Paloma Partners Management Co bought a new stake in Ellington Residential Mortgage REIT (NYSE:EARN) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 44,499 shares of the real estate investment trust’s stock, valued at approximately $485,000. Paloma Partners Management Co owned about 0.35% of Ellington Residential Mortgage REIT as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of EARN. Northern Trust Corp raised its position in shares of Ellington Residential Mortgage REIT by 5.0% in the first quarter. Northern Trust Corp now owns 111,989 shares of the real estate investment trust’s stock valued at $1,227,000 after buying an additional 5,379 shares during the last quarter. BB&T Securities LLC raised its position in shares of Ellington Residential Mortgage REIT by 33.1% in the first quarter. BB&T Securities LLC now owns 37,175 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 9,250 shares during the last quarter. LPL Financial LLC raised its position in shares of Ellington Residential Mortgage REIT by 56.6% in the first quarter. LPL Financial LLC now owns 54,897 shares of the real estate investment trust’s stock valued at $602,000 after buying an additional 19,832 shares during the last quarter. Blackstone Group L.P. raised its position in shares of Ellington Residential Mortgage REIT by 3.2% in the first quarter. Blackstone Group L.P. now owns 2,774,523 shares of the real estate investment trust’s stock valued at $30,409,000 after buying an additional 84,821 shares during the last quarter. Finally, Gables Capital Management Inc. acquired a new stake in shares of Ellington Residential Mortgage REIT in the first quarter valued at about $1,687,000. Institutional investors and hedge funds own 63.51% of the company’s stock.

In other news, major shareholder Holdings L.P. Blackstone III acquired 39,882 shares of the business’s stock in a transaction that occurred on Tuesday, August 14th. The stock was purchased at an average cost of $11.23 per share, for a total transaction of $447,874.86. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders have purchased 91,996 shares of company stock valued at $1,041,996. 2.00% of the stock is owned by company insiders.

A number of equities research analysts have recently commented on the stock. TheStreet upgraded shares of Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a research report on Thursday, August 30th. ValuEngine upgraded shares of Ellington Residential Mortgage REIT from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 15th. Finally, Zacks Investment Research cut shares of Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research report on Wednesday, August 8th.

Ellington Residential Mortgage REIT stock opened at $11.72 on Tuesday. Ellington Residential Mortgage REIT has a 12-month low of $10.23 and a 12-month high of $14.95. The stock has a market cap of $150.51 million, a P/E ratio of 7.23 and a beta of 0.50.

Ellington Residential Mortgage REIT (NYSE:EARN) last released its quarterly earnings data on Thursday, August 2nd. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.36. Ellington Residential Mortgage REIT had a net margin of 14.42% and a return on equity of 9.27%. The firm had revenue of $6.41 million during the quarter. analysts predict that Ellington Residential Mortgage REIT will post 1.39 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 25th. Investors of record on Friday, September 28th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 12.63%. The ex-dividend date is Thursday, September 27th. Ellington Residential Mortgage REIT’s payout ratio is currently 82.22%.

Ellington Residential Mortgage REIT Company Profile

Ellington Residential Mortgage REIT, a real estate investment trust, specializes in acquiring, investing in, and managing 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 comprising non-agency CMOs, such as investment grade and non-investment grade.

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Institutional Ownership by Quarter for Ellington Residential Mortgage REIT (NYSE:EARN)

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