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Ellington Residential: 4Q Earnings Snapshot

February 16, 2021 GMT

OLD GREENWICH, Conn. (AP) _ Ellington Residential Mortgage REIT (EARN) on Tuesday reported fourth-quarter profit of $7.4 million.

On a per-share basis, the Old Greenwich, Connecticut-based company said it had net income of 60 cents. Earnings, adjusted for investment gains, came to 34 cents per share.

The residential mortgage real estate investment trust posted revenue of $5.5 million in the period.

For the year, the company reported profit of $20.1 million, or $1.63 per share. Revenue was reported as $17.4 million.

Ellington Residential shares have dropped nearly 6% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.29, an increase of 7% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on EARN at https://www.zacks.com/ap/EARN