BB&T Securities LLC grew its holdings in Ellington Residential Mortgage REIT (NYSE:EARN) by 16.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,925 shares of the real estate investment trust’s stock after buying an additional 4,200 shares during the quarter. BB&T Securities LLC owned 0.22% of Ellington Residential Mortgage REIT worth $434,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of EARN. State Treasurer State of Michigan purchased a new stake in shares of Ellington Residential Mortgage REIT in the third quarter valued at approximately $8,422,000. JPMorgan Chase & Co. increased its position in shares of Ellington Residential Mortgage REIT by 4,144.0% in the second quarter. JPMorgan Chase & Co. now owns 319,958 shares of the real estate investment trust’s stock valued at $4,690,000 after buying an additional 312,419 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Ellington Residential Mortgage REIT by 32.6% in the second quarter. Renaissance Technologies LLC now owns 864,302 shares of the real estate investment trust’s stock valued at $12,671,000 after buying an additional 212,702 shares in the last quarter. ClariVest Asset Management LLC increased its position in shares of Ellington Residential Mortgage REIT by 101.3% in the second quarter. ClariVest Asset Management LLC now owns 271,829 shares of the real estate investment trust’s stock valued at $3,986,000 after buying an additional 136,813 shares in the last quarter. Finally, State Street Corp purchased a new stake in shares of Ellington Residential Mortgage REIT in the second quarter valued at approximately $1,306,000. Institutional investors and hedge funds own 66.67% of the company’s stock.

EARN has been the topic of a number of research analyst reports. Zacks Investment Research lowered Ellington Residential Mortgage REIT from a “hold” rating to a “sell” rating in a research note on Tuesday, November 14th. BidaskClub lowered Ellington Residential Mortgage REIT from a “sell” rating to a “strong sell” rating in a research note on Friday, November 3rd.

Shares of Ellington Residential Mortgage REIT (EARN) opened at $12.83 on Monday. The stock has a market capitalization of $171.10, a P/E ratio of 6.75 and a beta of 0.60. Ellington Residential Mortgage REIT has a 12 month low of $12.50 and a 12 month high of $15.74.

Ellington Residential Mortgage REIT (NYSE:EARN) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.02). The company had revenue of $7.15 million for the quarter. Ellington Residential Mortgage REIT had a return on equity of 12.02% and a net margin of 40.44%. research analysts predict that Ellington Residential Mortgage REIT will post 1.86 EPS for the current fiscal year.

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Ellington Residential Mortgage REIT Profile

Ellington Residential Mortgage REIT is a real estate investment trust. The Company conducts its business through its subsidiaries, EARN OP GP LLC and Ellington Residential Mortgage LP (the Operating Partnership). It specializes in acquiring, investing in and managing residential mortgage- and real estate-related assets.

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

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