Analyst Price Target is $6.00
▼ -15.85% Downside Potential
This price target is based on 2 analysts offering 12 month price targets for Ellington Residential Mortgage REIT in the last 3 months. The average price target is $6.00, with a high forecast of $6.00 and a low forecast of $6.00. The average price target represents a -15.85% upside from the last price of $7.13.
Current Consensus is
Hold
The current consensus among 2 polled investment analysts is to hold stock in Ellington Residential Mortgage REIT. This Hold consensus rating has held steady for over two years.
Ellington Residential Mortgage REIT, a real estate investment trust, acquires, invests in, and manages residential mortgage-and real estate-related assets. It acquires and manages residential mortgage-backed securities (RMBS), including agency pools and agency collateralized mortgage obligations (CMOs); and non-agency RMBS, such as non-agency CMOs, such as investment grade and non-investment grade. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders. Ellington Residential Mortgage REIT was incorporated in 2012 and is based in Old Greenwich, Connecticut.
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