Ellington Residential Mortgage REIT (EARN) Stock Forecast, Price Target & Predictions

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EARN Stock Forecast

Ellington Residential Mortgage REIT stock forecast is as follows: an average price target of $8.00 (represents a 25.59% upside from EARN’s last price of $6.37) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.

EARN Price Target

The average price target for Ellington Residential Mortgage REIT (EARN) is $8.00 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $8.00 to $8.00. This represents a potential 25.59% upside from EARN's last price of $6.37.

EARN Analyst Ratings

Buy

According to 2 Wall Street analysts, Ellington Residential Mortgage REIT's rating consensus is 'Buy'. The analyst rating breakdown for EARN stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Ellington Residential Mortgage REIT Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
May 16, 2024	Crispin Love	Piper Sandler	$8.00	$7.09	12.83%	25.59%

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The latest Ellington Residential Mortgage REIT stock forecast, released on May 16, 2024 by Crispin Love from Piper Sandler, set a price target of $8.00, which represents a 12.83% increase from the stock price at the time of the forecast ($7.09), and a 25.59% increase from EARN last price ($6.37).

Ellington Residential Mortgage REIT Price Target by Period

	1M	3M	12M
# Anlaysts	-	-	1
Avg Price Target	-	-	$8.00
Last Closing Price	$6.37	$6.37	$6.37
Upside/Downside	-100.00%	-100.00%	25.59%

In the current month, the average price target of Ellington Residential Mortgage REIT stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Ellington Residential Mortgage REIT's last price of $6.37. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
May 16, 2024	Piper Sandler	Overweight	Overweight	Hold
Dec 19, 2022	JonesTrading	-	Hold	Initialise

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Ellington Residential Mortgage REIT's last stock rating was published by Piper Sandler on May 16, 2024. The company gave EARN a "Overweight" rating, the same as its previous rate.

Ellington Residential Mortgage REIT Financial Forecast

Ellington Residential Mortgage REIT Revenue Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	$1.50M	-	$2.70M	$3.64M	$12.95M	$5.19M	$-9.43M	$-16.15M	$24.75M	$2.30M	$-3.00M	$1.59M	$8.79M	$9.52M	$23.08M	$-15.46M	$10.98M	$5.07M
Avg Forecast	$8.76M	$8.77M	$8.79M	$8.81M	$6.09M	$6.11M	$6.09M	$5.79M	$5.84M	$5.56M	$6.74M	$4.37M	$2.41M	$-626.00K	$1.86M	$3.79M	$3.55M	$3.83M	$4.85M	$5.60M	$5.79M	$5.77M	$5.31M	$5.49M	$5.86M	$5.18M	$4.12M	$4.37M	$4.18M	$3.81M
High Forecast	$8.76M	$8.77M	$8.79M	$8.81M	$6.09M	$6.11M	$6.09M	$5.79M	$5.84M	$5.56M	$6.74M	$4.37M	$2.41M	$-626.00K	$1.86M	$3.79M	$3.55M	$3.83M	$4.85M	$5.60M	$5.79M	$5.77M	$5.31M	$5.49M	$5.86M	$5.18M	$4.12M	$4.37M	$4.18M	$3.81M
Low Forecast	$8.76M	$8.77M	$8.79M	$8.81M	$6.09M	$6.11M	$6.09M	$5.79M	$5.84M	$5.56M	$6.74M	$4.37M	$2.41M	$-626.00K	$1.86M	$3.79M	$3.55M	$3.83M	$4.85M	$5.60M	$5.79M	$5.77M	$5.31M	$5.49M	$5.86M	$5.18M	$4.12M	$4.37M	$4.18M	$3.81M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	0.62%	-	1.45%	0.96%	3.65%	1.36%	-1.95%	-2.88%	4.28%	0.40%	-0.57%	0.29%	1.50%	1.84%	5.60%	-3.54%	2.62%	1.33%

Ellington Residential Mortgage REIT's average Quarter revenue forecast for Mar 24 based on 1 analysts is $4.37M, with a low forecast of $4.37M, and a high forecast of $4.37M. EARN's average Quarter revenue forecast represents a 190.54% increase compared to the company's last Quarter revenue of $1.50M (Dec 23).

