use of debt, we should always consider it together with its cash and equity.
Ellington Residential Mortgage currently holds about 83 M in cash with (10.02 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 6.35.
Ellington Residential has a poor financial position based on the latest SEC disclosures
On 28th of May 2024 Ellington Residential paid $ 0.08 per share dividend to its current shareholders
Latest headline from seekingalpha.com: Ellington Credit Company declares 0.08 dividend

Ellington Residential Quarterly Cash And Short Term Investments

22.44 Million

Ellington Residential uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Ellington Residential Mortgage. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Ellington Residential's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
4th of March 2024
Upcoming Quarterly Report
View
9th of May 2024
Next Financial Report
View
31st of December 2023
Next Fiscal Quarter End
View
4th of March 2024
Next Fiscal Year End
View
30th of September 2023
Last Quarter Report
View
31st of December 2022
Last Financial Announcement
View
Earnings surprises can significantly impact Ellington Residential's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Ellington Residential's investors have experienced.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2023-11-13
2023-09-300.240.21-0.0312 
2023-05-11
2023-03-310.240.21-0.0312 
2023-03-06
2022-12-310.220.250.0313 
2019-11-04
2019-09-300.220.19-0.0313 
2013-08-14
2013-06-300.240.21-0.0312 
2024-03-07
2023-12-310.230.270.0417 
2019-08-01
2019-06-300.260.22-0.0415 
2019-05-02
2019-03-310.310.27-0.0412 

Ellington Residential Target Price Consensus

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Ellington target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Ellington Residential's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.
   5  Buy
Most Ellington analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Ellington stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Ellington Residential, talking to its executives and customers, or listening to those companies' conference calls.
Macroaxis Advice   Exposure   Valuation

Ellington Residential Target Price Projection

Ellington Residential's current and average target prices are 6.96 and 9.13, respectively. The current price of Ellington Residential is the price at which Ellington Residential Mortgage is currently trading. On the other hand, Ellington Residential's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Ellington Residential Market Quote on 19th of June 2024

Low Price6.96Odds
High Price6.96Odds

6.96

Target Price

Analyst Consensus On Ellington Residential Target Price

Low Estimate8.31Odds
High Estimate10.13Odds

9.13

Historical Lowest Forecast  8.31 Target Price  9.13 Highest Forecast  10.13
Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Ellington Residential Mortgage and the information provided on this page.

Ellington Residential Analyst Ratings

Ellington Residential's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Ellington Residential stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Ellington Residential's financials, market performance, and future outlook by experienced professionals. Ellington Residential's historical ratings below, therefore, can serve as a valuable tool for investors.

Know Ellington Residential's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Ellington Residential is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Ellington Residential Mortgage backward and forwards among themselves. Ellington Residential's institutional investor refers to the entity that pools money to purchase Ellington Residential's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
Shares
Kestra Advisory Services, Llc2024-03-31
25.5 K
Jane Street Group, Llc2023-12-31
20.3 K
Centiva Capital Lp2024-03-31
20.2 K
Advisor Group Holdings, Inc.2024-03-31
19.4 K
Rsm Us Wealth Management Llc2024-03-31
14.6 K
Cambridge Invest Research Advisors, Inc.2024-03-31
13.5 K
Private Advisor Group, Llc2024-03-31
13.2 K
Advisory Services Network, Llc2023-12-31
13 K
Alpine Investment Management Llc2024-03-31
12.5 K
Renaissance Technologies Corp2023-12-31
506.3 K
Ameriprise Financial Inc2024-03-31
300.7 K
Note, although Ellington Residential's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Ellington Residential's market capitalization trends

The company currently falls under 'Small-Cap' category with a current market capitalization of 140.74 M.

Market Cap

136.16 Million

Ellington Residential's profitablity analysis

Last ReportedProjected for Next Year
Return On Tangible Assets 0.00  0.01 
Return On Capital Employed 0.23  0.24 
Return On Assets 0.00  0.01 
Return On Equity 0.03  0.04 
The company has Profit Margin (PM) of 0.25 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.9 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.9.
Determining Ellington Residential's profitability involves analyzing its financial statements and using various financial metrics to determine if Ellington Residential is a good buy. For example, gross profit margin measures Ellington Residential's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Ellington Residential's profitability and make more informed investment decisions.
The data published in Ellington Residential's official financial statements typically reflect Ellington Residential's business processes, product offerings, services, and other fundamental events. However, there are additional fundamental indicators that are easier to understand and visualize along the underlying realities that are driving Ellington Residential's quantitative information. For example, before you start analyzing numbers published by Ellington accountants, it’s essential to understand Ellington Residential's liquidity, profitability, and earnings quality within the context of the Mortgage Real Estate Investment Trusts (REITs) space in which it operates.

