Shares of Ellington Residential Mortgage REIT of Beneficial Interest (NYSE:EARN) traded today at $13.92, eclipsing its 52-week high. So far today approximately 166,000 shares have been exchanged, as compared to an average 30-day volume of 80,000 shares.
Ellington Residential Mortgage REIT of Beneficial Interest (NYSE:EARN) is currently priced 46.2% above its average consensus analyst price target of $7.38.
In the past 52 weeks, shares of Ellington Residential Mortgage REIT of Beneficial Interest have traded between a low of $9.34 and a high of $13.92 and is now at $13.73, which is 47% above that low price.
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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