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Ellington Residential: Q4 Earnings Insights

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Benzinga Insights
·1 min read
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Shares of Ellington Residential (NYSE:EARN) moved lower in after-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 47.83% over the past year to $0.34, which missed the estimate of $0.35.

Revenue of $5,458,000 rose by 298.39% year over year, which missed the estimate of $5,860,000.

Guidance

Ellington Residential hasn't issued any earnings guidance for the time being.

View more earnings on EARN

Ellington Residential hasn't issued any revenue guidance for the time being.

Recent Stock Performance

52-week high: $13.30

52-week low: $2.70

Price action over last quarter: Up 11.31%

Company Profile

Ellington Residential Mortgage REIT is principally engaged in the business of acquiring, investing in, and managing residential mortgage- and real estate-related assets through its wholly-owned subsidiaries. The company's primary objective is to generate attractive current yields and risk-adjusted total returns for shareholders by investing in assets that compensate appropriately for the risks associated with them.

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© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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