Ellington Residential Mortgage REIT EBITDA Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	$23.95M	-	$1.20M	$-964.00K	$19.16M	$-9.40M	$-8.77M	$-16.36M	$-2.03M	$1.41M	$-3.88M	$908.00K	$8.11M	$8.94M	$23.68M	$-10.64M	$16.94M	$12.55M
Avg Forecast	$4.94M	$4.95M	$4.96M	$4.97M	$3.44M	$3.45M	$3.44M	$3.27M	$3.29M	$3.14M	$3.80M	$-14.77M	$1.36M	$-353.26K	$1.05M	$-15.79M	$2.00M	$2.16M	$2.74M	$-16.89M	$3.26M	$3.26M	$3.00M	$988.12K	$3.31M	$2.92M	$2.33M	$-10.24M	$2.36M	$2.15M
High Forecast	$4.94M	$4.95M	$4.96M	$4.97M	$3.44M	$3.45M	$3.44M	$3.27M	$3.29M	$3.14M	$3.80M	$-11.81M	$1.36M	$-353.26K	$1.05M	$-12.64M	$2.00M	$2.16M	$2.74M	$-13.51M	$3.26M	$3.26M	$3.00M	$1.19M	$3.31M	$2.92M	$2.33M	$-8.19M	$2.36M	$2.15M
Low Forecast	$4.94M	$4.95M	$4.96M	$4.97M	$3.44M	$3.45M	$3.44M	$3.27M	$3.29M	$3.14M	$3.80M	$-17.72M	$1.36M	$-353.26K	$1.05M	$-18.95M	$2.00M	$2.16M	$2.74M	$-20.27M	$3.26M	$3.26M	$3.00M	$790.49K	$3.31M	$2.92M	$2.33M	$-12.28M	$2.36M	$2.15M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	17.58%	-	1.14%	0.06%	9.58%	-4.35%	-3.20%	0.97%	-0.62%	0.43%	-1.29%	0.92%	2.45%	3.06%	10.17%	1.04%	7.18%	5.83%

1 analysts predict EARN's average Quarter EBITDA for Mar 24 to be $-14.77M, with a high of $-11.81M and a low of $-17.72M. This is -161.66% lower than Ellington Residential Mortgage REIT's previous annual EBITDA (Dec 23) of $23.95M.

Ellington Residential Mortgage REIT Net Income Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	$12.44M	-	$1.20M	$-4.07M	$11.68M	$-13.67M	$-10.74M	$-17.47M	$-2.76M	$860.00K	$-4.54M	$127.00K	$7.39M	$8.12M	$21.34M	$-16.75M	$9.71M	$3.73M
Avg Forecast	$6.37M	$6.38M	$6.40M	$6.42M	$6.24M	$6.10M	$6.03M	$5.69M	$6.34M	$6.27M	$5.77M	$-15.76M	$4.73M	$4.88M	$4.49M	$-16.86M	$8.37M	$4.61M	$5.17M	$-18.03M	$6.39M	$6.78M	$6.44M	$138.21K	$7.08M	$5.81M	$5.05M	$-16.10M	$4.78M	$4.38M
High Forecast	$6.37M	$6.38M	$6.40M	$6.42M	$6.24M	$6.10M	$6.03M	$5.69M	$6.34M	$6.27M	$5.77M	$-12.61M	$4.73M	$4.88M	$4.49M	$-13.49M	$10.04M	$4.61M	$5.17M	$-14.42M	$6.39M	$6.78M	$6.44M	$165.85K	$7.08M	$5.81M	$5.05M	$-12.88M	$4.78M	$4.38M
Low Forecast	$6.37M	$6.38M	$6.40M	$6.42M	$6.24M	$6.10M	$6.03M	$5.69M	$6.34M	$6.27M	$5.76M	$-18.92M	$4.73M	$4.88M	$4.49M	$-20.23M	$6.69M	$4.61M	$5.17M	$-21.64M	$6.39M	$6.78M	$6.44M	$110.56K	$7.08M	$5.81M	$5.05M	$-19.32M	$4.78M	$4.38M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	2.63%	-	0.27%	0.24%	1.40%	-2.96%	-2.08%	0.97%	-0.43%	0.13%	-0.70%	0.92%	1.04%	1.40%	4.23%	1.04%	2.03%	0.85%

Ellington Residential Mortgage REIT's average Quarter net income forecast for Mar 24 is $-15.76M, with a range of $-18.92M to $-12.61M. EARN's average Quarter net income forecast represents a -226.72% decrease compared to the company's last Quarter net income of $12.44M (Dec 23).

