Northern Trust Corp lowered its stake in shares of Ellington Residential Mortgage REIT (NYSE:EARN) by 62.4% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 42,159 shares of the real estate investment trust’s stock after selling 69,830 shares during the period. Northern Trust Corp’s holdings in Ellington Residential Mortgage REIT were worth $460,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in EARN. FMR LLC increased its stake in shares of Ellington Residential Mortgage REIT by 47.2% in the 2nd quarter. FMR LLC now owns 382,600 shares of the real estate investment trust’s stock valued at $4,170,000 after purchasing an additional 122,600 shares in the last quarter. Millennium Management LLC purchased a new position in shares of Ellington Residential Mortgage REIT in the 2nd quarter valued at about $964,000. Wolverine Asset Management LLC increased its stake in shares of Ellington Residential Mortgage REIT by 14.0% in the 2nd quarter. Wolverine Asset Management LLC now owns 570,635 shares of the real estate investment trust’s stock valued at $6,219,000 after purchasing an additional 70,108 shares in the last quarter. Paloma Partners Management Co purchased a new position in shares of Ellington Residential Mortgage REIT in the 2nd quarter valued at about $485,000. Finally, Jane Street Group LLC purchased a new position in shares of Ellington Residential Mortgage REIT in the 2nd quarter valued at about $396,000. Institutional investors and hedge funds own 61.33% of the company’s stock.

In other news, major shareholder Holdings L.P. Blackstone III acquired 61,285 shares of the business’s stock in a transaction on Tuesday, November 20th. The stock was bought at an average cost of $10.90 per share, for a total transaction of $668,006.50. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last quarter, insiders have acquired 104,428 shares of company stock valued at $1,136,957. 2.00% of the stock is owned by company insiders.

Shares of Ellington Residential Mortgage REIT stock opened at $11.48 on Friday. Ellington Residential Mortgage REIT has a twelve month low of $10.23 and a twelve month high of $13.07. The stock has a market capitalization of $144.13 million, a P/E ratio of 8.05 and a beta of 0.55.

Ellington Residential Mortgage REIT (NYSE:EARN) last posted its quarterly earnings data on Monday, November 5th. The real estate investment trust reported $0.32 EPS for the quarter, missing the Thomson Reuters’ 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 firm had revenue of $4.65 million for the quarter. As a group, research analysts forecast that Ellington Residential Mortgage REIT will post 1.33 earnings per share for the current year.

Several equities analysts recently weighed in on EARN shares. ValuEngine upgraded Ellington Residential Mortgage REIT from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 15th. Zacks Investment Research upgraded Ellington Residential Mortgage REIT from a “sell” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, TheStreet upgraded Ellington Residential Mortgage REIT from a “d+” rating to a “c” rating in a research note on Thursday, August 30th.

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Ellington Residential Mortgage REIT 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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