Analyst Price Target is $13.25
▲ +12.96% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Ellington Residential Mortgage REIT in the last 3 months. The average price target is $13.25, with a high forecast of $13.25 and a low forecast of $13.25. The average price target represents a 12.96% upside from the last price of $11.73.
Current Consensus is
The current consensus among 1 polled investment analysts is to buy stock in Ellington Residential Mortgage REIT. This rating has held steady since October 2020, when it changed from a Hold consensus rating.
Ellington Residential Mortgage REIT operates as a real estate investment trust, which engages in the acquisition, investment, and management of residential mortgage and real estate-related assets. It manages a portfolio, which consists of non-agency and agency residential mortgage-backed securities and acquires other target assets, such as residential whole mortgage loans, commercial mortgage-backed securities, mortgage-related derivatives, and other asset-backed securities. The company was founded in August 2012 and is headquartered in Old Greenwich, CT.