Ellington Residential Mortgage REIT SG&A Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$721.00K	$280.00K	$698.00K	$672.00K	$739.00K	$760.00K	$807.00K	$900.00K	$916.00K	$877.00K	$884.00K	$833.00K	$818.00K	$753.00K	$794.00K	$788.00K
Avg Forecast	$-10.18M	$-10.20M	$-10.22M	$-10.25M	$-7.08M	$-7.11M	$-7.08M	$-6.73M	$-6.79M	$-6.47M	$-7.84M	$685.84K	$-2.81M	$727.90K	$-2.17M	$733.52K	$1.00M	$-4.45M	$-5.64M	$784.51K	$-6.73M	$-6.71M	$-6.18M	$954.38K	$-6.81M	$-6.02M	$-4.80M	$724.04K	$-4.87M	$-4.43M
High Forecast	$-10.18M	$-10.20M	$-10.22M	$-10.25M	$-7.08M	$-7.11M	$-7.08M	$-6.73M	$-6.79M	$-6.47M	$-7.84M	$823.01K	$-2.81M	$727.90K	$-2.17M	$880.23K	$1.20M	$-4.45M	$-5.64M	$941.42K	$-6.73M	$-6.71M	$-6.18M	$1.15M	$-6.81M	$-6.02M	$-4.80M	$868.85K	$-4.87M	$-4.43M
Low Forecast	$-10.18M	$-10.20M	$-10.22M	$-10.25M	$-7.08M	$-7.11M	$-7.08M	$-6.73M	$-6.79M	$-6.47M	$-7.84M	$548.67K	$-2.81M	$727.90K	$-2.17M	$586.82K	$800.14K	$-4.45M	$-5.64M	$627.61K	$-6.73M	$-6.71M	$-6.18M	$763.50K	$-6.81M	$-6.02M	$-4.80M	$579.23K	$-4.87M	$-4.43M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-0.33%	0.38%	0.70%	-0.15%	-0.13%	0.97%	-0.12%	-0.13%	-0.15%	0.92%	-0.13%	-0.14%	-0.17%	1.04%	-0.16%	-0.18%

Ellington Residential Mortgage REIT's average Quarter SG&A projection for Sep 23 is $727.90K, based on 1 Wall Street analysts, with a range of $727.90K to $727.90K. The forecast indicates a 0.96% rise compared to EARN last annual SG&A of $721.00K (Jun 23).

Ellington Residential Mortgage REIT EPS Forecast

	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	2	1	1	1	1	1	1	1	1	1	1	1	13	8	8	9	12	7
EPS	-	-	-	-	-	-	-	-	-	-	-	-	$0.75	-	$0.09	$-0.30	$0.88	$-1.04	$-0.82	$-1.33	$-0.21	$0.07	$-0.36	$0.01	$0.60	$0.66	$1.73	$-1.35	$0.78	$0.30
Avg Forecast	$0.31	$0.31	$0.31	$0.32	$0.31	$0.30	$0.30	$0.28	$0.31	$0.31	$0.28	$0.25	$0.23	$0.24	$0.22	$0.24	$0.22	$0.23	$0.25	$0.31	$0.31	$0.33	$0.32	$0.33	$0.35	$0.29	$0.25	$0.26	$0.23	$0.21
High Forecast	$0.31	$0.31	$0.31	$0.32	$0.31	$0.30	$0.30	$0.28	$0.31	$0.31	$0.28	$0.25	$0.23	$0.24	$0.22	$0.24	$0.22	$0.23	$0.25	$0.31	$0.31	$0.33	$0.32	$0.33	$0.35	$0.29	$0.25	$0.26	$0.23	$0.21
Low Forecast	$0.31	$0.31	$0.31	$0.32	$0.31	$0.30	$0.30	$0.28	$0.31	$0.31	$0.28	$0.25	$0.23	$0.24	$0.22	$0.24	$0.22	$0.23	$0.25	$0.31	$0.31	$0.33	$0.32	$0.33	$0.35	$0.29	$0.25	$0.26	$0.23	$0.21
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	3.23%	-	0.41%	-1.25%	4.03%	-4.59%	-3.23%	-4.35%	-0.67%	0.21%	-1.14%	0.03%	1.72%	2.31%	6.98%	-5.29%	3.32%	1.40%

