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Ellington Residential Mortgage REIT (EARN)

NYSE - NYSE Delayed price. Currency in USD
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8.21+0.22 (+2.75%)
At close: 04:00PM EDT
8.30 +0.09 (+1.10%)
After hours: 07:12PM EDT
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  • B
    Bishop
    Orchid Island Capital, Inc.
    Update 5/28:: Today's market is NOT based on fundamentals in terms of SP movement...No. Its based on the "Froth" of the market. The REITs industry is getting hit... Yes but what do folks here whom are on the side of being a Detractor wants the REITs stocks to do in this mercurial environment??? Look at for example Facebook. Should it be down where it is? Look at MSFT, Tesla, 3M, Snowflake, Sales Force, Oracle, IBM and many more. They are ALL getting hit. Why you ask??? Its the macroeconomic environment. Its bad. So why are folks here pretending $ORC should be climbing when bigger indexes are declinging? That makes utterly NO sense. So thats Trolling. ORC is a REIT not a banking stock, oil stock or EV stock. The thing that can change course are 2 things and I might add this was mentioned by other analysts as well. If the Fed says the next hike will be another 25 to 50 Basis pts MAX, which is something that was hinted recently by one of the Fed Chairs I believe in ATL according to CNBC report, then the market can rebound. Second, if home prices start to slide or decline as its showing currently at this point, the Fed will be delighted and thus affordability comes back into play as home prices cont to slide. The thing folks are missing is that the Fed wants the market to hit a "hard" point or destructive point to where overall prices start to gravitate back to earth. We have way too much liquidity started by Gov't with what: Stimulus. And too few options available esp in Housing due to Labor Shortages from Covid and Construction of Newer homes. Yes, things "can" play out where the market believed back in April the Fed will have a very "Hawkish" viewpoint to escalate prices to higher New levels in a few months from here but its contingent on a number of factors. Its still fluid. The market needs to create a New Bottom so the market can bounce back from those lows. It really depends on what the Fed decides which they can slowdown hikes if they see the macro economy retracting. Once the Fed makes that decision based on sliding home prices, unemployment staying consistent, and CPI start to change the Fed may decide to slow down the action of escalating interest rates. Its that direct. So everyone saying negative things like divvy cuts and more can possibly happen but its still speculative. We have no idea what may happen. Just like how $AGNC before Q1 report thought they were suffering based on what we saw on the news but when they released earnings for Q1'22 guess what? They did well overall. So let's all stop assuming. And wait for things to pan out. Here are some recommendations: $SSSS, $MSB, $ORC, $AGNC, $EARN, $NLY, $EFC, $CIM, $CHMI, $OXY, $IEP, $SHLX, $CRF, $OXLC, $TWO, $CRF. These are dividend payout stocks but do your research. GL to ALL!!!
  • B
    Bishop
    Orchid Island Capital, Inc.
    This is an interesting perspective on these what I call "Bear Market" rallies. Today we are in an usual set of circumstances where fundamentally sound balance sheets like Amazon, Meta, Microsoft, 3M, CLF, & more can have strong revenue but miss expectations by 5% or less but they'll fall by almost 20%. If they beat expectations they'll barely go above 5% and in many cases they'll fall mysteriously. Today we're in a market full of uncertainty. Things do not make sense in the way equities are behaving. Famed economist Jeremy Spiegel on CNBC said he expects Fed Hikes to cont to rise into 2023 so this won't end anytime soon. Second, Mortgage Rates are above 5% and will cont to rise however there's some good news that Construction of new homes will occur in the next 2 QTRS. The issue today for REITs is Affordability vs. Availability as shared on CNBC. In order to drive affordability there needs to be MORE new homes to cool off demand or if not the scenario will be Hyper inflation of old established Homes as I've seen on these sites. Last, rentals are going higher than the Norm. My understanding is that rent prices are up due to the pandemic as the Govt made it difficult to collect $$$ during the lockdown. This caused many issues for Landlords and Land owners that has driven them to escalate prices above market. So would a person TODAY pay $3,500 in rent for a small 2 BR? I doubt it. Homeownership will always be the prize! Why rent expensively when you can OWN. $ORC, $NLY, $EFC, $EARN, $TWO, $MPW, $CHMI, $AGNC & more will be re-positioned for the future. That's why they've cut the Dividend recently for some. Its going to be full of market uncertainty for awhile. As we face historically high inflation across food, gas, & travel, War in Ukraine will cont into late 2022, Mortgage rates will eventually get to 6%+, Fed will Hike another 50 basis pts and more. This is a bear market so be patient with all REITs as their in different positions. They'll cont to climb as the market normalizes as these are mortgage backed securities by the Government so its protected. Be patient and GL to ALL!!
