Ellington Residential Mortgage Stock Analysis

EARN Stock  USD 6.96  0.08  1.14%   
Ellington Residential Mortgage is undervalued with Real Value of 8.24 and Target Price of 9.13. The main objective of Ellington Residential stock analysis is to determine its intrinsic value, which is an estimate of what Ellington Residential Mortgage is worth, separate from its market price. There are two main types of Ellington Residential's stock analysis: fundamental analysis and technical analysis.
The Ellington Residential stock is traded in the USA on New York Stock Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in the USA. Ellington Residential is usually not traded on Christmas Day, New Year 's Day, Dr . Martin Luther King Jr 's Birthday, Washington 's Birthday, Good Friday, Memorial Day, Juneteenth Holiday, Independence Day, Labour Day, Thanksgiving Day. Ellington Stock trading window is adjusted to America/New York timezone.
  
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.

Ellington Stock Analysis Notes

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. Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing residential mortgage-and real estate-related assets. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut. Ellington Residential is traded on New York Stock Exchange in the United States. To learn more about Ellington Residential Mortgage call Laurence Penn at 203 698 1200 or check out https://www.earnreit.com.

Ellington Residential Investment Alerts

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 Upcoming and Recent Events

Earnings reports are used by Ellington Residential to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period..
4th of March 2024
Upcoming Quarterly Report
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9th of May 2024
Next Financial Report
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31st of December 2023
Next Fiscal Quarter End
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4th of March 2024
Next Fiscal Year End
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30th of September 2023
Last Quarter Report
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31st of December 2022
Last Financial Announcement
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Ellington Largest EPS Surprises

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.
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 
View All Earnings Estimates

Ellington Residential Environmental, Social, and Governance (ESG) Scores

Ellington Residential's ESG score is a quantitative measure that evaluates Ellington Residential's performance and commitment regarding environmental, social, and governance (ESG) factors. These scores are becoming increasingly crucial in investment decision-making processes, providing insights into non-financial aspects of Ellington Residential's operations that may have significant financial implications and affect Ellington Residential's stock price as well as guide investors towards more socially responsible investments.

Ellington Stock Institutional Investors

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 Market Capitalization

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

Ellington Profitablity

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.
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 

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
Operating Margin
0.8978
Profit Margin
0.2469
Forward Dividend Yield
0.1364
Beta
1.897

Technical Drivers

As of the 19th of June, Ellington Residential shows the Coefficient Of Variation of 752.17, downside deviation of 1.68, 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 Price Movement Analysis

Execute Study
The output start index for this execution was thirteen with a total number of output elements of fourty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Ellington Residential middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Ellington Residential. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.

Ellington Residential 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.

Ellington Residential Predictive Daily 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
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10Q
15th of May 2024
Quarterly performance report mandated by Securities and Exchange Commission (SEC), to be filed by publicly traded corporations
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8K
14th of May 2024
Report filed with the SEC to announce major events that shareholders should know about
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8K
23rd of April 2024
Report filed with the SEC to announce major events that shareholders should know about
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8K
19th of April 2024
Report filed with the SEC to announce major events that shareholders should know about
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10K
12th of April 2024
An amendment to a previously filed Form 10-K
ViewVerify
8K
9th of April 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify
8K
4th of April 2024
Report filed with the SEC to announce major events that shareholders should know about
ViewVerify

Ellington Residential Forecast Models

Ellington Residential's time-series forecasting models are one of many Ellington Residential's stock analysis techniques aimed at predicting 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.

About Ellington Stock Analysis

Stock analysis is the technique used by a trader or investor to examine and evaluate how Ellington Residential prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Ellington shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Ellington Residential. By using and applying Ellington Stock analysis, traders can create a robust methodology for identifying Ellington entry and exit points for their positions.
Last ReportedProjected for Next Year
Pretax Profit Margin 0.35  0.33 
Operating Profit Margin 3.83  4.02 
Net Profit Margin 0.35  0.33 
Gross Profit Margin 0.86  0.93 

Current Ellington Analysis - Recommendations

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Ellington analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Ellington analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.
Target PriceAdvice# of Analysts
9.13Buy5Odds
Ellington Residential Mortgage current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Ellington analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Ellington stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Ellington Residential, talking to its executives and customers, or listening to Ellington conference calls.
Ellington Analyst Advice Details

Ellington Stock Analysis Indicators

Ellington Residential Mortgage stock analysis indicators help investors evaluate how Ellington Residential stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Ellington Residential shares will generate the highest return on investment. By understating and applying Ellington Residential stock analysis, traders can identify Ellington Residential position entry and exit signals to maximize returns.
Begin Period Cash Flow34.8 M
Common Stock Shares Outstanding14.9 M
Total Stockholder Equity136.2 M
Quarterly Earnings Growth Y O Y0.185
Cash And Short Term Investments38.5 M
Cash38.5 M
Accounts Payable57.3 M
Net Debt691 M
50 Day M A6.9122
Total Current Liabilities729.5 M
Other Operating Expenses36.8 M
Non Current Assets Total848.3 M
Forward Price Earnings6.8213
Non Currrent Assets Other431 K
Stock Based Compensation255 K

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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
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.
Please note, there is a significant difference between Ellington Residential's value and its price as these two are different measures arrived at by different 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.