According to 1 Wall Street analysts, Ellington Residential Mortgage REIT's projected average Quarter EPS for Mar 24 is $0.25, with a low estimate of $0.25 and a high estimate of $0.25. This represents a -67.01% decrease compared to EARN previous annual EPS of $0.75 (Dec 23).

Ellington Residential Mortgage REIT Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
ARI	Apollo Commercial Real Estate Finance	$9.13	$13.50	47.86%	-
KREF	KKR Real Estate Finance Trust	$11.53	$16.17	40.24%	Buy
TWO	Two Harbors Investment	$11.61	$15.50	33.51%	Buy
EARN	Ellington Residential Mortgage REIT	$6.37	$8.00	25.59%	Buy
RC	Ready Capital	$7.11	$8.50	19.55%	Hold
EFC	Ellington Financial	$12.21	$13.50	10.57%	Buy
ARR	ARMOUR Residential REIT	$19.02	$11.50	-39.54%	Hold

EARN Forecast FAQ

Is Ellington Residential Mortgage REIT a good buy?

Yes, according to 2 Wall Street analysts, Ellington Residential Mortgage REIT (EARN) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 1 'Buy' recommendations, accounting for 50.00% of EARN's total ratings.

What is EARN's price target?

Ellington Residential Mortgage REIT (EARN) average price target is $8 with a range of $8 to $8, implying a 25.59% from its last price of $6.37. The data is based on 2 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Ellington Residential Mortgage REIT stock go up soon?

According to Wall Street analysts' prediction for EARN stock, the company can go up by 25.59% (from the last price of $6.37 to the average price target of $8), up by 25.59% based on the highest stock price target, and up by 25.59% based on the lowest stock price target.

Can Ellington Residential Mortgage REIT stock reach $10?

EARN's average twelve months analyst stock price target of $8 does not support the claim that Ellington Residential Mortgage REIT can reach $10 in the near future.

What are Ellington Residential Mortgage REIT's analysts' financial forecasts?

Ellington Residential Mortgage REIT's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $24.08M (high $24.08M, low $24.08M), average EBITDA is $13.59M (high $13.59M, low $13.59M), average net income is $24.05M (high $24.05M, low $24.05M), average SG&A $-28.001M (high $-28.001M, low $-28.001M), and average EPS is $1.18 (high $1.18, low $1.18). EARN's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $35.12M (high $35.12M, low $35.12M), average EBITDA is $19.82M (high $19.82M, low $19.82M), average net income is $25.57M (high $25.57M, low $25.57M), average SG&A $-40.839M (high $-40.839M, low $-40.839M), and average EPS is $1.26 (high $1.26, low $1.26).

Did the EARN's actual financial results beat the analysts' financial forecasts?

Based on Ellington Residential Mortgage REIT's last annual report (Dec 2023), the company's revenue was $13.01M, beating the average analysts forecast of $7.44M by 74.74%. Apple's EBITDA was $49.82M, missing the average prediction of $-13.733M by -462.74%. The company's net income was $4.56M, missing the average estimation of $-2.751M by -265.72%. Apple's SG&A was $1.13M, missing the average forecast of $-3.513M by -132.22%. Lastly, the company's EPS was $0.31, missing the average prediction of $0.933 by -66.76%. In terms of the last quarterly report (Dec 2023), Ellington Residential Mortgage REIT's revenue was $1.5M, missing the average analysts' forecast of $2.41M by -37.73%. The company's EBITDA was $23.95M, beating the average prediction of $1.36M by 1658.47%. Ellington Residential Mortgage REIT's net income was $12.44M, beating the average estimation of $4.73M by 162.81%. The company's SG&A was $0, missing the average forecast of $-2.806M by -100.00%. Lastly, the company's EPS was $0.75, beating the average prediction of $0.233 by 222.53%