Ellington Residential Mortgage REIT (NYSE:EARN) major shareholder Holdings L.P. Blackstone III acquired 61,285 shares of the stock in a transaction on Tuesday, November 20th. The stock was bought at an average price of $10.90 per share, with a total value of $668,006.50. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Holdings L.P. Blackstone III also recently made the following trade(s):

  • On Tuesday, November 13th, Holdings L.P. Blackstone III acquired 7,000 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $10.79 per share, with a total value of $75,530.00.
  • On Thursday, November 15th, Holdings L.P. Blackstone III acquired 25,912 shares of Ellington Residential Mortgage REIT stock. The stock was bought at an average price of $10.82 per share, with a total value of $280,367.84.

Shares of NYSE:EARN traded up $0.10 during trading on Tuesday, hitting $10.97. 235,792 shares of the company’s stock were exchanged, compared to its average volume of 102,960. Ellington Residential Mortgage REIT has a 1-year low of $10.23 and a 1-year high of $13.14. The stock has a market cap of $138.58 million, a price-to-earnings ratio of 6.09 and a beta of 0.55.

Ellington Residential Mortgage REIT (NYSE:EARN) last issued its quarterly earnings results on Monday, November 5th. The real estate investment trust reported $0.32 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.05). Ellington Residential Mortgage REIT had a positive return on equity of 10.35% and a negative net margin of 1.77%. The business had revenue of $4.65 million for the quarter. On average, sell-side analysts anticipate that Ellington Residential Mortgage REIT will post 1.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 25th. Stockholders of record on Friday, September 28th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 13.49%. The ex-dividend date of this dividend was Thursday, September 27th. Ellington Residential Mortgage REIT’s dividend payout ratio is 82.22%.

Large investors have recently modified their holdings of the company. Wolverine Asset Management LLC grew its position in shares of Ellington Residential Mortgage REIT by 14.0% during the 2nd quarter. Wolverine Asset Management LLC now owns 570,635 shares of the real estate investment trust’s stock worth $6,219,000 after buying an additional 70,108 shares during the period. Northern Trust Corp grew its position in shares of Ellington Residential Mortgage REIT by 5.0% during the 1st quarter. Northern Trust Corp now owns 111,989 shares of the real estate investment trust’s stock worth $1,227,000 after buying an additional 5,379 shares during the period. Paloma Partners Management Co acquired a new stake in shares of Ellington Residential Mortgage REIT during the 2nd quarter worth approximately $485,000. Millennium Management LLC acquired a new stake in shares of Ellington Residential Mortgage REIT during the 2nd quarter worth approximately $964,000. Finally, First Trust Advisors LP acquired a new stake in shares of Ellington Residential Mortgage REIT during the 2nd quarter worth approximately $121,000. Institutional investors own 63.87% of the company’s stock.

EARN has been the subject of several research reports. 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. 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, TheStreet upgraded shares of Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a research report on Thursday, August 30th.

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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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