  • I
    Ion
    Sold June 7.5 puts for a trade, I will not mind if I get assigned. My thinking is this, MREITs, including AGNC which is my largest position have seen pain (not unlike the rest of the stock market) and may see further deterioration in book value. That said, they have had access to much better yielding assets over the past 2 months than for a long time in the past few years. Furthermore, I expect some additional drops in book value resulting from the FED balance sheet reduction however that may be minimal unless the FED actually decides to start selling assets instead of just letting them run off. Overall, in my opinion, earnings potential for MREITs has grown and this is the sector and the time to invest for the long term. If I get assigned, I'll get the shares for 7.2 dollars. On an already reduced dividend, it's still a great yield considering 8 cents/share monthly.
  • B
    Bishop
    Orchid Island Capital, Inc.
    Yesterday $IVR beat estimates by $0.03 and $ORC as we know beat revenue YoY but not target by a smidge, and $NLY beat their target for Q1 and let's not forget $AGNC destroyed estimates showing they have cash in their balance sheets as their very liquid. The point I'm making today is to show investors that the REITs market is not as imbalanced or in dangerous liquidity territory as folks thought the past few months. Look at the earnings across the board in this sector. Some are doing better than others but the marker is fundamentally solid I would say for now. If you have $500, I would load up on $AGNC, $ORC, & $NLY. Things can turn the negative as many experts say we'll hit a Recessionary environment by eoy or early 2023. But I think we can say that the REITs sector is doing okay or slightly better than what we thought. Look into $TWO and $EARN at your discretion. Y'all stay safe!!!
  • N
    Nicodemi
    What I got out of the first quarter report was that they reduced the dividend from $1.20 per year to .95702 cents which makes it 10.9% dividend based upon the share price of $8.78.
    The other encouraging news was that the book value based upon current assets is $10.14 per share for the shareholders.
  • M
    Missy
    The dividend is attractive, but looking at the history of performance on stock price makes me think twice. Right now I prefer TWO and ORCC. With bear market correction, this may be the time to jump in on EARN though.
  • L
    Lenny
    I just took a long position on EARN. Tell me something that will make me glad I did.
  • d
    darrel
    Earn is doing just fine. I like the monthly divs and see them continuing for some time as interest rates rise over the next few years. The spread will just keep getting larger which translates to bigger profits. Just relax and enjoy the divs every month my friends.
  • d
    darrel
    today was earnings release day, does anyone know what they reported??
  • N
    Neil
    20% drop in div to .08 bad news
  • J
    J
    Will EARN be able to continue paying $.10 per month? Last report was not good with a $.50 loss!!
  • T
    Tristan
    In as much Mr Elon Musk has aided in the current liquidations,it's unavoidable,the market had it coming,time when traders and investors will be able to contain leverage positions. But considering the fact that crypto is the future it's also inevitable that another speculative growth is coming soon.
  • S
    Sergeant_Friday
    OUCH!!
  • B
    Bishop
    Two Harbors Investment Corp.
    I think $TWO is on solid ground per earnings call. Yes, there's a chance things can downturn due to market sentiment and Fed enabled conditions as expected around March however based on the macros such as 30 Yr mortgage highs on contracts, an increase of demand that'll continue due to under supply as people believe it or not are STILL buying single family homes. Yes, rates are known as a deterrent but according to historical data the market typically performs in a bull mindset. So the high rates in my opinion won't destabilize things unless something hits us unbeknownst. I would say and do your research buy into $TWO, $IVR, $CHMI, $EARN, $AGNCand if you're open to some risk look into $IRCP and their portfolio for an International investment play that you might be a bit curious to buy into for down the road prospects. But $TWO is a good situation for now altho I am going to wait until March after Fed make their 1st rate hikes as the market will ultimately have a knee jerk reaction and $TWO will suffer from market setback so I believe there's some room for a decline but we'll see how things pan out! GL to ALL!!!
  • J
    Jack A
    I feel Monthly dividends are better for shareholders than quarterly. They can be reinvested, and the compounding is higher when you get $0.10 per month instead of $0.30 quarterly.
  • Y
    Yahoo Finance Insights
    EARN is down 4.99% to 8.09
  • m
    m h
    Someone made a large buy today? Up 1.6%... It's always well recommended by Thos.Reuters, why has it gone so low recently without a Word from anyone ?
  • k
    kenneth
    Blackstone has increased the fund’s holding to 25% of outstanding shares.
  • J
    J
    Timber!! You read and listen to the warnings of dividend trap stocks, cmon earn let’s turn this ship around.
  • J
    Jack A
    Welcome to other investors who had REML. Hopefully this one will continue to climb and pay dividends in 2022.