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Shares of Ellington Residential (NYSE:EARN) moved lower in after-market trading after the company reported Q4 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.
Ellington Residential hasn't issued any earnings guidance for the time being.
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%
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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