Evaluate Ellington Residential's management efficiency

As of the 19th of June 2024, Return On Tangible Assets is likely to grow to 0.01. Also, Return On Capital Employed is likely to grow to 0.24. At this time, Ellington Residential's Debt To Assets are very stable compared to the past year. As of the 19th of June 2024, Return On Assets is likely to grow to 0.01, while Total Current Assets are likely to drop about 40.9 M. Ellington Residential's management efficiency ratios could be used to measure how well Ellington Residential manages its routine affairs as well as how well it operates its assets and liabilities.
Last ReportedProjected for Next Year
Book Value Per Share 9.16  15.95 
Tangible Book Value Per Share 9.16  8.70 
Enterprise Value Over EBITDA 15.70  16.49 
Price Book Value Ratio 0.67  0.64 
Enterprise Value Multiple 15.70  16.49 
Price Fair Value 0.67  0.64 
Enterprise Value782.2 M424 M
The analysis of Ellington Residential's management efficiency is an essential part of evaluating and assessing the financial and operational performance of the entity. It is also vital to analyze Ellington Residential's future growth prospects and the overall market conditions to determine the value and potential of its stock. The analysis involves studying a range of financial metrics such as revenue, earnings, profit margins, cash flow, debt, market share, and external factors such as economic trends, industry outlook, competition, and government regulations. The goal of Ellington Stock analysis is to determine whether it is undervalued, fairly valued, or overvalued and to make informed investment decisions.
Dividend Yield
0.1364
Forward Dividend Yield
0.1364
Forward Dividend Rate
0.96
Beta
1.897

Basic technical analysis of Ellington Stock

As of the 19th of June, Ellington Residential shows the Downside Deviation of 1.68, coefficient of variation of 752.17, and Mean Deviation of 1.04. Ellington Residential technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices.

Ellington Residential's insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Ellington Residential insiders, such as employees or executives, is commonly permitted as long as it does not rely on Ellington Residential's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Ellington Residential insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

Understand Ellington Residential's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Ellington Residential's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

Consider Ellington Residential's intraday indicators

Ellington Residential intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Ellington Residential stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

Ellington Residential Corporate Filings

8K
11th of June 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
10Q
15th of May 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
ViewVerify
10K
12th of April 2024
An amendment to a previously filed Form 10-K
ViewVerify
10K
12th of March 2024
Annual report required by the U.S. Securities and Exchange Commission (SEC) of a company financial performance
ViewVerify
Ellington Residential time-series forecasting models is one of many Ellington Residential's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Ellington Residential's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Ellington Stock media impact

Far too much social signal, news, headlines, and media speculation about Ellington Residential that are available to investors today. That information is available publicly through Ellington media outlets and privately through word of mouth or via Ellington internal channels. However, regardless of the origin, that massive amount of Ellington data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.
A primary focus of Ellington Residential news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Ellington Residential relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Ellington Residential's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Ellington Residential alpha.

Ellington Residential Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Ellington Residential can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Ellington Residential Corporate Management

Jason FrankDeputy SecProfile
Ronald SimonIndependent TrusteeProfile
David MillerIndependent TrusteeProfile
Mary McbrideIndependent TrusteeProfile

Additional Information and Resources on Investing in Ellington Stock

When determining whether Ellington Residential offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Ellington Residential's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Ellington Residential Mortgage Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Ellington Residential Mortgage Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ellington Residential Mortgage. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in metropolitan statistical area.
You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Mortgage Real Estate Investment Trusts (REITs) space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Ellington Residential. If investors know Ellington will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Ellington Residential listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.185
Dividend Share
0.96
Earnings Share
0.34
Revenue Per Share
1.532
Quarterly Revenue Growth
(0.83)
The market value of Ellington Residential is measured differently than its book value, which is the value of Ellington that is recorded on the company's balance sheet. Investors also form their own opinion of Ellington Residential's value that differs from its market value or its book value, called intrinsic value, which is Ellington Residential's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Ellington Residential's market value can be influenced by many factors that don't directly affect Ellington Residential's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
In summary, please note that there is a difference between Ellington Residential's value and its price, as these two are different measures arrived at by various means. Investors typically determine if Ellington Residential is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Ellington Residential's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.